03 Dec December 2025 Financial Services Outlook
With the work period ending December 19th, Congress and the Administration face a compressed agenda shaped by unresolved FY26 appropriations, NDAA negotiations, and healthcare — with the January 30th deadline likely to force another short-term CR or full-year extensions, and a shutdown not entirely off the table. This month’s outlook previews a packed House Financial Services Committee schedule, a bipartisan capital formation package on the House floor, and a Senate push to finalize a digital-asset market structure framework for potential December markups, alongside a large end-of-year nominations package for key financial regulators. On the regulatory side, we cover coordinated GENIUS Act rulemakings, SEC action on tokenization and disclosure reform, the OCC’s third-party vendor review, the CFTC’s innovation agenda, an accelerated CFPB rulemaking cycle, and Treasury’s initial implementation timeline for Trump accounts. Download the full report below for RFA’s complete take on the work period ahead.
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