Public Policy Roundup
Large portions of the stimulus package are devoted to helping small and midsize companies, the HFSC sent a letter to the Treasury, and the SEC resumes committee meetings.
The Senate passed a $2 trillion stimulus package, the House proposed a law to oversee that federal relief, and an HFSC member tests positive for COVID-19.
The Fed slashed interest rates to zero, and the Trump administration proposed a trillion-dollar stimulus that would send direct payments to Americans for economic relief.
Trump floats tax holiday to boost the economy from the coronavirus outbreak, and the SEC proposes a rule change for exempt offerings.
Regulators to roll back some Volcker Rule restrictions, a Supreme Court decision could block private equity’s entry into the 401(k) market, and virus fears prompt Fed interest rate cut.