The effort to roll back the Dodd-Frank Act continues in the House this week. The House Financial Services Committee (HFSC) is scheduled Sept. 13 to consider the Financial CHOICE Act—H.R. 5983—which has been dubbed the “Republican alternative” to Dodd-Frank.
The Financial CHOICE Act would, among other measures, repeal Dodd-Frank's Title II orderly liquidation authority, which authorizes the Federal Deposit Insurance Corp. to borrow from the Treasury to lend to a failing firm, buy its assets, guarantee its obligations and pay off its creditors.
Analysts don't believe the bill, sponsored by Chairman Jeb Hensarling (R-Texas), will make it through Congress. Instead, they see the Financial CHOICE Act as a platform for Dodd-Frank foes next year.
In other Dodd-Frank rollback news, the House passed a bill Sept. 9 that would reduce private equity firms’ registration and disclosure requirements. H.R. 5424 would lessen restrictions on advertising and exempt private equity funds from publishing certain details about the assets in their portfolios, currently required by the Securities and Exchange Commission’s Form PF. The Dodd-Frank Act requires private equity funds with more than $150 million under management to register with the SEC.
Finally, the HFSC’s Capital Markets subcommittee hearing on the SEC's shareholder proposal process, originally scheduled for Sept. 9, has been postponed to a later date that hasn't yet been determined.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)