The Agencies

CFTC Reauthorization (Apr. 12)  

Mike & Co. — The WSJ reported this afternoon that federal regulators are preparing to inform at least half of the nation’s eight systemically important banks that their living wills, the documents that dictate their bankruptcy plans, are not adequate. For these firms, such an announcement would have many effects, from requiring that they go …

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DOL Fiduciary Rule, Pt. 1 (Apr. 5)

Mike & Co. — Tonight, fingers crossed for the Secretary in the Badger State. Tomorrow, Labor Secretary Perez will release the final version of the long awaited DOL Fiduciary Rule, ending a long slog toward placing fiduciary responsibilities on myriad investment brokers.  The winners and losers of the Rule aren’t always clear, but one thing …

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Ex-Im Reauthorization (Oct. 30)

Mike & Co., The busiest week of the session so far was John Boehner’s last as Speaker.  Amid the speakership transition, several big-ticket fiscal and financial items moved.  What happened and where they stand, ex. the budget, in brief roundup below.  As always, contact me for clarification, elaboration, etc.   Great weekends all and let’s …

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Ex-Im Reauthorization (Oct. 26) 

Mike & Co. — The House voted 246-177 tonight in favor of a discharge petition setting up a final House vote tonight orTuesday on reauthorizing the Export-Import Bank, a rare parliamentary maneuver to force the agency’s proposed resurrection onto the House floor, over the opposition of conservative Republicans. If the Bank is ultimately revived, it would mark just the third time in …

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SEC Nominations (Oct. 20)

Mike & Co. — Wheels are in motion on almost every major front right now in Congress, with Paul Ryan announcing tonight that he is a to serve as a unity candidate for Speaker, if all the major caucuses of the House Republican conference endorse him.  He is giving the conference until this Friday to decide whether it is …

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TPP/Currency Manipulation (Oct. 15)

Mike & Co. — Little action to report this recess week on the Hill but there was a signal “district work period” development.  Speaker Boehner’s chief of staff told a Ripon Society meeting that Congress was unlikely to move on the massive trade package until a late 2016 lame-duck session.  The policy director for Senate Majority …

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Ex-Im Update (Oct.  9)

Mike & Co. —  After another week of surprises and certainty — or “chaos” — surrounding the future of the House GOP leadership, right before members left for a week’s recess, came a major unexpected boost for Ex-Im reauthorization today.  Good long weekends all,  Dana ———- Ex-Im Update — a Tree Grows in Brooklyn You …

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The Fiduciary Rule (Oct. 1)

Mike and Co., Welcome to FY 2016.  The deficit for this year is expected to be about 70 percent lower than it was in FY 2009. The week saw a CR approved with major leadership consequences but nothing resolved on the policy front. It also saw House Financial Services Committee Democrats split on a bill to …

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