Saturday - April 4, 2020
Federal Regulatory Agencies

News releases, reports, statements and associated documents from federal regulatory agencies ranging from the Securities Exchange Commission to the Commodities Futures Trading Commission

Featured Stories

Special Meeting of the SEC Chairman Clayton Small Business Capital Formation Advisory Committee Remarks
WASHINGTON, April 3 -- The Securities and Exchange Commission issued the following remarks by Chairman Jay Clayton on April 2:

We are facing an unprecedented national challenge--a health and safety crisis that has required all of us, for our own sake, the sake of our families and friends, and in fact the sake of all Americans, to significantly change our daily behavior. Many have made difficult personal sacrifices, and there have been many heroes in our collective fight against this virus--including our first responders, healthcare professionals, those who support them, and those who come to work ... Show Full Article

SEC Chairman Clayton: Special Meeting of the Investor Advisory Committee
WASHINGTON, April 3 -- The Securities and Exchange Commission issued the following remarks by Chairman Jay Clayton on April 2:

I would like to thank you and your fellow Committee members for your prompt response to my request to hold a special meeting of the Investor Advisory Committee. You have assembled an impressive array of participants in a short time.

The purpose of this meeting is to hear from our Committee members and their invited guests regarding market- and investment-related issues facing our retail investors--our Main Street investors--as we collectively tackle the unprecedented ... Show Full Article

Remarks at Special Meeting of the SEC Commissioner Peirce Small Business Capital Formation Advisory Committee
WASHINGTON, April 3 -- The Securities and Exchange Commission issued the following remarks by Commissioner Hester M. Peirce at the special meeting of the Small Business Capital Formation Advisory Committee:

Thank you Carla [Garrett] for calling this ad hoc committee meeting. COVID-19 has up-ended everything about our lives in the last month. The temporary shutdown of the economy is particularly difficult for many small businesses, which are being forced to shut their doors, let employees go, and perhaps even completely cease operations. Cooperation, creativity, and flexibility can help us get ... Show Full Article

Investors Remain Front of Mind at the SEC Chairman Clayton: Approach to Allocation of Resources, Oversight and Rulemaking
WASHINGTON, April 3 -- The Securities and Exchange Commission issued the following statement by Chairman Jay Clayton on April 2:

* * *

- Implementation of Regulation Best Interest and Form CRS

* * *

Over 57 million American households are invested in our securities markets. The interests of these individuals--our long-term Main Street investors--are the lens through which we evaluate whether we are effectively advancing the SEC's mission. The 4,500 women and men of the SEC are committed to these investors and the integrity of our markets. The uncertainties caused by COVID-19 have not changed ... Show Full Article

FDIC: New SBA and Treasury Programs Available for Small Business Relief
WASHINGTON, April 3 -- The Federal Deposit Insurance Corporation issued the following financial institution letter (No. FIL-33-2020):

Summary:

The FDIC is advising financial institutions of multiple forms of relief available in the Coronavirus Aid, Relief, and Economic Security (CARES) Act to small businesses through programs administered by the Small Business Administration (SBA). The U.S. Department of the Treasury (Treasury) also offers small business loan programs. The FDIC encourages financial institutions to consider using these programs in a prudent manner as they actively work with small ... Show Full Article

Carr Statement: FCC Fights Coronavirus With $200 Million
WASHINGTON, April 3 -- The Federal Communications Commission issued the following statement on April 2 by Commissioner Brendan Carr:

* * *

- Adopts Long-Term Connected Care Study

* * *

Re: Promoting Telehealth for Low Income Americans, WC Docket No. 18-213; COVID-19 Telehealth Program, WC Docket No. 20-89.

Since joining the Commission, I have spent a lot of time outside of D.C. I can think of no better way to inform the work we do here at the FCC than to hear directly from the Americans we serve in their own communities. Few trips have made as much of an impression on me as the time I spent ... Show Full Article

CFTC, 4 Agencies Will Consider Comments on Volcker Rule Modifications Following Expiration of Comment Period
WASHINGTON, April 3 -- The Commodity Futures Trading Commission issued the following news release with four agencies - Federal Reserve Board, Federal Deposit Insurance Corporation, Office of Comptroller of the Currency and Securities and Exchange Commission:

Five federal financial regulatory agencies on Thursday announced that they will consider comments submitted before May 1, 2020, on their proposal to modify the Volcker rule's general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds--known as "covered funds."

The agencies will continue to consider ... Show Full Article