US Public Policy Developments in the Financial Services Sector

    View Author May 2015
    This week in Washington DC has been a particularly busy one for policymakers in the financial services sector. Most significantly, Senate Banking Committee Chairman Richard Shelby (R-AL) introduced a sweeping legislative package of financial regulation reform. In addition to Chairman Shelby’s long-anticipated first salvo, it is a week full of hearings at the House Financial Services Committee, as well as meetings of both the Securities and Exchange Commission’s (SEC) Equity Market Structure Advisory Committee and Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee. Additionally, the House Agriculture Committee noticed a markup of legislation to reauthorize the Commodity Exchange Act and SEC Commissioner Dan Gallagher announced that he is resigning.