House passes capital formation package
The House passed a package of capital markets bills that included ABA-supported provisions on SEC reporting thresholds and 403(b) retirement plans.
The House passed a package of capital markets bills that included ABA-supported provisions on SEC reporting thresholds and 403(b) retirement plans.
The Securities and Exchange Commission voted approve new climate disclosure requirements for publicly traded companies.
In a joint letter, ABA and three financial services trade associations asked the Securities and Exchange Commission to revisit a two-year-old agency policy on safeguarding cryptoassets.
The SEC’s proposed greenhouse gas emissions reporting rule could unintentionally result in increased costs and reporting burdens on small banks and their customers, ABA said.
Malicious actors have become more sophisticated, more pervasive and more opportunistic.
In a letter to Senate leaders, ABA expressed support for a Senate joint resolution expressing congressional disapproval of the SEC’s cyber incident disclosure rule, saying the requirement puts banks at risk of being targeted by criminals and other malicious actors.
The FBI has issued guidance for publicly traded companies on how to request a delay in public disclosure of a cyber incident under the SEC’s disclosure rule if the incident poses a national security or public safety risk.
The Republican and Democratic leaders of two House subcommittees asked banking regulators to review the Security and Exchange Commission’s proposed rule for safeguarding advisory client assets and determine whether it conflicts with their regulatory powers.
A proposed Securities and Exchange Commission rule to prohibit conflicts of interest in certain securitizations would harm families by increasing the cost and reducing the availability of financing across the economy, a bipartisan group of 21 House lawmakers said.
ABA expressed support for a House bill that would prohibit the SEC and federal banking agencies from requiring banks to include assets held in custody or safekeeping as a liability on the institution’s balance sheet.