Crapo Commends SEC for COVID-19 Response, Requests Information on Additional Actions
WASHINGTON, D.C. – U.S. Senator Mike Crapo (R-Idaho), Chairman of the U.S. Senate Committee on Banking, sent a letter to Securities and Exchange Commission Chairman Jay Clayton applauding the agency for its quick, decisive actions in response to the COVID-19 health care crisis. Crapo also requested input on additional steps or statutory changes the SEC needs in order to mitigate the economic impact of COVID-19.
From the letter: “I commend the SEC for balancing the emergency responses to COVID-19 while continuing to maintain fundamental operations such as advancing rulemaking initiatives, conducting risk-based inspections, bringing enforcement actions, and reviewing issuer and fund filings. . .
“While we have made much progress through passage of the CARES Act, more must be done to ensure the U.S. markets come back stronger, more liquid and more dynamic than ever following the COVID-19 crisis. Please quickly respond to this letter with additional steps or statutory changes the SEC needs in order to mitigate the economic impact of COVID-19.”
Access the letter here.
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