Peggy Peterson

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Recap: BakerHostetler’s 30th Annual Legislative Seminar

Last week, BakerHostetler celebrated the 30th anniversary of its Annual Legislative Seminar. This two-day premier policy showcase in Washington, D.C., allows clients to listen and interact firsthand with key members of the U.S. House and Senate. Led by Federal Policy team leader Mike Ferguson, the seminar featured senior lawmakers who shared a range of policy … Continue Reading

Senate Bill Would Force Company Cyber Disclosure on SEC Filings

Amid growing alarm on Capitol Hill over cybersecurity and data privacy, new Senate legislation would require publicly traded companies to disclose in Securities and Exchange Commission (SEC) filings whether they have cybersecurity experts on their boards of directors – and if not, explain why. Sen. Jack Reed, D-R.I., said his legislation is meant to encourage … Continue Reading

Banks, Lawmakers Call on FASB to Pause New Accounting Rules

In the wake of bipartisan criticism from Congress over sweeping new accounting rules for the banking industry, the Financial Accounting Standards Board (FASB) is hosting a roundtable discussion today on its controversial current expected credit loss (CECL) rules. Many financial institutions – and several members of Congress – have called on FASB to delay implementing … Continue Reading

Five Things to Know: What the Election Results Mean for Financial Services Policy

The Democrats’ takeover of the House will hand a key committee gavel – and the power to issue subpoenas – to one of President Donald Trump’s fiercest critics. It also will trigger aggressive oversight of the Trump administration, especially its drive to defang the Consumer Financial Protection Bureau (CFPB) and to roll back Dodd-Frank financial … Continue Reading

House OKs JOBS Act 3.0, but Capital Formation Bill on Hold Amid Senate Talks

Last month the House overwhelmingly approved a package of rifle-shot changes to financial services laws, but competing priorities and election-year politics are complicating its consideration in the Senate. Dubbed the JOBS and Investor Confidence Act, or JOBS Act 3.0, the legislation is designed to facilitate capital formation for early-stage companies and to incentivize them to … Continue Reading