The House of Representatives voted 416-6 on Wednesday to pass two bills from the Financial Services Committee, including one measure that would establish a rulemaking deadline for the SEC to implement a certain JOBS Act provision. Under H.R. 701, the … Read More…
The SEC voted unanimously on Wednesday to make changes to Title VII of Dodd-Frank—rules governing the extraterritorial reach of Dodd-Frank rules on security-based swap transactions. The 650-page proposal seeks to narrow the definition of “U.S. person” to include any natural … Read More…
U.S. Treasury Secretary Jack Lew praised the work of financial regulators during a Financial Stability Oversight Council hearing, saying that while the nation’s financial system is stronger since the crisis, much work remains. Lew pointed to efforts by the financial … Read More…
A recent report by the Government Accountability Office found that approximately 50 percent of the SEC’s internal supervisory controls, which are used by management to ensure agency processes are complete and consistent, have deficiencies. The SEC’s offices, including the Office … Read More…
Members of the House Financial Services Subcommittee on Oversight and Investigations said during a Wednesday hearing that the SEC has cost America jobs because of its inability to meet provision deadlines under the Jumpstart Our Business Startups Act. Many provisions … Read More…
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