Further to yesterday's report in the Society Alert concerning the Financial CHOICE Act and what to expect in the way of corporate-focused capital markets-related provisions (e.g., shareholder proposal reform), the House Financial Services Committee announced that it will hold a hearing on the updated version of the bill (aka, Financial CHOICE Act 2.0) next Wednesday, April 26th. The discussion draft of the updated version of the Act is here.
As previously reported, the House Financial Services Committee initially unveiled the CHOICE Act - characterized as the Republican plan to replace the Dodd-Frank Act and promote economic growth - in June 2016, and formally introduced the bill in the House in September (reported on here). Our prior report here highlighted provisions of particular interest to issuers, which - as detailed in yesterday's Society Alert - remain largely intact.
Stay tuned for further updates in the weekly Society Alerts.