We acknowledge that this might not be good beach reading. However, we thought that it would be useful to assess the state of proposed reforms since the release of the Obama Administration’s White Paper on June 17th.

With the Congressional summer recess only days away, we suspect that the “status report” that is attached to this update will not become stale for at least a little while. Detailed client alerts on each of the aspects of the regulatory reform initiatives are available on our Regulatory Reform website.

It is impossible to predict whether the proposed legislation summarized below will be adopted as law. It is likely that the proposals will continue to be the subject of debate for the next several months before final legislation is proposed and adopted.

Please see full bulletin for more information.