Banking

Today U.S. Senator Josh Hawley (R-Mo.), Elizabeth Warren (D-Mass.), Mike Braun (R-Ind.), and Catherine Cortez Masto (D-Nev.), introduced the Failed Bank Executives Clawback Act, bipartisan legislation that would require that, in the event of a bank failures like Silicon Valley Bank, federal regulators claw back all or part of the compensation received by bank executives in the five-year period preceding the failure.

Currently, the Federal Deposit Insurance Corporation’s (FDIC) ability to claw...

Following recent news of the Federal Deposit Insurance Corporation (FDIC) bailout of two failed banks, U.S. Senators Josh Hawley (R-Mo.) and Mike Braun (R-Ind.) introduced the Protecting Consumers from Bailouts Act to protect consumers from new fees and to force the big banks to face up to their mistakes. The Biden administration announced that they will impose “special assessment” fees on banks across the country to pay for the Silicon Valley Bank bailout.

“Consumers and community banks should...

Following the news that the Biden Administration will impose special assessment fees on banks across the country to bail out Silicon Valley Bank (SVB) depositors, U.S. Senator Josh Hawley (R-Mo.) announced new legislation to protect customers and community banks.

Senator Hawley also criticized the taxpayer handout to SVB.

U.S. Senator Josh Hawley (R-Mo.) has introduced the Eliminating Executive Branch Insider Trading Act, which would ban the trading and holding of individual stocks by senior Executive Branch officials, many of whom have decision-making power that impacts the work being done in their respective agencies.

The Wall Street Journal recently reported that nearly one-third of the Energy Department’s senior officials or their families owned stocks related to the agency’s work, despite being warned they...

Today U.S. Senator Josh Hawley (R-Mo.) reintroduced his bill to ban lawmakers from stock trading. The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act would prohibit members of Congress and their spouses from holding or trading individual stocks. The bill will require members found in violation to return their profits to American taxpayers.

“For too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits...

Today U.S. Senator Josh Hawley sent a letter to Attorney General Merrick Garland, Securities and Exchange Commission (SEC) Chairman Gary Gensler, and Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam demanding information and all correspondence between their agencies and Democratic Party officials following the collapse of the cryptocurrency exchange FTX. 

Senator Hawley wrote, “The recent revelations about the cryptocurrency exchange platform, FTX, and its affiliated hedge fund,...

Today U.S. Senator Josh Hawley (R-Mo.) issued the following statement on the Democrat-led Congress' failure to take up stock trade ban legislation before the midterm elections. 

Today U.S. Senator Josh Hawley (R-Mo.) sent a letter to Senate Homeland Security and Governmental Affairs Committee (HSGAC) Chairman Gary Peters (D-Mich.) calling for a hearing to consider bipartisan proposals to ban insider stock trading by members of Congress and their spouses. The letter follows recent revelations that House Speaker Nancy Pelosi’s husband invested millions of dollars in computer-chip stocks as Congress was preparing to vote on legislation to subsidize the chip-manufacturing...

Today U.S. Senator Josh Hawley (R-Mo.) and U.S. Representative Vicky Hartzler (MO-4) published an op-ed with the Springfield News-Leader about the need to ban stock trading in Congress.

Last year, lawmakers in Washington bought over $267 million and sold $364 million in assets. One of the worst offenders is the Democratic House Speaker. In 2020, Speaker Pelosi and her husband managed to outperform the S&P 500 by a whopping 14.3 percent. That’s unusual. Making matters worse, almost 65 percent of...

U.S. Senator Josh Hawley (R.Mo) announced he will introduce the Banning Insider Trading in Congress Act, which would prohibit Members of Congress and their spouses from holding or trading individual stocks. The bill will require Members found in violation to return their profits to the American people.

Senator Hawley said, “Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they’re supposed to be regulating. Wall Street and...