At the US Chamber of Commerce Capital Markets Forum, Acting Comptroller of the Currency Rodney E. Hood outlined a four-part agenda aimed at advancing a "resurgent" banking system.

The SEC requested comment on whether the current definition of a "foreign private issuer" should be amended to account for "significant changes in that population since 2003" and to better "reflect the issuers that the Commission intended to benefit."

Bipartisan members of the House Financial Services Committee introduced a bill that would require the Financial Stability Oversight Council to explore and rule out alternative regulatory approaches before designating nonbank financial institutions as systemically important.

In a 48-46 vote, the Senate confirmed Federal Reserve Governor Michelle Bowman as Vice Chair for Supervision. The position was previously held by Fed Governor Michael Barr.

SEC Commissioner Caroline A. Crenshaw criticized recent Commission statements on the classification of crypto assets.