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August 11, 2011 The U.S. Senate is expected to move quickly in September to approve the nomination of Mark Wetjen as a Democratic commissioner at the U.S. futures regulator, a move that could prove crucial as the agency implements a range of sweeping new Wall Street reforms. The earliest the full Senate could move to confirm Wetjen was Sept. 6 when it returns from a nearly month-long recess. The 37-year-old Wetjen would replace outgoing Commissioner Michael Dunn, a Democrat known as an independent voice on the CFTC, which has two Republican commissioners and two Democratic commissioners

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In a letter addressed to SEC Chair Mary Jo White, a group of 44 senators expressed their support for a petition of rulemaking that would require public companies to disclose their political spending to shareholders pursuant to Section 14 of the Securities Exchange Act. The letter conveyed the senators' opinion that "because shareholders are the true owners of the corporation, a public company should be required to disclose to its owners how their money is being spent." The senators observed that the SEC has received "more than 1 million public comments" supporting the petition, including

The American Council of Life Insurers ("ACLI") submitted a statement to the House Financial Services Housing and Insurance Subcommittee regarding a hearing titled "The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers." According to ACLI, the Board of Governors of the Federal Reserve System ("FRB") is developing insurance capital standards that are "likely to have significant impacts on life insurance companies and the families who depend on them for financial and retirement security." ACLI stated that, in order to ensure the best outcome for policyholders