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PH FedACTion: Financial Regulatory Updates

Daily Financial Regulation Update -- Wednesday, July 22, 2020

By
FedACTion Task Force
On Jul 21, 2020

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PH Client Alerts

Click here to read more from our Coronavirus series.

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 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.

U.S. Senate

Committee on Small Business and Entrepreneurship

Rubio to Chair Hearing on Capital Access for Minority Small Businesses

July 21, 2020

On Thursday, July 23, 2020, at 10:00 A.M. Eastern, U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship (Committee), will convene a hearing titled, “Capital Access for Minority Small Businesses: COVID-19 Resources for an Equitable and Sustainable Recovery.”

The hearing will be live-streamed on the Committee’s website.

Federal Agencies

Federal Reserve Bank of New York

New York Fed to Hold Technical Briefing on Primary Market Corporate Credit Facility

July 21, 2020

The Federal Reserve Bank of New York announced it will hold a technical briefing on the Primary Market Corporate Credit Facility on Friday, July 31, 2020, from 10:00 to 11:00 A.M. Eastern.

International

European Banking Authority

EBA Publishes Overview of Public Guarantee Schemes Issued in Response to COVID-19

July 21, 2020

The European Banking Authority (EBA) published a list of the public guarantee schemes issued in response to the COVID-19 pandemic. The publication, which complements the information included in the EBA Report on the implementation of selected COVID-19 policies, aims to provide the public with transparency regarding the existence of public guarantees, and to respond to the European Commission’s request for a stock-take of such guarantees.