Climate Risk Disclosure Act Reintroduced in Congress
Democrats today reintroduced the Climate Risk Disclosure Act, bill that would require public companies to make disclosures about their exposure to climate-related risks.
Browsing: Policy
Senate Confirms Gensler as SEC Chairman
By a vote of 52 to 45 today, the Senate confirmed Gary Gensler to serve as chairman of the Securities and Exchange Commission.
Treasury Establishes New Office of Recovery Programs
The U.S. Treasury today announced the creation of the Office of Recovery Programs to administer economic relief and recovery programs.
ABA Urges SEC to Reform MMFs Without Focusing on Regulated Banks
In a comment letter today, ABA told the Securities and Exchange Commission that any reform of money market funds should not focus on regulated banks, which have been a source of strength during the pandemic.
Biden to Seek Additional Funding for FinCEN’s Beneficial Ownership Database
President Biden is seeking a $191 million in funding for the Financial Crimes Enforcement Network—a $64 million increase from FY 2021—according to the FY 2022 budget released by the White House today.
Appellate Court Finds Websites Not Covered Under ADA, Sets Up Circuit Split
Websites are not considered “places of public accommodation” under the Americans with Disabilities Act, according to a ruling this week from a three-judge panel of the 11th Circuit U.S. Court of Appeals.
SBA Issues Notice Extending PPP; Clarifies Eligibility for Borrowers in Bankruptcy
The Small Business Administration last night issued a procedural notice to lenders regarding the extension of the Paycheck Protection Program.
IRS Sends 25 Million Economic Impact Payments
The Internal Revenue Service said today that it has issued another 25 million economic impact payments with a value of more than $36 billion in the fourth batch of payments.
FSB Developing Roadmap to Coordinate Work on Climate-Related Financial Risks
The Financial Stability Board is in the process of building a “roadmap” to coordinate work being done on climate-related financial risks, FSB Chair and Federal Reserve Vice Chairman for Supervision Randal Quarles wrote in a letter to G-20 finance ministers today.
FEMA Unveils Changes to NFIP Pricing Methodology
The Federal Emergency Management Agency today announced sweeping changes to the National Flood Insurance Program that will fundamentally alter the way it prices insurance and determines an individual property’s flood risk.