The Democratic Caucus approved Representative Maxine Waters (D-CA) to serve as House Financial Services Committee Chair in the 116th Congress.

The SEC requested feedback on a draft schema and technical specifications pursuant to the recently adopted Transaction Fee Pilot for National Market System Stocks.

The SEC updated the Electronic Data Gathering, Analysis and Retrieval System ("EDGAR") Filer Manual to incorporate changes aimed at "clarifying and streamlining" the Filer Manual.

The MSRB proposal to improve the information facility for the Electronic Municipal Market Access System was published in the Federal Register.

ISDA summarized the final results of a consultation (the "Consultation") related to new benchmark fallbacks for derivative contracts that reference certain interbank offered rates ("IBORs"). As previously covered, the Consultation requested feedback on alternatives for adjusted risk-free rates ("RFRs") and spread adjustments that would apply to derivatives contracts referencing an IBOR in the event such IBOR is permanently discontinued. The report, which was prepared for ISDA by The Brattle Group, affirmed the preliminary findings ISDA published in November. ISDA concluded that (i) the