The Government Accountability Office reviewed SEC compliance with the requirements of the Administrative Procedure Act and other various statutory requirements in connection with the adoption of a rule on investment company names.
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CFTC Commissioner Summer K. Mersinger described current regulatory challenges in the energy and power markets, emphasizing the difficulty that regulators face in dealing with new technology under rules and regulations adopted before these advances are made.
Senate Banking Committee Ranking Member Senator Tim Scott (R-SC) and 10 other Republican Senators urged Treasury and the Office of the U.S. Trade Representative to examine the impact of Chinese Communist Party payment networks on the U.S. financial system.
House Financial Services Committee Chair Patrick McHenry (R-NC) and Subcommittee Chair Andy Barr (R-KY) asked GAO to evaluate the role played by each federal banking agency in developing new capital standards consistent with the Basel Committee on Banking Supervision.
The CFTC Division of Enforcement provided additional guidance to staff when proposing resolutions in enforcement actions. The guidance is intended to ensure resolutions that achieve deterrence and minimize future misconduct.