In their statement supporting adoption of the new requirements, Chair Khan and Commissioner Slaughter seem reluctant to acknowledge that the costs the requirements will impose on small firms are not proportionate to the costs on larger firms. According to the Commissioners, "financial institutions with smaller and simpler systems may determine that minimal procedures are required" and that the "record contains significant evidence that there are free and low-cost solutions for smaller…

FDIC Chair Jelena McWilliams' remarks on digital assets are notable. They are, perhaps, the most favorable statements on stablecoins issued by a member of the Biden administration.

As provided in , the purpose of FSOC is to "identify risks to the financial stability of the United States." While FSOC studies up on climate, FSOC ought not to lose sight of traditional financial risk concerns, including, for example, energy prices. Here are some recent links to releases by the U.S. Energy Information Administration ("EIA") concerning energy price risk on the U.S. economy: ; ; ; ; . See also, e.g., CNBC, ; Euronews, . There is no question that higher energy prices have a…

A carbon tax, whatever the benefits may be, is within the purview of legislators. Regulatory agencies have more than enough to do just focusing on matters that fall within their jurisdiction.