The House of Representatives passed a number of bills with bipartisan support, including: H.R. 1847: The Swap Data Repository and Clearinghouse Indemnification Correction Act amends the Commodity Exchange Act to repeal the prerequisite that requiring agencies to agree to indemnify the CFTC for expenses arising from litigation. It also repeals the Securities Exchange Act requirement to indemnify both swap data repositories and the SEC for expenses arising from litigation. H.R. 432: The SBIC Advisers Relief Act amends the Investment Advisers Act to exempt specified advisers of small business

In a letter sent to four financial regulatory agencies, U.S. Senator Elizabeth Warren and Representative Elijah Cummings criticized the Congressional repeal of Section 716 of Dodd-Frank. According to the letter, the American people and their elected representatives lack adequate information about the risks of the repeal. Without that information, the two lawmakers wrote, "the country risks moving blindly" toward a "financial meltdown." Senator Warren (D-MA) and Representative Cummings (D-MD) sent the letter to the Board of Governors of the Federal Reserve, the Office of the Comptroller of the

The CFTC's announcement concerning an Information Collection Request ("ICR") was published in the Federal Register. The ICR relates to reporting rules "structured to ensure that the Commission receives adequate information to carry out its market and financial surveillance programs." Specifically, the ICR concerns information regarding risk associated with speculative position limits. This notice was a request for an extension of a previously approved collection of information. Comments must be submitted on or before August 17, 2015. See: 80 FR 42091.

In a public statement, SEC Commissioner Luis A. Aguilar discussed the report issued by the Interagency Working Group for Treasury Market Surveillance concerning the "flash crash" that occurred in the U.S. Treasury market in October 2014. Commissioner Aguilar stated that the market for U.S. Treasury securities ("Treasuries") has undergone substantial changes in recent years, in part because of computerized trading and regulatory changes made by Dodd-Frank. In light of those changes, the Commissioner called on the SEC to lead a comprehensive review of the Treasury market. The key proposals that

SIFMA submitted comments on FINRA's "Proposal to Provide Web-Based Delivery of Regulatory Element of Continuing Education Requirement." Although SIFMA expressed its "strong support" for the proposal, it also recommended that FINRA: (i) encourage global usage by addressing how it will verify the identities of users who do not have social security numbers, (ii) provide "clarification on how it will handle reasonably foreseeable technology and operational issues that may arise with the implementation and use of the Web-based CE program," and (iii) specify "the level of information that will be