President Biden Issues Sweeping Competition Executive Order | Akin Gump Strauss Hauer & Feld LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote the interests of American workers, businesses, and consumers, it is hereby ordered as follows:
Section 1. Policy.
A fair, open, and competitive marketplace has long been a cornerstone of the American economy, while excessive market concentration threatens basic economic liberties, democratic accountability, and the welfare of workers, farmers, small businesses, startups, and consumers.
The American promise of a broad and sustained prosperity depends on an open and competitive economy. For workers, a competitive marketplace creates more high-quality jobs and the economic freedom to switch jobs or negotiate a higher wage. For small businesses and farmers, it creates more choices among suppliers and major buyers, leading to more take-home income, which they can reinvest in their enterprises. For entrepreneurs, it provides
US Financial Stability Oversight Council Meeting Date
10/07/2021
On Friday, July 16, Secretary Janet L. Yellen will preside over an executive meeting of the Financial Stability Oversight Council (Council) by videoconference. The preliminary agenda includes Federal Reserve stress tests, housing markets, and the proposed Council report to be issued under the Executive Order on Climate-Related Financial Risk.
The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Council to convene no less than quarterly, but the Council has historically convened on a more frequent basis. The meetings bring Council members together to discuss and analyze emerging market developments and financial regulatory issues. The Council is committed to conducting its business as openly and transparently as practicable, given the confidential supervisory and sensitive information at the center of its work. Consistent with the Council s transparency policy, the Council opens its me
Stock Market Insights: America’s Large Banks take a Stress Test
By Dr. Richard L. Baker, AIF®
Executive Vice President/Wealth Advisor
No, they didn’t line up all the presidents of America’s largest banks to walk on a treadmill with a bunch of wires taped to them. Although that probably would have been more fun to watch.
Each year since 2010 the Federal Reserve conducts a stress test on America’s largest banks in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act. This is where they run the banks through a hypothetical doomsday scenario to see how they would fare if the economy was in shambles. The Fed reported this year’s results on June 24, 2021.
Companies Better Not Tread On Whistleblowers Right To Report forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.