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Daily Financial Regulation Update -- Monday, February 1, 2020

February 01, 2021

By FedACTion Task Force

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PH Client Alerts

Click here to read more from our Coronavirus series.

Administration Changes

Appointments/Confirmation Hearings

Department of the Treasury – Janet Yellen (effective January 26, 2021)

Consumer Financial Protection Bureau – Rohit Chopra (Nominee)

Securities and Exchange Commission – Gary Gensler (Nominee)

Small Business Administration – Isabel Guzman (Nominee)

Department of Education – Miguel Cardona (Nominee)

Commodity Futures Trade Commission

National Credit Union Administration – Todd M. Harper

Department of Housing and Urban Development – Marcia Fudge (Nominee)

Congress

Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Enacted March 27, 2020.

Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.

Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.

Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.  

Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.

Federal Agencies

Securities and Exchange Commission

SEC issues Investor Alert on significant risks of short-term trading based on social media

January 30, 2021

The SEC’s Office of Investor Education and Advocacy issued a warning to investors of the significant risks of short-term investing based on social media, especially in volatile markets, and provides tips for long-term investing.

U.S. Small Business Administration

SBA posts new FAQs addressing the Shuttered Venue Operators Grant Program

January 27, 2021

The U.S. Small Business Administration has issued new frequently asked questions about the Shuttered Venue Operators Grant. The FAQs includes information about eligibility, application, use of funds and more with respect to the Shuttered Venue Operators Grant program.