SEC’s Atkins Backs Digital Clarity Act at Senate Banking Hearing
According to the chair, the joint SEC-CFTC ‘Project Crypto’ will provide a regulatory bridge with token taxonomy while legislation is pending.
Regulation
Senate Committee Advances Digital Asset Market Structure Bill in Party-Line Vote
Democratic opposition appears likely to hold up the legislation as it moves forward.
Iowa Proposes Tax on In-State Universities’ Endowments
Tax revenue would flow into a state treasurer-administered fund to provide tuition grants.
DOL Amicus Brief Sides With Lockheed in PRT Complaint
The department stated that the plaintiffs lack standing and insisted that litigation negatively effects defined benefit plans.
SEC’s Lone Democrat, Caroline Crenshaw, Departs
Her exit leaves the five-member panel with only three commissioners, all Republicans.
Senate Confirms Selig as CFTC Chair, Hill as FDIC Chair
The new Commodity Futures Trading Commission head promised to stop ‘regulation by enforcement’ in a congressional hearing prior to his confirmation.
Senate Passes $900B Defense Bill That Restricts Investment in China
The restrictions include barring U.S. investors from backing companies tied to the Chinese military and economy.
Trump Issues Executive Order Seeking to Curb Proxy Advisers’ Influence
The president specifically criticized the firms with the highest market share, Institutional Shareholder Services Inc. and Glass, Lewis & Co.
House Passes Bill Aiming to Boost IPOs, Strengthen Market Transparency
The legislation combines more than 20 measures that advanced out of committee.
US House Passes $900B Defense Bill, Tightening Controls on Investments Into China
Despite the restrictions, the U.S. has allowed Nvidia to sell its H200 AI chips to China under a deal that includes a 25% cut for the government.
Pension Sponsors Can Submit 2 New Forms Through PBGC Filing System
The online portal now includes standard termination filings and coverage determination requests.
Defense Bill Would Restrict US Investment in China
Set to be voted on in both houses, the legislation includes provisions that would bar US investments to the Chinese military and economy.
Treasury, IRS Clarify Trump Account Intent, Limits
Billionaires Michael and Susan Dell pledged $6.25 billion to support the initiative aimed at providing an estimated $250 each to 25 million children.
Legislative Package Seeks to Improve Market Disclosures, Encourage IPOs
The bill includes more than 20 measures that have already advanced out of committee.
SEC Chair Atkins Argues to Reform Company Disclosure Requirements
The change would be one of three pillars on which the first-year chair intends to base attempts to deregulate financial markets.