Views on improving the integrity of global capital markets
30 October 2014

DC Policy Update: What to Expect after the Midterm Elections (Podcast)

Posted In: Systemic Risk, US SEC, XBRL
Capitol Hill

Where financial policy is likely headed after the midterm elections is the topic of this edition of DC Policy Update. Jim Allen, CFA, head of Americas capital markets policy at CFA Institute, hones in on three issues, and whether or not they will fly in Congress:

  • Dodd-Frank Act: Efforts are under way in the Senate Judiciary Committee to review Title II: Orderly Liquidation Authority. Committee members are moving toward creating a new chapter in the bankruptcy code that would address the failure of large institutions. If there isn’t a change in Senate leadership in November, we don’t expect this effort to go anywhere for at least another two years.
  • SEC User-Fee Amendment: The amendment would give an underfunded SEC the ability to charge investment advisers user fees for examinations. It isn’t likely to pass without some tweaks, and without significant changes to the composition of Congress.
  • JOBS Act, Part Two: It’s a conglomeration of several legislative proposals in the US House of Representatives aimed at further relieving regulatory hurdles for small companies. Some of the proposals are already being addressed, such as the SEC’s proposal for a tick size pilot program, XBRL (eXtensible Business Reporting Language), and the PATH Act on mortgage-market reform.

Reading this on mobile device? Click here to listen to the audio.


If you liked this post, consider subscribing to Market Integrity Insights.


Photo credit: iStockphoto.com/MiguelMalo

 

About the Author(s)
Rebecca Arrington

Rebecca Arrington is a communications specialist at CFA Institute.

Leave a Reply

Your email address will not be published. Required fields are marked *



By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close