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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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."
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.
The Treasury Department finalized regulations implementing the Foreign Investment Risk Review Modernization Act of 2018.
In testimony before the Senate Committee on Banking, Housing and Urban Affairs, SEC Chair Jay Clayton described progress on the agency's FY 2019 initiatives.