Nagging questions remain in Congress on whether it really did anything useful to prevent another 2008-like financial meltdown. Now an unlikely pair of lawmakers — Sen. John McCain (R-Ariz.) and Elizabeth Warren (D-Mass.) — think it's time to have the government re-regulate banking in a way the Dodd-Frank bill did not. Roll Call Senior Editor David Hawkings tells Federal Drive with Tom Temin they're thinking back to Glass-Steagall.
Problems transferring licenses from military to civilian world or from one state to another are starting to get attention in Congress.
Two Democrat Senators sent their second letter to the General Services Administration asking how they are going to deal with the “violation” of the terms of the Trump Hotel lease.
Both members of Congress and the Office of Government Ethics are attempting to get their hands around what was once an arcane federal ethics issue: discretionary trusts, and whether an executive branch employee's interests in one violates the criminal conflict of interest statute.
The House Freedom Caucus is giving President-elect Donald Trump a list of regulations to repeal in 2017, many focused around defense and clean energy.
House Oversight and Government Reform Committee Ranking Member Elijah Cummings (D-Md.) and Sen. Elizabeth Warren (D-Mass.) asked the Government Accountability Office to review potential conflicts of interest, possible violations of security protocol and issues of transparency and logistics of President-elect Donald Trump's transition. Meanwhile, two other lawmakers are once again raising concerns about the potential for political appointees to "burrow in" to career positions.
Sen. Elizabeth Warren (D-Mass.) says she doesn't take the position lightly, but she thinks it's time for President Barack Obama to effectively fire the chairwoman of the Securities and Exchange Commission. Warren's chief complaint is that SEC chair Mary Jo White has failed to pursue new rules that would require corporations to disclose certain political donations. David Hawkings, the senior editor at Roll Call, he joins the Federal Drive with Tom Temin with more.
The Massachusetts Democrat's letter highlights her concerns over White’s actions to reduce the disclosure requirements of corporations, which Warren said runs contrary to the SEC's purpose.
Members of Congress in the Washington area scored highly yet again on this year's report card put out by Federally Employed Women.
Rep. Tammy Duckworth (D-Ill.) on Dec. 1 introduced a bill that would give federal retirees and Americans receiving Social Security benefits a one-time cost-of-living adjustment in 2016 equal to a 3.9 percent increase for most recipients.
The Consumer Financial Protection Agency will include an office dedicated to helping members of the armed forces. It will be led by Holly Petraeus, wife of the commander of forces in Afghanistan.
Elizabeth Warren, head of the new Bureau of Consumer Financial Protection, said technology will be key to make the agency nimble and sophisticated enough to do its job well in the 21st century.