The Congressional appropriations bill signed into law on March 23, 2018 includes a provision that will amend rules applicable to business development companies.
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On the anniversary of the passage of the Dodd Frank Act, Financial Services Committee Chair Jeb Hensarling argued that "[i]nstead of ending 'too big to fail,' Dodd-Frank has created 'too small to succeed.'"
The House Financial Services Committee examined capital requirements under the proposed "CHOICE" Act. The Republican-proposed legislation offers a "market-based, equity financed Dodd-Frank off-ramp."
Senator Sherrod Brown urged the SEC to finalize its recently proposed rules concerning liquidity risk for open-end funds and derivatives use by investment companies.
House Financial Services Committee Chair Jeb Hensarling (R-TX) released an executive summary of the "Financial CHOICE Act," a Republican plan to replace the Dodd-Frank Act.