PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Thursday, November 5, 2020
November 05, 2020
FedACTion Task Force
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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.
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.