Financial Services
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A pair of congressmen from California and New York plan to unveil a bill on Friday that would create a government-backed loan program for homeowners to finance the construction of tiny homes on their properties.
The bill aims to boost building of accessory dwelling units, or ADUs, in a new effort to tackle the nation’s severe housing shortage. These add-ons are small, studio-style housing units, usually between 600 and 1,200 square feet, that can supplement an existing home in the backyard, garage or basement.
WASHINGTON, D.C. – Yesterday, Congressman Sam Liccardo (CA-16) joined colleagues on both sides of the aisle to pass the GENIUS Act, which establishes regulations for stablecoins. Liccardo was an original sponsor on the bill’s House version, the STABLE Act, and introduced several amendments to improve the bill’s language supporting criminal penalties for violating the regulations and anti-money laundering requirements, several of which are reflected in the final bill.
WASHINGTON, D.C. — Today, Representative Sam Liccardo (CA-16) introduced H.R. 4274, the Remittance Expense Minimization and Integrity for Transfers (REMIT) Act, to counter Congressional Republicans’ newly imposed 1% tax on remittances included in the “One Bloated Borrowing Budget.”
Fed Chair Powell: Concerned about ‘direction of travel’ of data collection
In brief
- House Democrats convened a "minority day" hearing Friday to express concerns about the CLARITY Act.
- The crypto market structure bill would establish a framework for regulating most of the digital assets industry.
- Experts said Friday the bill contains loopholes that could allow traditional finance firms to evade regulation.
Today, Congressman Sam Liccardo (CA-16) will introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act to halt the financial exploitation of the public by corrupt federal officeholders. After President Trump and First Lady Melania Trump made a windfall on their respective meme coins, experts sounded the alarm about the glaring ethical concerns.
WASHINGTON, D.C. – Congressman Sam Liccardo (CA-16) released the following statement:
“If you don’t think the Trump administration’s illegal impoundment of all federal funding will harm every corner of our community, consider the thousands of parents who cannot go to work if they depend on child care funded by Head Start, and the millions of residents imperiled by potential delays in the rebuilding of the Anderson Dam.