House Financial Services Committee members David Scott and Barry Loudermilk drafted legislation to strengthen the SEC’s data-protection standards for sensitive, nonpublic proprietary information obtained from investment advisers.

SEC Commissioner Mark T. Uyeda urged expanding 401(k) access to private markets, warning that current limits leave workers with a "diversification deficit."

SEC Commissioner Mark T. Uyeda criticized requiring corporate issuers to provide sustainability reporting, warning against financial regulators functioning as policy activists by mandating disclosures that are not materially relevant to investors.

Federal Reserve Governor Lisa D. Cook described concerning vulnerabilities that warrant close monitoring, including rising asset valuations, rapid private credit growth, and hedge funds’ increasing role in Treasury trading.

The Senate Agriculture Committee advanced the nomination of Michael Selig to be Chair of the Commodity Futures Trading Commission.