The U.S. House Financial Services Committee considered proposed legislation in response to the GameStop and Archegos trading events.
News & Insights
Senator John Kennedy (R-LA) introduced the "Protecting Investors' Personally Identifiable Information Act." The legislation would exclude personally identifiable information from Consolidated Audit Trail reporting requirements.
In a second hearing on the subject, the U.S. House Financial Services Committee considered reform recommendations from capital market experts on regulatory questions arising from the GameStop trading event.
The U.S. Senate Banking, Housing and Urban Development Committee considered testimony on the recent "tech-induced" stock market volatility involving GameStop.
A number of key players in the recent events that led to a short squeeze of stocks involving GameStop, AMC and KOSS testified before the U.S. House Financial Services Committee.