2 - White House News in Chinese (weebly.com)
During Biden Administration, SEC will require Climate Change Risk and ESG Disclosure
Dec. 31 - Public companies will be required to disclose climate risks and greenhouse gas emissions under President-elect Biden’s administration. The Securities and Exchange Commission (SEC) will institute rulemaking and guidance on the federal monitoring of environmental, social and governance (ESG) issues. The Biden administration’s decision to require climate report disclosures follows complaints from investor advocacy groups about inconsistent disclosure practices due to voluntary reporting frameworks.
Under the outgoing Trump administration, SEC Chairman Jay Clayton relied on a “principles-based approach” to climate disclosure. Through this approach, the SEC loosened certain requirements for companies under Regulation S-K and relaxed conflict-of-interest rules for independent auditors under Regulation S-X. Requirements were eased this past August and October in a pair of highly controversial split decisions. continue to read
Dec. 31 - Public companies will be required to disclose climate risks and greenhouse gas emissions under President-elect Biden’s administration. The Securities and Exchange Commission (SEC) will institute rulemaking and guidance on the federal monitoring of environmental, social and governance (ESG) issues. The Biden administration’s decision to require climate report disclosures follows complaints from investor advocacy groups about inconsistent disclosure practices due to voluntary reporting frameworks.
Under the outgoing Trump administration, SEC Chairman Jay Clayton relied on a “principles-based approach” to climate disclosure. Through this approach, the SEC loosened certain requirements for companies under Regulation S-K and relaxed conflict-of-interest rules for independent auditors under Regulation S-X. Requirements were eased this past August and October in a pair of highly controversial split decisions. continue to read
Walter Joseph "Jay" Clayton III (born July 11, 1966) is an American attorney that served as the Chairman of the U.S. Securities and Exchange Commission from May 4, 2017 until December 23, 2020.
SEC Chairman
Nomination and confirmationOn January 4, 2017, President-elect Donald Trump announced his intention to nominate Clayton to be SEC Chairman,[14] and he was nominated on Inauguration Day, January 20, 2017.[15] Clayton's nomination was endorsed by Manhattan District Attorney Cyrus Vance Jr.[13] U.S. Senator Catherine Cortez Masto, a Democrat representing Nevada, expressed concern that Clayton represented Swedish firm TeliaSonera in a proposed venture that would combine Russian telecommunications companies MegaFon and Altimo.[13] Clayton is not thought to have any ties to the Russian companies.[13] On April 4, 2017, the Senate Banking Committee voted 15–8 to take Clayton's nomination to the full Senate, with three Democrats voting in favor of Clayton.[16]
On May 2, 2017, the U.S. Senate voted 61–37 to confirm Clayton as Chairman of the SEC. Votes cast in favor of Clayton's confirmation included nine Democrats and one Independent alongside 51 Republican votes.[17] On May 4, 2017, Clayton was sworn in, marking the official beginning of his role as Chairman.[18]
source from Wikipedia
SEC Chairman
Nomination and confirmationOn January 4, 2017, President-elect Donald Trump announced his intention to nominate Clayton to be SEC Chairman,[14] and he was nominated on Inauguration Day, January 20, 2017.[15] Clayton's nomination was endorsed by Manhattan District Attorney Cyrus Vance Jr.[13] U.S. Senator Catherine Cortez Masto, a Democrat representing Nevada, expressed concern that Clayton represented Swedish firm TeliaSonera in a proposed venture that would combine Russian telecommunications companies MegaFon and Altimo.[13] Clayton is not thought to have any ties to the Russian companies.[13] On April 4, 2017, the Senate Banking Committee voted 15–8 to take Clayton's nomination to the full Senate, with three Democrats voting in favor of Clayton.[16]
On May 2, 2017, the U.S. Senate voted 61–37 to confirm Clayton as Chairman of the SEC. Votes cast in favor of Clayton's confirmation included nine Democrats and one Independent alongside 51 Republican votes.[17] On May 4, 2017, Clayton was sworn in, marking the official beginning of his role as Chairman.[18]
source from Wikipedia
U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton said his last day in office would be today, Wednesday, Dec. 23.
Only the precise timing of this is a surprise. Clayton announced in November he would be leaving by the end of the year but hadn't specified a date.
Clayton certainly knows how to leave on a high note. His last day comes 24 hours after the SEC filed suit against fintech firm Ripple as well as its CEO and chairman, sending shockwaves throughout the cryptocurrency industry.
Related Article:
What SEC Chairman Jay Clayton Stepping Down Means for Markets
PBS NewsHour full episode, Dec. 30, 2020
Dec 31, 2020
Wednesday on the NewsHour, as the Senate debates increasing COVID relief checks we talk to a leading Republican lawmaker opposed to the idea, the U.S. loses another 3,600 people to COVID-19, the United Kingdom authorized a new vaccine as the rollout in the U.S. falls short of projections, and hospitals in less populated areas struggle with an influx of patients.
Dec 31, 2020
Wednesday on the NewsHour, as the Senate debates increasing COVID relief checks we talk to a leading Republican lawmaker opposed to the idea, the U.S. loses another 3,600 people to COVID-19, the United Kingdom authorized a new vaccine as the rollout in the U.S. falls short of projections, and hospitals in less populated areas struggle with an influx of patients.
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