The House voted on four Dodd-Frank related bills, all previously considered and favorably reported by the House Agriculture and Financial Services Committees. Under House floor procedures, the first three bills were considered under a suspension of the rules, a floor proceeding generally reserved for non-controversial matters during which no significant debate or amendments are allowed. The last bill, which is related to the cross-border application of Dodd-Frank sponsored by Rep. Scott Garrett (R-NJ), was considered under a House-passed closed rule resolution, which allows debate on the floor

ICE Futures U.S. released an updated FAQ for block trades. See: Block Trade FAQs.

MSRB released a notice explaining that, due to the effects of federal sequestration, the IRS will be reducing refundable credits payable to issuers of certain direct-pay municipal bonds. Dealers in particular must fully understand their customer protection obligations under MSRB rules in connection with such transactions because subsidy reductions have the potential to affect investors buying, selling or holding direct-pay bonds for which subsidy payments have been reduced. See: MSRB Notice 2013-13.

The MSRB announced that Michael L. Post will join the group as Deputy General Counsel. Mr. Post, who will report to MSRB General Counsel Gary Goldsholle, will oversee enforcement support and professional qualifications for regulated entities. Mr. Post is currently serving as senior litigation counsel in the appellate group of the SEC's Office of the General Counsel. See: Press Release.

The U.S. Department of Treasury announced on June 11, 2013, that the U.S. and Japan have signed an Intergovernmental Agreement (" IGA" ) under FATCA and posted a copy of the agreement on the Treasury website. The IGA is a Model 2 form of agreement under which Japan agrees " to direct and enable" reporting Japanese Financial Institutions to register with the IRS by January 1, 2014, and implement the requirements of an FFI Agreement. Further, Japan agrees to direct such Financial Institutions to request from all holders of preexisting accounts, maintained as of January 1, 2014, that are