Financial Services Legislative and Regulatory Update -- October 21, 2013

In This Issue:

Leading the Past Week; Legislative Branch; Executive Branch; Miscellaneous; and Upcoming Hearings.

Excerpt from Leading the Past Week -

On October 16th, 16 days after the government shut down and on the eve of the a potential default, Congress was able to pass a deal developed by Senate leaders to reopen the government and raise the debt ceiling. The final tally had Senate passage occurring on an 81 to 18 vote early in the evening, and then the House voting afterwards, where it passed on a 285 to 144 vote. The resolution of this self-inflicted crisis, may lead some to invoke the famous words of Gerald Ford, while others wonder what happens when we reach the next bump in the road in the middle of the Q1 next year.

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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