If you are involved in issuing or trading securities, you are familiar with CUSIP numbers, the ninedigit alphanumeric codes that identify specific securities in the United States and Canada. What you may not know is that…
more
/ Business Organizations, Finance & Banking, Securities Law
On July 22 and 23, 2025, the House Committee on Financial Services (the “Committee”) held a full committee markup during which it considered certain bills that, if passed, would improve investor access to the capital markets…
more
/ Business Organizations, Finance & Banking, Securities Law
On July 21, 2025, the House of Representatives (the “House”) passed five bills relating to capital formation, in particular affecting small entities and emerging growth companies (“EGCs”). As discussed in a previous post, these…
more
/ Business Organizations, Finance & Banking, Securities Law
In what may be indicative of the Securities and Exchange Commission’s renewed focus on small business capital formation, one of the topics that the staff (the “Staff”) of the Commission’s Division of Corporation Finance (the…
more
/ Business Organizations, Finance & Banking, Securities Law
Sustainable debt issuances by Brazilian companies in both domestic and international markets have steadily increased. Abroad, the combined volume of green, social, and sustainability bonds issued by Brazilian corporates,…
more
/ Environmental Law, Finance & Banking, Securities Law
On July 4, 2025, the “One Big Beautiful Bill Act” (OBBBA) became law. The OBBBA makes significant changes to domestic and international tax provisions, including provisions addressing bonus depreciation, research and…
more
/ Finance & Banking, International Law & Trade, Taxation
On July 1, 2025, the staff of the Division of Corporation Finance at the U.S. Securities and Exchange Commission (the “SEC”) issued another in a series of statements regarding crypto assets. This particular statement, titled…
more
/ Business Organizations, Finance & Banking, Securities Law
A bond is a debt obligation issued by a corporation or government for funding purposes. When investors buy a corporate bond, they are lending money to the corporation in return, in most cases, for the right to receive periodic…
more
/ Business Organizations, Finance & Banking, International Law & Trade, Securities Law
Last week, the US federal banking regulators proposed changes to the enhanced supplementary leverage ratio (“eSLR”) requirement for US global systemically important bank holding companies (“US GSIBs”) (the “Proposal”)…
more
/ Administrative Law, Finance & Banking
Pursuant to the Securities Exchange Act, the Investor Advocate is required to file two reports annually with the Committee on Banking, Housing and Urban Affairs of the Senate and the Committee on Financial Services of the House…
more
/ Consumer Protection, Finance & Banking, Securities Law
On June 23, 2025, the House of Representatives (the “House”) passed seven bills relating to capital formation. As discussed in a previous post, these bills were reported to the House by the House Committee on Financial Services…
more
/ Business Organizations, Finance & Banking, Securities Law
On June 12, 2025, Representative Troy Downing (R-MT) introduced H.R. 3959, the “Protecting Private Job Creators Act.” The bipartisan bill, co-sponsored by Representative Cleo Fields (D-LA), would categorically exempt quotations…
more
/ Administrative Law, Finance & Banking, Securities Law
In recent years, non-bank lending to private equity-owned, small- and middle-market companies has increased significantly. Within this growing sector, private and non-traded BDCs have outperformed other non-bank lenders in many…
more
/ Business Organizations, Finance & Banking, Securities Law
The Securities and Exchange Commission (SEC) formally withdrew the following proposed Gensler era rulemakings:
Substantial Implementation, Duplication, and Resubmission of Shareholder Proposals Under Exchange Act Rule…
more
/ Administrative Law, Finance & Banking, Securities Law
In late May 2025, the House Committee on Financial Services (the “Committee”) held a full committee markup, during which the Committee successfully reported 25 bills to the House of Representatives (the “House”). The bills have…
more
/ Administrative Law, Finance & Banking, Securities Law
