Financial Services Legislative And Regulatory Update -- April 2, 2012


In This Issue:

Leading the Past Week; Legislative Branch; House of Representatives; Executive Branch; and CFTC.

Excerpt from Leading the Past Week

The great hope for a continued bipartisan renaissance, started the week with a bang, as the House overwhelming passed legislation intended to loosen the regulations for companies seeking access to capital, but then ended with a whimper as Congress was unable to bridge partisan differences over a transportation funding bill and were forced to pass yet another short term extension. However, it might be too soon to officially declare this resurgence quashed, and with increasing signals of a potential Dodd-Frank corrections bill on the horizon, the scope of which has yet to be determined, any effort to modify Dodd-Frank will require real bipartisan deal making to get to the President?s desk. With both Houses out of town for the next two weeks, it will be interesting to see how, if at all, the extended time back in the State/district impacts these issues. Counterbalancing corrections efforts, we saw key Regulators announce that the controversial swap push-out rule would go into effect as of July 16, 2013. Despite this, many view the implementation of the law as inconsequential, if not actually helpful, to legislative efforts to “correct” it.

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.

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