The U.S. Senate Committee on Banking, Housing and Urban Affairs considered testimony on the Secure and Fair Enforcement Banking Act, which would remove legal uncertainty for banks and credit unions seeking to provide marijuana financing.
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The Federal Reserve Board and FDIC made public non-confidential sections of the resolution plans of eight large domestic firms.
OFAC designated a Chinese state-run oil trader and its chief executive for violating U.S. sanctions by purchasing Iranian oil.
The CFTC Division of Swap Dealer and Intermediary Oversight clarified the circumstances in which Customer Identification Program and Beneficial Ownership regulations under the Bank Secrecy Act do not apply to "voice" brokers.
The North American Securities Administrators Association advised market participants of the risks and potential tax benefits associated with investments in "opportunity zones."