The Senate dropped a provision of President Trump’s tax bill that would impose higher U.S. taxes on entities and individuals from countries deemed to have unfair foreign taxes.
On April 3, the Senate Banking Committee voted to advance the nomination of Paul Atkins as Chair of the Securities and Exchange Commission (SEC). The vote fell along party lines, with no Democrats supporting the nomination.
In a panel at the 2024 IAA Investment Adviser Compliance Conference, industry experts provided insights on how trends in Washington will affect investment advisers.
If lawmakers cannot reach an agreement on government funding by the end of this week, a shutdown will occur at the beginning of the fiscal year on October 1.
House Financial Services Committee Republicans have dubbed July “ESG Month,” and have
scheduled multiple ESG-focused hearings that are expected to culminate in a markup of ESG legislation
addressing proxy advisors, asset managers, disclosure requirements, and other issues.
IAA priorities to alleviate the regulatory burdens on smaller advisers, expand the definition of accredited investor, and allow e-delivery of disclosure documents were advanced by the House Financial Services Committee.
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