PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Thursday, November 12, 2020
November 12, 2020
FedACTion Task Force
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PH Client Alerts
Click here to read more from our Coronavirus series.
Congress
Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Enacted March 27, 2020.
Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.
Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.
Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business.
International
European Commission
Building a European Health Union: Stronger Crisis Preparedness and Response for Europe
November 11, 2020
The European Commission (Commission) issued a press release titled “Building a European Health Union: Stronger Crisis Preparedness and Response for Europe.” According to the release, the Commission is taking the first steps towards building the European Health Union announced by President von der Leyen in her State of the Union address. The Commission is putting forward a set of proposals to strengthen the EU’s health security framework, and to reinforce the crisis preparedness and response role of key EU agencies.
Factsheet – A European Health Union – tackling health crises together
Communication: Building a European Health Union: preparedness and resilience
Proposal for a Regulation on serious cross-border threats to health
Proposal to extend the mandate of the European Medicines Agency
Proposal to extend the mandate of the European Centre for Disease Prevention and Control
Bank of England
Minutes of the Securities Lending Committee Meeting - June 2020
November 11, 2020
The Bank of England released the minutes from the June 11, 2020 meeting of the Securities Lending Committee (Committee). The Committee discussed (i) recent market trends and observations, including the securities lending markets’ reaction to COVID-19, (ii) the impact of environmental, social and corporate governance on the securities lending markets, and (iii) diversity and inclusion in the securities lending markets.