MICHAEL BORDEN leads the Government Strategies group. He offers counsel to clients facing complex and high stakes challenges involving Congressional investigations, legislation and government regulation. Michael has a broad-based practice. He focuses on matters relating to the financial services industry but he represents clients in virtually every economic sector – including tax, trade, technology, automotive, retail, healthcare, energy and agriculture.
Michael joined the firm after working for almost a decade on Capitol Hill, including as senior counsel of the House Financial Services Committee during the financial crisis and the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203). In that role, he was responsible for all aspects of banking, financial institutions and government-sponsored enterprise policy. He managed issues related to bank safety and soundness, the resolution of systemically important financial institutions as well as consumer access to credit. Michael directed efforts to enhance the regulation of Fannie Mae and Freddie Mac and he led the broader housing finance reform efforts in the House. He organized and crafted legislative amendments to the Dodd-Frank Act; negotiated, managed and executed the House Republicans’ TARP, auto bailout, subprime lending and mortgage rescue responses; and he drafted the SAFE Act (P.L. 110-289) to establish mortgage origination standards. He worked on the national security review process for investments in the United States, including the enactment of the Foreign Investment and National Security Act (P.L. 110-49). He also handled consumer protection matters related to credit card practices, data security, money laundering and Internet gambling.
Prior to his tenure on the House Financial Services Committee, Michael served as a legislative aide to Representative Jim Leach. In that role, he focused on whether Fannie Mae, Freddie Mac, the Farm Credit System and Industrial Loan Corporations were adequately regulated under existing law. He also drafted and led the effort to enact the Unlawful Internet Gambling Enforcement Act (P.L. 109-347).