A House committee held a private equity hearing, the U.S. Chamber of Commerce evaluated the Stop Wall Street Looting Act, and a federal government shutdown was averted until December.
The SEC’s Investor Advisory Committee discussed ESG data and the accredited investor definition, and the NLRB's chairman responded to congressional criticism about the joint-employer standard.
The SEC announced a proposal to modernize advertising rules affecting investment advisers, and the HFSC announced a November hearing on private funds.
The central bank voted to lower the federal funds rate in response to a cooling economy mitigated by weak business investment and exports.
Democratic congressional leaders urged federal financial regulators to explain their decision to alter the Volcker Rule in a recently submitted letter.