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Investor advocate urges Gensler to beef up Reg BI


Investor advocate urges Gensler to beef up Reg BI
Republican lawmakers in the House tell the new SEC chairman to avoid ‘mission creep’ in the agency s oversight of environmental, social and governance disclosures.
April 20, 2021
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Gary Gensler has barely settled into his seat as chairman of the Securities and Exchange Commission but he already is being encouraged by a leading investor advocate to beef up Regulation Best Interest and admonished by Capitol Hill Republicans to slow down on environmental, social and governance disclosures.
Gensler was confirmed by the Senate last week and sworn in over the weekend. Now that he’s in place, the commission is at full strength and has a 3-2 Democratic majority. It didn’t take long for him to get advice on how to formulate his agenda. ....

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Republicans might be finding ways to oppose Biden — if they can get out of their own way


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Republicans are beginning to coalesce around a message for confronting President Biden’s new administration, with one GOP missive stating: “There’s bipartisan agreement. … Joe Biden’s a partisan.”
The GOP is hammering Biden’s executive orders, his use of a budgetary maneuver to pass a COVID-19 relief package without Senate Republicans (despite their offers to compromise), and even occasional clashes with the dwindling number of centrist and red-state Democrats on Capitol Hill to undercut the new president’s talk of “unity.”
“Biden is starting his presidency as one of the most partisan in history, exposing his campaign pledge to reach across the aisle as another empty promise,” said Republican National Committee Rapid Response Director Tommy Pigott. “In the early hours of the morning, in a vote strictly on party lines, the Senate adopted Bernie Sanders’s budget resolution necessary to force through a partisan bill using th ....

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