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Congress Unlikely To Pass Major Financial Services Legislation This Year

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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?

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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?

Keep reading...Show less