At a hearing before the House Financial Services Committee, witnesses critiqued FinCEN’s “Beneficial Ownership" rule.

In an Annual Report to Congress, the Federal Reserve Board reviewed its activities and operations during the 2022 calendar year.

Before the House Subcommittee on Financial Institutions and Monetary Policy, regulators and state officials testified on efforts to address climate-related financial risk.

The SEC published in the Federal Register proposed amendments to SEA Rule 15c3-3 (the customer protection rule) that would require broker-dealers to perform their cash reserve account calculations daily and top up their reserve accounts balances. Comments are due by September 11, 2023.

Investment Company Institute President and CEO Eric Pan criticized the SEC's adoption of recent rule amendments aimed at preventing a run on money market funds, saying that the SEC "missed the mark" by imposing "mandatory fees along with overly strict liquidity requirements."