Free Trial

Congress Unlikely To Pass Major Financial Services Legislation This Year

US

A new survey of Capitol Hill aides by The Canvass/Punchbowl Newshas found that a bipartisan majority of senior staffers believe Democrats will win the Senate races in Arizona, Pennsylvania, and Wisconsin… Staffers are split on who will win in Maryland, Montana, Nevada, and Ohio, according to the survey.

  • Punchbowl notes: “Montana and Ohio are highly competitive races that Republicans could win and retake the Senate majority. Sen. Jon Tester (D-Mont.) is facing off against Republican Tim Sheehy. Sen. Sherrod Brown (D-Ohio) is being challenged by Republican Bernie Moreno.
  • “In Arizona, the race to replace independent Sen. Kyrsten Sinema is underway with Rep. Ruben Gallego (D-Ariz.) facing off against either Kari Lake, Mark Lamb, Elizabeth Reye or Dustin Williams. Primary day is July 30.”
  • The survey also found that grocery/food prices and housing/rental costs remain by far the most important economic issues for voters. 68% of aides said it is unlikely that Congress will pass any significant financial services legislation this year, with aides reporting that Congress was most likely to pass legislation related to China competition and online safety.

Figure 1: How likely is it that Congress will pass any significant financial services legislation this year, including crypto reform?

Source: The Canvass/Punchbowl News

Figure 2: How likely is it Congress will pass legislation to address the following?

Source: The Canvass/Punchbowl News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.