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April 2024 Outlook

April 2024 Outlook

With government funding for the remainder of the fiscal year finalized, Congress will shift its attention towards outstanding policy matters, including foreign aid packages for Ukraine, Israel, and Taiwan; potential funding for the collapsed Baltimore Bridge; and addressing the April and May deadlines for FISA and FAA reauthorization. Other issues lawmakers could address include legislation to increase railway safety standards, legislation requiring TikTok to divest from its Chinese parent company, and the Wyden-Smith tax package that is currently under negotiation in the Senate. This month will also include Congressional appearances from several regulators. Treasury Secretary Janet Yellen will appear before the House Ways & Means Committee to discuss President Biden’s FY25 Budget Proposal the week of April 29th; FHFA Director Thompson will appear before the Senate Banking Committee on April 18th; and Deputy Secretary of the Treasury Adeyemo is appearing before the Senate Banking Committee today to discuss anti-money laundering issues.

As for the regulators, the Financial Stability Oversight Council may hold its next meeting this month, and the CFPB could finalize its Larger Participant Rule in the coming months. Regulators will continue to finalize major rulemaking priorities as the Congressional Review Act deadline approaches.

Below, the RFA team provides our perspective on notable legislative, regulatory and administrative activity for the April work period.