The U.S. House Committee on Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets considered oversight and disclosure legislation concerning China-based corporate issuers.
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House Financial Services Committee Chair Maxine Waters urged the SEC to rescind "harmful" proposed reporting amendments for institutional investment managers.
U.S. Representatives Carolyn B. Maloney (D-NY) and Patrick McHenry (R-NC) introduced a bill that would require all eight U.S. financial regulators to enact a set of data collection and dispersion standards for reported information.
Representative Blaine Luetkemeyer (R-MO) introduced a bill to prohibit federal financial regulators from requiring compliance with a new accounting standard related to current expected credit loss.
The Senate Agriculture Committee met to consider the nominations of Republicans Brian D. Quintenz and Dawn DeBerry Stump, and Democrat Rostin Behnam, to serve as CFTC Commissioners.