A group of Republican Senators led by Senator Mike Lee (R-UT) asked FERC for information on whether index investment funds making investments in public utilities were truly passive or were attempting to influence the management of the utility companies to pursue a climate agenda.
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Representative Andy Ogles (R-TN) joined several Republican House members urging the CFPB to rescind a proposal to establish a nonbank registry and require financial institutions to register with the CFPB.
At a Senate Banking Committee hearing, Ranking Member Pat Toomey (R-PA) raised numerous concerns about the proposed "National Critical Capabilities Act," also known as "outbound CFIUS."
A bipartisan group of 47 members of Congress urged SEC Chair Gary Gensler to extend the comment period on its Private Funds Advisers and Form PF proposals to at least 90 days post-publication in the Federal Register.
The OCC "true lender rule" was removed from the Code of Federal Regulations, effective immediately.