In testimony before the Senate Banking Committee, witnesses warned against the dangers of excessive concentration in banking, increased systemic risk resulting from bank mergers, and threats to small business.

The House Financial Services Committee considered testimony from witnesses advocating against the inclusion of ESG proposals or non-material economic matters in the shareholder-proposal process.

CFTC staff extended temporary no-action relief for bank swap dealers from certain financial reporting requirements.

The CFTC Market Participants Division granted no-action relief to a company that acquires biopharmaceutical royalty interests and enters into foreign exchange derivatives for the purpose of hedging FX risk.

In an amici curiae brief filed in the Supreme Court, 132 members of the United States Congress, including 99 Representatives and 33 Senators, urged the Justices to uphold a Fifth Circuit Court’s determination that the CFPB’s funding structure is “unconstitutional.”