Banking Committee
Coverage of Banking Committee in the Nexus archive.
- Banking Committee's Sen. Rounds liked Warsh's 'tone' in first testimony as Fed chairman
Federal Reserve Chair Kevin Warsh testified on Capitol Hill for two days. Banking Committee's Sen. Rounds appreciated Warsh's 'tone' during the hearing.
- Trump spikes housing bill at last minute, refusing to sign until SAVE America Act passes
President Donald Trump canceled a scheduled signing ceremony for a bipartisan housing bill, which had broad support in Congress, and demanded that lawmakers first pass the SAVE America Act, a controversial election security measure. The housing bill aimed to lower construction costs and regulate institutional home purchases, but Trump labeled it 'minor' and refused to sign it until the SAVE Act is enacted.
- CLARITY Act stablecoin draft delayed — Tillis confirms text won't release this week
Senator Tillis confirmed the revised stablecoin yield language for the CLARITY Act will not be released this week, delaying the Banking Committee markup. Polymarket odds of the bill passing in 2026 have dropped from 82% to 59%, raising concerns about its viability before the midterm cycle.