Congress
U.S. House of Representatives
Committee on Financial Services
Hearing: Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes
January 30, 2024
The U.S. House Committee on Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions held a hearing entitled, "Better Investment Barriers: Strengthening CCP Sanctions and Exploring Alternatives to Bureaucratic Regimes."
Committee on Small Business
Hearing: Pathways to Success: Supporting Entrepreneurs and Employees with Disabilities
January 30, 2024
The U.S. House Committee on Small Business Subcommittee on Innovation, Entrepreneurship, and Workforce Development held a hearing entitled, "Pathways to Success: Supporting Entrepreneurs and Employees with Disabilities."
Federal Agencies
U.S. Department of the Treasury
Remarks by Deputy Secretary Adeyemo Before the National Council of Nonprofits
January 30, 2024
Deputy Secretary of the Treasury Wally Adeyemo gave remarks before the National Council of Nonprofits.
Securities and Exchange Commission
Statement on the Denial of a Rulemaking Petition Regarding the Commission's No-Admit/No-Deny Policy
January 30, 2024
Securities and Exchange Commission Chair Gary Gensler issued a statement following the SEC's denial of a Petition for Rulemaking to amend Rule 202.5(e), commonly known as the no-admit/no-deny policy.
Unsettling Silence: Dissent from Denial of Request for Rulemaking to Amend 17 C.F.R.
§ 202.5(e)
January 30, 2024
Securities and Exchange Commission Commissioner Hester M. Peirce issued a dissenting statement following the SEC's denial of a Petition for Rulemaking to amend Rule 202.5(e), commonly known as the no-admit/no-deny policy.
FINRA
Investor Insights: Understanding Settlement Cycles: What Does T+1 Mean for You?
January 30, 2024
FINRA published an Investor Insights alert entitled, "Understanding Settlement Cycles: What Does T+1 Mean for You?"
Federal Housing Finance Agency
FHFA Releases 2024 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions
January 30, 2024
The Federal Housing Finance Agency released the 2024 Scorecard for Fannie Mae and Freddie Mac and their joint venture, Common Securitization Solutions, LLC.
Fannie Mae
Fannie Mae Releases December 2023 Monthly Summary
January 30, 2024
Fannie Mae released the Monthly Summary for December 2023.
International
European Commission
EU and US take stock of trade and technology cooperation
January 30, 2024
The European Union and the United States held the fifth meeting of the EU-US Trade and Technology Council (TTC) in Washington, D.C.
Bank of England
Money and Credit - December 2023
January 30, 2024
The Bank of England released the Money and Credit statistics and effective interest rates for December 2023.
Bank of England Prudential Regulation Authority
Policy Statement: The Bank of England's approach to enforcement
January 30, 2024
The Bank of England published a policy statement concerning the Prudential Regulation Authority's approach to enforcement.
The Bank's approach to enforcement: statutory statements of policy and procedure
January 30, 2024
The Bank of England published a statement of policy incorporating the Prudential Regulation Authority's approach to enforcement.
The Prudential Regulation Authority's allocation of decision making and approach to supervisory decisions
January 30, 2024
The Prudential Regulation Authority published a statement of policy on the PRA's allocation of decision-making and its approach to supervisory decisions.
Procedures – The Enforcement Decision Making Committee
January 30, 2024
The Bank of England published procedures regarding the Enforcement Decision Making Committee.
Financial Conduct Authority
Market Watch 76
January 30, 2024
The Financial Conduct Authority published edition 76 of the Market Watch newsletter.
Administration Changes
Vacancies
Office of the Comptroller of the Currency
- Comptroller – Vacant (Michael Hsu serves as Acting Comptroller)
Appointments/Confirmation Hearings
U.S. Department of the Treasury – Janet Yellen (effective January 26, 2021)
Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)
- Vice Chair Phillip N Jefferson (sworn in September 13, 2023)
- Vice Chair for Supervision Michael Barr (sworn in July 19, 2022)
- Governor Michelle W. Bowman (sworn in November 26, 2018)
- Governor Christopher J. Waller (sworn in December 18, 2020)
- Governor Lisa D. Cook (sworn in September 13, 2022)
- Governor Adriana D. Kugler (sworn in September 13, 2023)
Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)
Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)
Federal Deposit Insurance Corporation – Martin Gruenberg (effective January 5, 2023)
- Vice Chairman Travis Hill (sworn in January 5, 2023)
- Director Jonathan McKernan (sworn in January 5, 2023)
- Director Michael Hsu (Acting Comptroller of the Currency)
- Director Rohit Chopra (Director of Consumer Financial Protection Bureau)
Office of the Comptroller of the Currency – Michael Hsu (acting Comptroller, effective May 10, 2021)
Securities and Exchange Commission – Gary Gensler (effective April 17, 2021)
Commodity Futures Trading Commission – Rostin Behnam (effective December 17, 2021)
Consumer Financial Protection Bureau – Rohit Chopra (effective October 12, 2021)
National Credit Union Administration – Todd M. Harper (effective January 20, 2021)
Small Business Administration – Isabella Casillas Guzman (effective March 16, 2021)
U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)
Federal Housing Finance Agency – Sandra L. Thompson (effective June 22, 2022)
U.S. Department of Education – Dr. Miguel Cardona (effective March 2, 2021)
Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)
PH Client Alerts
Click here to read more from our Coronavirus series.
Legislation/Legislative Updates
Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act"), Enacted March 27, 2020.
Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.
Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.
Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.
Click here to view the full text of the American Rescue Plan of 2021, Enacted March 11, 2021.
Click here to view the full text of the PPP Extension Act of 2021, Enacted March 30, 2021.
Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.
