PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Thursday, June 11, 2026
June 11, 2026
Edited by Lawrence D. Kaplan, Jason Shafer and Kris Knabe
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Federal Agencies
US Department of the Treasury
Treasury Disrupts Foreign Networks Supporting Iran’s Military and Weapons Programs
June 10, 2026
The U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned nine individuals and entities that have supported weapons procurement on behalf of Iran’s Islamic Revolutionary Guard Corps and Ministry of Defense and Armed Forces Logistics.
Securities and Exchange Commission
Commissioner Peirce Announces Exit
June 9, 2026
In remarks give at the U.S. Chamber of Commerce Capital Markets Summit, Securities and Exchange Commissioner Hester M. Peirce announced she will soon be stepping down as commissioner.
Corporate Finance Director’s Remarks: ‘This Old House: Improving and Remodeling Our Registered Offering and Filer Status Regimes’
June 9, 2026
Securities and Exchange Division of Corporation Finance Director Jim Moloney gave remarks titled “This Old House: Improving and Remodeling our Registered Offering and Filer Status Regimes” at the 2026 U.S. Chamber of Commerce Capital Markets Summit.
Commodity Futures Trading Commission
CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning Event Contracts Involving Enumerated Activities
June 10, 2026
The Commodity Futures Trading Commission published a notice of proposed rulemaking seeking public comment on amendments to CFTC Regulation 40.11 and the addition of Appendix F to part 40.
International
European Commission
Joint Press Release: Commission and EIB Group Increase Financial Support for the EU Economy and Speed Up Key Transformative Investments Under InvestEU
June 10, 2026
The European Commission and the European Investment Bank Group have signed an agreement adding €22 billion in strategic financing under the InvestEU program.
Administration Changes
Vacancies
Appointments/Confirmation Hearings
U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)
Federal Reserve Board – Kevin Warsh (effective May 22, 2026)
- Vice Chair Phillip N. Jefferson (sworn in September 13, 2023)
- Vice Chair for Supervision Michelle W. Bowman (sworn in June 9, 2025)
- Governor Michael Barr (sworn in July 19, 2022)
- Governor Christopher J. Waller (sworn in December 18, 2020)
- Governor Lisa D. Cook (sworn in September 13, 2022 – SCOTUS hearing on purported termination to be held in January 21, 2026)
- Stephen Miran (sworn in September 16, 2025)
- Governor Jerome H. Powell (sworn in June 16, 2014)
Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)
Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)
Federal Deposit Insurance Corporation – Travis Hill (effective January 13, 2026)
- Vice Chairman Vacant
- Director Vacant
- Director Jonathan Gould (Comptroller of the Currency)
- Director Russel Vought (Director of Consumer Financial Protection Bureau)
Office of the Comptroller of the Currency – Jonathan Gould (effective July 15, 2025)
Securities and Exchange Commission – Paul Atkins (effective April 9, 2025)
Commodity Futures Trading Commission – Michael Selig (confirmed December 18, 2025)
Consumer Financial Protection Bureau – Russel Vought (Acting Director effective February 10, 2025)
National Credit Union Administration – Kyle Hauptman (Chairman effective January 20, 2025)
Small Business Administration – Kelly Loeffler (effective February 19, 2025)
U.S. Department of Housing and Urban Development – Scott Turner (effective February 5, 2025)
Federal Housing Finance Agency – William Pulte (effective March 13, 2025)
U.S. Department of Education – Linda McMahon (effective March 3, 2025)
Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)
PH Client Alerts
Click here to read more from our Coronavirus series.
Legislation/Legislative Updates
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 theConsolidated Appropriations Act, 2021, enacted December 27, 2020.
Click here to view the full text of the American Rescue Plan of 2021, enacted March 11, 2021.
Click here to view the full text of the PPP Extension Act of 2021, enacted March 30, 2021.
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
Practice Areas
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