U.S. House Financial Services Committee members reintroduced a bill that would block states from imposing financial transaction taxes on, among other securities industry participants, stock exchanges and broker-dealers.
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Members of the Alternative Reference Rates Committee and other market participants urged Governor Andrew Cuomo, Senate Majority Leader Andrea Stewart-Cousins and New York State Assembly Speaker Carl Heastie to support the adoption of a legislative proposal intended to help facilitate the transition away from LIBOR.
Representative Peter DeFazio introduced legislation that would levy a 0.03% tax on stock, bond and derivatives transactions in order to "discourage the same speculative financial trading that led to the 2008 Wall Street collapse and 2010 'Flash Crash.'"
Forty-five members of Congress signed a letter urging the Department of Treasury Committee on Foreign Investment in the United States to conduct a "full and rigorous" investigation into the potential acquisition of the Chicago Stock Exchange by Chinese company Chongqing Casin Enterprise Group.
The CFTC issued a notice soliciting comments about the collection of information from derivatives clearing organizations ("DCOs"). Information collection from DCOs is required under Part 39 of the CFTC rules, which establishes risk management requirements and registration procedures for DCOs. The CFTC stated that it intends to use the information in this proposed collection to assess compliance by DCOs and DCO applicants. Comments are due by April 29, 2015. See: CFTC Notice (80 FR 16643) .