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The top Democrat on the House Financial Services Committee sent a letter advocating for Commodity Futures Trading Commissioner Kristin Johnson to serve as the Treasury Department’s next assistant secretary of financial institutions.

House Democrats take fresh aim at capital rules

Several senior Democrats on the House Financial Services Committee this morning continued to signal serious concerns with new capital rules proposed by President Joe Biden’s banking regulators, pressing for changes before they are finalized.

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Punchbowl News Presents

We’re launching a weekly show on YouTube on September 4! Fly Out Day will include authentic conversations with the people shaping today’s biggest political stories, straight from our townhouse. Subscribe to our YouTube channel for early access.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Punchbowl News Presents

We’re launching a weekly show on YouTube on September 4! Fly Out Day will include authentic conversations with the people shaping today’s biggest political stories, straight from our townhouse. Subscribe to our YouTube channel for early access.