Federal Reserve Board
Federal Reserve Board finalizes a rule establishing capital requirements for insurers supervised by the Board
October 6, 2023
The Federal Reserve Board finalized a rule establishing capital requirements for insurers supervised by the Board.
Federal Agencies
U.S. Department of the Treasury
U.S. Department of the Treasury, IRS Release Guidance to Expand Access to Clean Vehicle Tax Credits, Help Car Dealers Grow Businesses
October 6, 2023
The U.S. Department of the Treasury and the Internal Revenue Service released guidance that will lower costs for consumers and help car dealers grow their businesses by increasing access to Inflation Reduction Act credits at point of sale for new and previously owned clean vehicles.
Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at the U.S.-Mexico High-Level Security Dialogue
October 5, 2023
U.S. Department of the Treasury Under Secretary for Terrorism and Financial Intelligence Brian Nelson gave remarks at the U.S.-Mexico high-level security dialogue.
Federal Reserve Bank of New York
Report: The Good, the Bad, and the Ugly of International Debt Market Data
October 6, 2023
The Federal Reserve Bank of New York published a staff report entitled, "The Good, the Bad, and the Ugly of International Debt Market Data."
Nowcast – Week of October 6, 2023
October 6, 2023
The Federal Reserve Bank of New York staff released the Nowcast for the week of October 6, 2023.
Commodity Futures Trading Commission
Keynote Remarks of Commissioner Kristin N. Johnson at Rice University's Baker Institute for Public Policy Annual Energy Summit
October 5, 2023
Commodity Futures Trading Commission Commissioner Kristin N. Johnson gave keynote remarks at Rice University's Baker Institute for Public Policy Annual Energy Summit entitled, "Credibility, Integrity, Visibility: The CFTC's Role in the Oversight of Carbon Offset Markets."
U.S. Department of Labor
Jobs Report – September 2023
October 6, 2023
The U.S. Bureau of Labor Statistics released the Employment Situation report for September 2023.
International
Bank of England
Minutes of the Meeting of the Court of Directors – July 2023
October 6, 2023
The Bank of England released the minutes of the Court of Directors meeting held on July 5 and 6, 2023.
Minutes of the UK Money Markets Code Sub-Committee – September 2023
October 6, 2023
The Bank of England released the minutes of the Money Markets Committee Code Sub-Committee meeting held September 6, 2023.
Administration Changes
Vacancies
Office of the Comptroller of the Currency
- Comptroller – Vacant (Michael Hsu serves as Acting Comptroller)
Appointments/Confirmation Hearings
U.S. Department of the Treasury – Janet Yellen (effective January 26, 2021)
Federal Reserve Board – Jerome H. Powell (effective May 23, 2022)
- Vice Chair Phillip N Jefferson (sworn in September 13, 2023)
- Vice Chair for Supervision Michael Barr (sworn in July 19, 2022)
- Governor Michelle W. Bowman (sworn in November 26, 2018)
- Governor Christopher J. Waller (sworn in December 18, 2020)
- Governor Lisa D. Cook (sworn in September 13, 2022)
- Governor Adriana D. Kugler (sworn in September 13, 2023)
Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)
Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)
Federal Deposit Insurance Corporation – Martin Gruenberg (effective January 5, 2023)
- Vice Chairman Travis Hill (sworn in January 5, 2023)
- Director Jonathan McKernan (sworn in January 5, 2023)
- Director Michael Hsu (Acting Comptroller of the Currency)
- Director Rohit Chopra (Director of Consumer Financial Protection Bureau)
Office of the Comptroller of the Currency – Michael Hsu (acting Comptroller, effective May 10, 2021)
Securities and Exchange Commission – Gary Gensler (effective April 17, 2021)
Commodity Futures Trading Commission – Rostin Behnam (effective December 17, 2021)
Consumer Financial Protection Bureau – Rohit Chopra (effective October 12, 2021)
National Credit Union Administration – Todd M. Harper (effective January 20, 2021)
Small Business Administration – Isabella Casillas Guzman (effective March 16, 2021)
U.S. Department of Housing and Urban Development – Marcia Fudge (effective March 10, 2021)
Federal Housing Finance Agency – Sandra L. Thompson (effective June 22, 2022)
U.S. Department of Education – Dr. Miguel Cardona (effective March 2, 2021)
Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)
PH Client Alerts
Click here to read more from our Coronavirus series.
Legislation/Legislative Updates
Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act"), Enacted March 27, 2020.
Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.
Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.
Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.
Click here to view the full text of the American Rescue Plan of 2021, Enacted March 11, 2021.
Click here to view the full text of the PPP Extension Act of 2021, Enacted March 30, 2021.
Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.
