Financial Services Legislative and Regulatory Update -- December 9, 2013

In This Issue:

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

Excerpt from Leading the Past Week -

While the Senate was on recess, the House was in, but staffs from both budget committees were hard at work trying to put together a budget deal. By the end of the week, rumors were circulating that a deal that would modestly raise the $967 billion discretionary spending level under the sequester by $34 billion to $1.001 trillion for FY2014, with the increase being distributed evenly across domestic and defense spending. While this would still be a decrease in defense spending from the last fiscal year, it would be $17 billion more than anticipated under FY2014 sequester levels.

Please see full issue below for more information.

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Written by:

Published In:

OCC
SEC
Tax

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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