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☆ House Speaker Mike Johnson in no rush to address foreign aid request while others weigh rewriting Senate-passed plan
▼ + stars: | 2024-02-14 | by ( Melanie Zanona | ) edition.cnn.com time to read: +6 min

But some conservatives say they won’t support any Ukraine aid, even if it’s just narrow military aid. “There’s the possibility that the Republican majority would support Ukraine aid paid for, with real border security attached to it,” Good said. Rep. Chip Roy of Texas, also a Freedom Caucus member, laid out a number of conditions he would need in order to support Ukraine aid. One option that was discussed during the meeting was stripping the aid package of its humanitarian assistance for Ukraine and only including military aid for Ukraine. And I think we should have been focused on military aid,” Rep. Don Bacon, a swing district Republican from Nebraska, told CNN.

Persons: Mike Johnson, Johnson, Marjorie Taylor Greene, Brian Fitzpatrick, “, ” Fitzpatrick, Fitzpatrick, Joe Biden, Dan Crenshaw, Bob Good, ”, Chip Roy, ” Roy, ” Rep, Don Bacon, Ann Wagner, ” Johnson, Hakeem Jeffries, “ Mike Johnson, Jeffries, ” “, Vladimir Putin, Wagner, Bacon, ” Wagner, ” Bacon, CNN’s Manu Raju, Mario Diaz, “ I’ll, we’re, CNN’s Annie Grayer, Manu Raju, Sam Fossum Organizations: Republican Conference, GOP, Republican, Pentagon, Virginia Republican, Freedom Caucus, Caucus, ”, Republicans, CNN, “, Missouri Republican, Democrat Locations: Ukraine, Israel, Marjorie Taylor Greene of Georgia, Taiwan, Dan Crenshaw of Texas, Texas, United States, Nebraska, Missouri, Florida

When employees who contribute to a 401(k) plan leave a company, they have options for what to do with that money. The guidance investors receive from a financial professional or firm about handling old 401(k)s has been exempt from investment advice rules. And, there are different standards for financial advice. The Biden administration wants investment advice given when making these decisions to come from a fiduciary — and the Department of Labor has proposed rules to make that happen. They also argue that existing laws have been established to safeguard consumers seeking financial advice.

Persons: Biden, Labor Department's, Ann Wagner Organizations: Department of Labor, Finance, Labor, Financial, Capital Markets

CNN —Conservative Republican Rep. Jim Jordan of Ohio is bringing the House back to the floor Tuesday to vote on whether he will succeed ousted Speaker Kevin McCarthy and finally end the chamber’s prolonged paralysis amid deep GOP divisions. But it’s not clear whether Jordan can be the one who unifies the fractured House Republican conference, with some lawmakers still opposed. Jordan can now only lose three votes, instead of four, but this is a temporary drop until the Florida congressman returns. “We need to get a speaker tomorrow,” Jordan said Monday after leaving a closed-door GOP conference meeting. Several Republicans – including from districts won by President Joe Biden – declined to say Monday evening whether they would vote for Jordan on the floor.

Persons: Jim Jordan of, Kevin McCarthy, Jordan, Gus Bilirakis, Bilirakis, –, ” Jordan, “, ”, holdouts, Ann Wagner of Missouri, Nicole Malliotakis, Jordan doesn’t, McCarthy, Steve Scalise, Kevin, Steve, Don Bacon of Nebraska, That’s, Mario Diaz, Joe Biden –, Scott Perry of, Scalise, ” Perry, Jim didn’t, Jim Jordan Organizations: CNN — Conservative Republican, Ohio Republican, Republican, Capitol, CNN, GOP, House Republicans, Trump, ” Locations: Jim Jordan of Ohio, Ohio, Florida, Washington, New York, Israel, Jordan

☆ Jim Jordan's House Speaker bid gains momentum as Biden warns of 'dangerous' leadership vacuum in Congress
▼ + stars: | 2023-10-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

US Representative Jim Jordan (R-OH) speaks to members of the media at the US Capitol in Washington, DC, on October 4, 2023. The renewed momentum came at a crucial moment for Jordan, whose candidacy seemed destined to fail late last week. After winning the internal, closed door nomination vote, Jordan still faced a bloc of around 50 House Republicans who opposed his speakership. Jim Jordan can do it," McCarthy said in a social post. President Joe Biden called the leadership vacuum in the House "dangerous" in an interview with CBS News that aired Sunday.

Persons: Jim Jordan, Jim Jordan of, Republican holdouts, Jordan, Mike Rogers of, Ken Calvert of, Ann Wagner of Missouri, Carlos Gimenez of, Don Bacon of, Gimenez, Kevin McCarthy, Steve Womack, Mike Lawler, Mario Diaz, Matt Gaetz, McCarthy, Joe Biden, Biden, Michael McCaul, Steve Scalise Organizations: Jim Jordan of Ohio, Representatives, Republican, Republicans, Armed Services, Mike Rogers of Alabama, NBC News, Carlos Gimenez of Florida, California Republican, Rep, Jordan, CBS News, Republican Party, Foreign Affairs, NBC, Texas Republican, GOP Locations: Washington ,, Ken Calvert of California, Don Bacon of Nebraska, Arkansas, York, Florida, Israel, Ukraine, Kyiv, Russia, United States, Texas, Louisiana

☆ A GOP lawmaker says some members 'would prefer' to be in the minority because they could 'just vote no and yell and scream all the time'
▼ + stars: | 2023-10-15 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Rep. Don Bacon of Nebraska, a swing district Republican, decried the continued GOP leadership fight. Bacon said some of his GOP colleagues "would prefer" to be in the minority in the US House. Rep. Jim Jordan is working to round up votes for the speakership but faces an uphill climb. I think they would prefer that because they could vote 'no' and yell and scream all the time," he told the network. "We've got to get past this stage," Republican Rep. Frank Lucas of Oklahoma told The Wall Street Journal.

Persons: Don Bacon of Nebraska, Bacon, Jim Jordan, —, Steve Scalise, Kevin McCarthy, Jordan, aren't, We've, Frank Lucas of Oklahoma, McCarthy's speakership, Vern Buchanan, Mario Díaz, Mike Rogers of, Ann Wagner of Missouri Organizations: Republican, GOP, House, Service, House Republicans, House Republican Conference, CNN, Republican Rep, Wall Street, Jordan, Mike Rogers of Alabama Locations: Louisiana, Omaha, Florida

☆ House Republicans target proxy advisors in latest hearing picking apart ESG investing
▼ + stars: | 2023-07-13 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — A Republican-led House Financial Services subcommittee held a second hearing Thursday scrutinizing the Biden administration's environmental, social and governance disclosure proposals for public U.S. companies. The hearing zeroed in on the influence of proxy advisors on shareholder voting decisions on questions related to ESG investing. Republicans pushed back against what they called the prioritization of ESG shareholder resolutions, while Democrats say shareholders deserve to be informed of all possible risks to their investments. The hearing was the second of six scheduled this month on ESG investing by House Republicans. The GOP's push against policies designed to promote ESG investing has garnered the support of some of the largest business advocacy groups, such as the Business Roundtable and the National Association of Manufacturers.

Persons: WASHINGTON —, Ann Wagner, Glass Lewis, Wagner, Gary Gensler, Trump, Chris Netram, — rescinding, Netram Organizations: Republican, Financial Services, Biden, Capital Markets, House Republicans, GOP, SEC, Securities, Exchange, Business, National Association of Manufacturers, NAM Locations: Bonn, Germany

REUTERS/Kevin LamarqueMarch 29 (Reuters) - The scope of blame for Silicon Valley Bank's failure stretches across bank executives, Federal Reserve supervisors and other regulators, the banking system's top cop on Wednesday told U.S. lawmakers demanding answers for the lender's swift collapse. "I think that any time you have a bank failure like this, bank management clearly failed, supervisors failed and our regulatory system failed," Michael Barr, Fed Vice Chair for Supervision, told Congress. 'SOME REAL FLAWS'Barr told the House Financial Services Committee that he first became aware of stress at Silicon Valley Bank on the afternoon of March 9, but that the bank reported to supervisors that morning that deposits were stable. The Fed was in discussions with Silicon Valley Bank the day before its collapse to move pledgable collateral to the discount window, a key facility long associated with providing emergency loans to banks, Barr said on Wednesday. "(Fed) staff were working with Silicon Valley Bank basically all afternoon and evening and through the morning the next day to pledge as much collateral as humanly possible to the discount (window) on Friday," Barr said.

House lawmakers tore into top U.S. bank regulators Wednesday, questioning their competency and saying examiners were asleep at the wheel, at a second day of congressional hearings this week about how Silicon Valley Bank and Signature Bank collapsed practically overnight on March 10 and March 12. "We need competent financial supervisors, but Congress can't legislate competence," House Financial Services chairman Rep. Patrick McHenry, R-N.C., told top officials at the Federal Reserve, Treasury and FDIC at the beginning the hearing. "The light touch cautions from the Fed to SVB management are clearly not what Congress intended for bank supervision," said Waters. Republican Rep. Bill Huizenga, Mich., demanded raw, confidential supervisory information about the banks, available to regulators ahead of the collapses. Members of the Republican majority House challenged many of the decisions made by regulators in the hours and days after SVB collapsed and Signature Bank followed 48 hours later.

☆ GOP lawmakers vilify ESG moves at BlackRock, Vanguard but take their money nonetheless
▼ + stars: | 2023-02-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

But Republicans have vilified BlackRock, Vanguard Group and State Street for leading the push on Wall Street to promote clean energy and what GOP lawmakers often title "left-wing social priorities." Still, many Republican lawmakers received money from the very firms their party is criticizing. It was the third election cycle in a row that both lawmakers took donations from the firm's PAC. Rep. Ann Wagner, R-Mo., received $10,000 from BlackRock and a combined $6,500 from Vanguard and State Street in the 2022 cycle. Huizenga's spokesman Brian Patrick said the donations won't affect the lawmaker's position on ESG issues.

☆ Elder financial fraud is a $3 billion-a-year problem. This bill in Congress aims to help prevent it
▼ + stars: | 2023-02-15 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +2 min

Seb_ra | Istock | Getty ImagesA bill that's pending in the Senate aims to battle a persistent danger to older adults and other vulnerable individuals: financial exploitation. The bill would "provide folks on the front line with the tools necessary to help prevent exploitation," Jennings said. Called the Financial Exploitation Prevention Act of 2023 and sponsored by Rep. Ann Wagner, R-Mo., the bill cleared the House last month in a unanimous bipartisan vote. watch nowA nearly identical version of the bill that cleared the House in 2021 ended up languishing in the Senate. Older adults with cognitive challenges are the most vulnerable to exploitation and may have up to twice as much stolen than those without those issues.

Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023.

☆ FTX's new CEO accused the collapsed crypto exchange of 'old school' embezzlement that was 'not sophisticated at all'
▼ + stars: | 2022-12-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

FTX's new CEO has accused the collapsed crypto exchange of "old school" embezzlement. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyFTX's new CEO has accused the crypto exchange of "old school" embezzlement in scathing congressional testimony. "This is really just old-fashioned embezzlement," Ray said. This is just plain old embezzlement. Old school, old school."

Trying to salvage his summit at Doral, Trump himself phoned the group at Camp David, and the moderates gave the president an earful as well. That fall, Bade and Demirjian write, House GOP Leader Kevin McCarthy and House GOP Whip Steve Scalise had desperately tried to hold the line and keep Republicans unified against Democrats' first impeachment probe into Trump. That weekend at Camp David, Bade and Demirjian write, moderate Republicans "charged the president’s chief of staff like a pack of wolves." Mulvaney had suggested to his boss inviting a group of wavering Republicans to Camp David. “We don’t want to have to defend you on this,” Wagner told him, suggesting that he host the G-7 at Camp David.

☆ These 5 former House candidates might've been the next AOC, but entrenched politicians blocked their path
▼ + stars: | 2022-09-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +17 min

Durham County Commissioner Nida Allam competed in this year's Democratic primary for North Carolina's 4th Congressional District. And we need to have an infrastructure like that on the Democratic Party side. Former House candidate John Isemann faced ex-state lawmaker Tom Kean Jr. in the Republican primary for New Jersey's 7th Congressional District. Jay Nixon and also worked for the Missouri Democratic Party — decided to jump into the race himself. "We talk about the Democratic Party being a big-tent party," she said.

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