Significant banking legislation is unlikely to materialize in the 118th Congress. Narrow majorities for both parties in the House and Senate, and deep partisan divides in general, will make consensus on any reforms difficult to achieve. However, the Senate Banking Committee and the House Financial Services Committee will be conducting significant oversight of the Biden administration and independent agencies such as the Securities and Exchange Commission (SEC) and the Consumer Financial Protection Bureau (CFPB) — investigations that could lead to some bipartisan results on banking issues. Continue reading >