Senate’s SEC Budget Removes Political Spending Rule Block
The Senate Appropriations Committee on October 18, 2021, released a current-year budget for financial regulators that would fund the SEC …
House Bill Would Create New ‘Micro-Offering’ Exemption
The top Republican on the House Financial Services Committee on September 30, 2021, introduced legislation to create a new “micro-offering” …
SEC Official: We hear You on Requests for FASB Accounting Standard-Setting on Crypto
When the FASB put out an agenda request in the summer, hundreds have asked the accounting standard-setter to tackle accounting …
House Republican Accuses SEC of Ignoring GOP Request for Materials on Duhnke Firing
A senior Republican on the House Financial Services Committee on October 5, 2021, accused the SEC of ignoring a GOP …
‘Big Increase’ in Consultation Request Following Auditor Independence Rule Changes, Senior SEC Official Says
When the SEC led by then-Chairman Jay Clayton proposed and adopted revisions to its auditor independence rule in Rule 2-01 of Regulation S-X, …
House Panel To Discuss Speedier Delisting for U.S.-Listed Chinese Companies
A House Financial Services subcommittee in October will discuss a draft bill to hasten a delisting deadline for public companies …
SEC Proposes Increased Proxy Vote Reporting by Investment Mangers
The SEC on September 29, 2021, voted 4 to 1 to issue a proposal that would increase the reporting of …
SEC Approves PCAOB Supplemental Budget for Unexpected Outside Counsel Expenses
The SEC said that it has approved a supplemental budget for the Public Company Accounting Oversight Board (PCAOB) for expenses …
House Passes Defense Bill, with SEC-CFTC Crypto Group Mandate
The House on September 23, 2021, narrowly passed a Defense authorization bill that includes a provision directing the SEC and …
Senior SEC Enforcement Official: Do Not Get Creative in Accounting and Auditing
Matthew Jacques, chief accountant in the SEC’s Enforcement Division, warned accountants and auditors not to get creative in following the …