House Financial Services Subcommittee Chair Blaine Luetkemeyer (R-MO) requested information from the SEC and FINRA on their efforts to address "serious" national security issues raised by broker-dealers that have ownership connections to the Chinese Communist Party.
House Financial Services Committee Chair Patrick McHenry (R-NC) led Republican committee members in urging the SEC to not finalize any new regulation until evaluating the aggregate impact of interconnected proposals regarding private funds, equity market structure and corporate governance.
The SEC set an effective date for Privacy Act amendments of October 26, 2023. The effective date was published in the Federal Register.
Senators Elizabeth Warren (D-MA), Bernie Sanders (I-VT), Martin Heinrich (D-NM), Ed Markey (D-MA), Sheldon Whitehouse (D-RI) and Jeff Merkley (D-OR) questioned Treasury on its efforts to "[leverage] finance and financial risk mitigation to confront the threat of climate change."
FDIC Vice Chair Travis Hill expressed concern that "an overreaction is underway" from regulators in response to the bank failures in March 2023.