Financial Services Legislative And Regulatory Update -- March 26, 2012

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In This Issue:

Leading the Past Week; JOBS Act Update; Legislative Branch; House of Representatives; Executive Branch; CFTC; SEC; FDIC; OCC; International; Miscellaneous; and Upcoming Hearings.

Excerpt from Leading the Past Week

The past week was an incredibly busy one here in Washington, DC. Leading the past week, an overwhelming majority of the Senate voted to pass the capital formation deregulation bill, colloquially known as the JOBS Act, but not before adding an amendment to increase the regulations on crowdfunding from the House version. This change only served as a small speed bump, as it sent the bill back to the House which is expected to pass the bill again by a wide margin early this week, before sending the bill to the President. Given that the President had asked Congress to pass the bill, it will be interesting to see whether he holds a signing ceremony, which could potentially put him in the politically tricky situation of having to congratulate the so-called “do nothing” Congress he is trying to run against.

Please see full issue below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Mintz Levin - Public Finance Matters | Attorney Advertising

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