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ph fedaction financial regulatory updates

Daily Financial Regulation Update -- Thursday, November 5, 2020

November 05, 2020

By FedACTion Task Force

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Congress

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

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

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

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

U.S. Department of the Treasury

Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association

November 4, 2020

The U.S. Department of the Treasury (Treasury) released the Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association.

U.S. Small Business Administration

Small Business Facts: Pandemic Pressures City Businesses

November 4, 2020

The U.S. Small Business Administration has released a Small Business Facts update titled “Pandemic Pressures City Businesses.” According to the update, the COVID-19 pandemic has disproportionately impacted metropolitan areas, which have seen a higher rate of small business closures than non-metropolitan areas.

International

UK Financial Conduct Authority

Speech: Acting Flexibly and Treating Customers Fairly in the Face of a Pandemic

November 4, 2020

Jonathan Davidson, Executive Director of Supervision – Retail and Authorisations at the Financial Conduct Authority (FCA), gave a speech on the FCA’s priorities for the credit market, in light of the challenges of the COVID-19 pandemic.