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Bailed-out airline chiefs face lawmakers amid rising cancellations, soaring complaints

The top executives of three airlines will tell Congress on Wednesday how the carriers spent $54 billion in COVID-19 government aid, and why they are still grappling with thousands of canceled flights, staffing shortages and frustrated customers who can't get refunds.
United States Doug Parker Diane Brown Gary Kelly Edward Markey Scott Kirby

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House of Representatives Looks into SPACs, Focused on Protecting Investors | Proskauer - Corporate Defense and Disputes

On November 16, 2021, the House Financial Services Committee cleared two proposals geared towards protecting investors and holding accountable offerors in connection with SPAC...
Gary Gensler Holding Spacs Accountable House Financial Services Committee Securities Exchange Small Business Capital Formation Advisory Committee On Representative Brad Sherman

House Financial Services Committee Investigating SPACs

House Financial Services Committee cleared two proposals in connection with SPAC transactions. The first bars investment advisors from marketing SPACs to retail investors; the second excludes certain SPACs from safe harbor protection in place for forward-looking statements.
Gary Gensler Holding Spacs Accountable House Financial Services Committee Securities Exchange Small Business Capital Formation Advisory Committee On Representative Brad Sherman

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