Financial Services Legislative And Regulatory Update -- December 10, 2012

Explore:  Fiscal Cliff

In This Issue:

Leading the Past Week; Fiscal Cliff; Legislative Branch; House of Representatives; Executive Branch; and Upcoming Hearings.

Excerpt from Leading the Past Week:

Despite the fact that President and the Speaker apparently met yesterday, the week concluded with no apparent progress for a deal on the fiscal cliff, and each passing day only heightens the probability that the country will “go over.” The stalled debate this past week was juxtaposed against another positive jobs growth report on Friday but there seems to be a growing consensus that the uncertainty emanating out of our nation’s Capital is going to eventually harm the country’s economic confidence.

Late last week, Senate Leader Harry Reid set in motion the debate to extend full deposit insurance for banks, and the issue, which galvanized banks, credit unions and money market funds, will come to a head this afternoon. In addition to dealing with current issues, we continue to learn the make-up of the key committees for next year, as both sides made announcements. Although not formally confirmed, it appears that Senators-elect Warren and Haitkamp, along with Joe Manchin will be joining the Senate Banking Committee next year.

Please see full issue below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

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

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.