Early reaction to the SEC’s proposed disclosure rule on climate risk suggests significant disagreement among government officials and trade groups.
News & Insights
The U.S. House Committee on Financial Services marked up and passed bills on special purpose acquisition companies, broker-dealer and investment adviser mandatory arbitration clauses in customer agreements, and hiring practices.
The U.S. House Committee on Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets considered oversight and disclosure legislation concerning China-based corporate issuers.
The U.S. House Financial Services Committee considered legislation to expand and reinforce the SEC's authority to pursue its "mission [] to (1) protect investors; (2) maintain fair, orderly, and efficient markets; and (3) facilitate capital formation."
In letters to six special purpose acquisition companies, Senators Elizabeth Warren (D-MA), Sherrod Brown (D-OH), Tina Smith (D-MN) and Chris Van Hollen (D-MD) expressed concerns over "misaligned" investor and sponsor interests under the SPAC structure.