In a letter to SEC Chair Gary Gensler, five Republican members of the Senate Banking Committee challenged the basis for four new rule proposals targeting U.S. equity market reform.
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A bipartisan group of 47 members of Congress urged SEC Chair Gary Gensler to extend the comment period on its Private Funds Advisers and Form PF proposals to at least 90 days post-publication in the Federal Register.
Senators Jeff Merkley (D-OR), Raphael Warnock (D-GA) and Sherrod Brown (D-OH) introduced a bill that would prohibit members of Congress from trading securities, commodities and futures.
The House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets examined several proposed bills concerning the current exempt offering framework in private securities markets.
The House Financial Services Committee approved six bills intended to enhance capital formation.