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.
Regulation
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.
2nd Circuit Dismisses Pension Complaint Over Teamsters’ Private Equity Allocations
The court affirmed a New York district court’s ruling that the pension plan’s investment strategy did not constitute a fiduciary breach.
Senate Committee Approves Michael Selig After CFTC Confirmation Hearing
The nominee mostly avoided responding to questions that focused on the commission’s limited resources as it attempts to tackle prediction markets and cryptocurrencies.
SEC Grants Dimensional Approval to Launch ETF Share Classes
The agency signaled its approval in September, but the official verdict was delayed because of the government shutdown.
Economic Data to Resume as Government Shutdown Nears End
Once the U.S. government reopens, much-anticipated jobs reports and inflation updates will provide crucial insights.
Investors, Pension Funds Blast SEC’s Green Light for Forced Arbitration
More than 60 institutional investors managing a combined $8 trillion wrote a letter strongly opposing the Securities and Exchange Commission’s position.