July 2026 Financial Services Outlook

14 Jul July 2026 Financial Services Outlook

This month’s outlook arrives with Congress returning from the Independence Day recess to a compressed pre-August work period, the Senate juggling nominations, the NDAA, and likely the CLARITY Act across just three weeks of floor time, and appropriations advancing in the House while Senate work remains stalled. We break down what to watch on Capitol Hill, including the FY2027 appropriations outlook and the Administration’s $87.6 billion supplemental request, the pre-August nominations package and Brian Johnson’s pending CFPB confirmation, and oversight hearings before House Financial Services and Senate Banking with Fed Chair Kevin Warsh and Acting CFPB Director Russ Vought. On the regulatory and administrative side, we cover the expiration of Section 122 tariffs and the Section 301 and 232 replacement tracks, competing AI and privacy vehicles including the Great American AI Act and KOSA negotiations, digital asset market structure legislation, the CFTC’s prediction market litigation, the CFPB’s forthcoming Section 1033 proposal, and GENIUS Act implementation at the OCC and FDIC. Download the full report below for RFA’s complete take on the work period ahead.