search instagram arrow-down

Weekly Schedule

Daily Market Meeting | 5:00AM-7:00AM
Macro Show | 9:00AM-9:30AM
Trading Operations | 9:31AM-4:01PM
Daily Market Wrap & Debrief 4:02-7:00PM

RSS World News

RSS Reuters Business News


Live Written Squawk Box

WPAdverts Ads

There are no ads matching your search criteria.

Has the passing of H.R. 3312: Systemic Risk Designation Improvement Act 2017 come and gone under the radar or was I sleeping? There has been a lot of “chaff” to wade through since the passing of the Tax Reform Bill.


Chasing down, and deciphering what news is essentially analogous to an attempt by a heat-seeking missile to lock-on to its target, only to be distracted by a much large heat signature in the process.


However, the passing of the reform of the Dodd-Frank Act through the House financial services committee last Wednesday seems important enough, so I dug into it.

History of H.R. 3312: Systemic Risk Designation Improvement Act 2017

Screenshot 2017-12-24 14.55.58


Using Stephen S. Cohen and J. Bradford DeLong’s DW-NOMINATE (dynamic-weight nominal three-step estimation) that employs transitivity to make comparisons across Congress/Senate, we can forecast will a high degree of accuracy whether or not the bill will pass altogether.

For isntance, if legislator B almost always votes to the right of A in one Congress, and C and B serve in another Congress in which A is absent, but C almost always votes to the right of B.C will be assigned an ideal point to the right of A; the replacement of A by C will have moved the party’s (and the Congress’s) average score to the right.

Via Journal of Economic Literature, Vol. LV (December 2017).


Screenshot 2017-12-24 15.03.48

The Republican Policy Committee

Floor Situation

On Wednesday, December 20, 2017, the House will consider H.R. 3312, the Systemic Risk Designation Improvement Act of 2017 under a closed rule. The bill was introduced on July 19, 2017, by Rep. Blaine Luetkemeyer (R-MO) and was referred to the House Committee on Financial Services, which ordered the bill reported by a vote of 47-12 on October 12, 2017.

Leave a Reply
%d bloggers like this: