Week in Review

Font Size:

Proposed “Volcker Rule,” expedited infrastructure projects, food marketing to children, and more.

Font Size:
  • The SEC voted to propose rules that lay out the process by which major buyers and sellers in security-based swaps must register with the Commission.
  • The Obama Administration will help move 14 infrastructure projects through an expedited permitting and environmental review process as part of its stated commitment to improving public and environmental safety and creating jobs.
  • The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a final rule imposing reporting requirements on U.S. banks that work with foreign banks that engage with Iranian financial institutions. This rule implements part of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA).
  • During a Republican presidential candidate debate, former Massachusetts Governor Mitt Romney argued that government intervention in the marketplace is sometimes necessary, indicating that measures taken in 2008 helped “preserve our currency and maintain…our financial system.” See related The Regulatory Review essay.