U.S. Senators John Hickenlooper (D-CO) and Thom Tillis (R-NC) introduced a bipartisan bill that would require the SEC to propose rules allowing regulated entities to deliver regulatory documents to investors using electronic delivery.
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Senate Committee on Health, Education, Labor and Pensions Ranking Member Bill Cassidy (R-LA) and House Committee on Education and the Workforce Chair Virginia Foxx (R-NC) opposed an SEC proposed rule on open-end mutual fund liquidity risk management programs and swing pricing, warning of potentially devastating consequences for U.S. retirement savers.
Republican members of the U.S. Senate Banking Committee released a discussion draft of proposed legislation "to help accelerate economic growth and spur new business formation."
The U.S. House Financial Services Committee passed the "Financial Exploitation Prevention Act of 2021," a bill which would allow an investment company to postpone the redemption of securities when it suspects possible financial exploitation of a specified adult.
The U.S. Senate Financial Services Committee considered five bills, which would mandate that regulated entities disclose "diversity data".