The Federal Reserve Board encouraged financial institutions to participate in Small Business Administration and Treasury Department programs enacted made available under the Coronavirus Aid, Relief, and Economic Security Act.

The CFTC warned of an increase in fraud targeting individuals who recently lost their jobs due to the coronavirus pandemic.

SEC Commissioner Allison Herren Lee advised the SEC to extend comment deadlines and weigh enforcement actions carefully in light of the altered economic and social landscape.

SEC Commissioner Hester M. Peirce recommended modifying the regulatory framework for exempt securities offerings in order to help small businesses raise money.