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Financial Services

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September 5, 2018 Press Release

Washington, DC – Today, Congressman Gregory W. Meeks, a senior member of the House Committee on Financial Services, sent the following letter to Chairman Jay Clayton of the Securities and Exchange Commission urging him to study and report on the challenges faced by minority entrepreneurs in accessing capital through the private markets.  The letter follows recent reports revealing that the SEC will consider regulatory changes to expand wealth opportunities for retail investors and to encourage capital formation for startups and private small businesses.   

 

August 1, 2018 Press Release

Washington, DC - Yesterday, the Office of the Comptroller of the Currency (OCC) clarified its position on nonbank financial institutions obtaining national charters.  Nonbank firms that are eligible for OCC charters include those engaged in the business of banking, including “fintech” firms that either receive deposits, pay checks, or lend money.  Since 2016, Rep. Gregory W.

July 11, 2018 Press Release

Washington, DC – Today, a bill introduced by Rep. Gregory W. Meeks to improve disclosures around companies with entrenched corporate governance structures passed the House Committee on Financial Services, of which Rep. Meeks is a senior member. 

June 21, 2018 Press Release

 

Washington, DC – Today, U.S. Representative Gregory W. Meeks, a senior member of the House Committee on Financial Services, questioned the Commissioner of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, on the agency’s intentions to improve its board diversity disclosure rule, as well the agency’s plans to adopt investor protections around dual class stock structures.

May 22, 2018 Press Release

 

Washington, DC - Today, senior member of the Financial Services Committee, Representative Gregory W. Meeks, voted in opposition to the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155).  Rep. Meeks issued the following statement on his vote in opposition to S. 2155:

April 13, 2017 Press Release

Washington, D.C. U.S. Congressman Gregory W. Meeks, Senior Member of the House Financial Services Committee, introduced H. Res. 247, a resolution calling on the House to support the goals and ideals of Financial Literacy Month. Regarding the resolution’s introduction, Congressman Meeks released the following statement:

December 1, 2016 Press Release
Washington, D.C.—Senior Member of the Financial Services Committee, U.S. Congressman Gregory W. Meeks, today echoed the concerns raised by investors of Wells Fargo & Co. At a November 29th meeting, a number of institutional investors of the bank submitted a resolution that would set policy separating the roles of board chair and chief executive officer. The proposal, which Rep. Meeks has called for in past congressional hearings, will be considered at Wells Fargo’s 2017 annual meeting. Regarding the announcement, Rep. Meeks released the following statement:
May 6, 2016 Press Release
Washington, D.C.— Senior Member of the Financial Services Committee, U.S. Congressman Gregory W. Meeks issued the following statement regarding the CFPB ruling yesterday:
April 26, 2016 Press Release
WASHINGTON, D.C. – Congressman Gregory W. Meeks, a Senior Member of the House Financial Services Committee, issued a statement today in response to a Government Accountability Office (GAO) report on FEMA flood insurance rates that was released last week. In 2014, Congressman Meeks and several members of the committee requested that the GAO conduct a study of the Federal Emergency Management Agency’s (FEMA) rate-setting methods under the National Flood Insurance Program (NFIP) to ensure that flood insurance rates are consistent with actual flood risk. The GAO report found that FEMA has made significant improvements but not all of its original recommendations have been fully achieved.