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2 months ago | 
mondaq.com | Matthew Bisanz |Joseph A. Castelluccio |Kimberly Hamm |Andrew Olmem
Just four days after his inauguration, President Donald Trumphas initiated a fundamental shift in federal policy on digitalassets with a series of actions that set the stage for theestablishment of a regulatory regime for digital assets. Theseactions signal that reforming digital assets regulation will be atop priority for the new administration.
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2 months ago | 
jdsupra.com | Matthew Bisanz |Joseph A. Castelluccio |Kimberly Hamm
WHAT THIS MEANS FOR BANKS, FINANCIAL SERVICES AND THE DIGITAL ASSETS SECTORJust four days after his inauguration, President Donald Trump has initiated a fundamental shift in federal policy on digital assets with a series of actions that set the stage for the establishment of a regulatory regime for digital assets. These actions signal that reforming digital assets regulation will be a top priority for the new administration.
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Oct 4, 2024 | 
jdsupra.com | Jonathan Becker |Kimberly Hamm
On September 25, the US Senate held a corporate CEO in criminal contempt of Congress after he refused to comply with a subpoena to appear at a congressional hearing. Three days later, the company announced his resignation. This is the Senate’s first criminal contempt resolution in over 50 years and serves as a stark reminder of the perils facing companies, and their executives, that are entangled in a congressional investigation.
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Oct 3, 2024 | 
mondaq.com | Kimberly Hamm |Jonathan Becker
On September 25, the US Senate held a corporate CEO in criminal
contempt of Congress after he refused to comply with a subpoena to
appear at a congressional hearing. Three days later, the company
announced his resignation.
This is the Senate's first criminal contempt resolution in
over 50 years and serves as a stark reminder of the perils facing
companies, and their executives, that are entangled in a
congressional investigation.
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Aug 5, 2024 | 
jdsupra.com | Bradley Berman |Matthew Bisanz |Kimberly Hamm
On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) proposed revisions to the restrictions on brokered deposits (the “Proposal”). The Proposal is intended to strengthen the restrictions to reflect the FDIC’s experience since earlier revisions in 2020 and the regional bank failures of 2023. This is generally accomplished by undoing key elements of the 2020 revisions and would dramatically expand the number of deposit brokers and the amount of deposits that are brokered.
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Aug 1, 2024 | 
lexology.com | Matthew Bisanz |Jeffrey Taft |Anna Pinedo |Andrew Olmem |Kimberly Hamm |Bradley Berman
On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) proposed revisions to the restrictions on brokered deposits (the “Proposal”). The Proposal is intended to strengthen the restrictions to reflect the FDIC’s experience since earlier revisions in 2020 and the regional bank failures of 2023. This is generally accomplished by undoing key elements of the 2020 revisions and would dramatically expand the number of deposit brokers and the amount of deposits that are brokered.
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Jun 6, 2024 | 
jdsupra.com | Timothy Clark |Kimberly Hamm |Adam D. Kanter
On June 5, 2024, a three-judge panel of the Fifth Circuit Court of Appeals (the “Fifth Circuit”) unanimously vacated the rule1 adopted by the US Securities and Exchange Commission (the “SEC”) to enhance the regulation of “private fund”2 advisers (the “Final Rule”). The Final Rule, adopted under the Investment Advisers Act of 1940, as amended (“Advisers Act”), on August 23, 2023, would have caused a significant change to the regulation and operation of private funds.
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May 17, 2024 | 
mondaq.com | Kimberly Hamm
"Regardless of the political landscape, there's
bipartisan interest in scrutinizing companies, especially larger
ones with more perceived influence in the economy," said
Kimberly Hamm, a partner at Mayer Brown.
Congressional investigations of companies are becoming more
common, and they pose numerous, unique challenges, said Kimberly
Hamm, who joined the Washington, D.C., office of Mayer Brown as
partner in January after spending most of the last decade in key
government legal roles.
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Apr 4, 2024 | 
mondaq.com | Jennifer L. Parry |Shelby Colson |Kimberly Hamm
Adding to the ongoing discussion on proper restrictions on
outbound investments by US persons in China-related companies, on
February 8, 2024, Chairman of the House Select Committee on the
Strategic Competition between the United States and the Chinese
Communist Party ("CCP") (the "Select
Committee"), Mike Gallagher (R-WI-8),1 and Ranking
Member of the Select Committee, Raja Krishnamoorthi (D-IL-8), released the findings of their bipartisan investigation into certain US
venture capital firms.
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Apr 1, 2024 | 
mondaq.com | Kimberly Hamm |Andrew Olmem |Howard W. Waltzman |Jonathan Becker
Two developments last week threaten to weaken Republican control
over the investigative agenda of the US House of Representatives. First, House Republicans' narrow majority continues to shrink,
with Representative Mike Gallagher (R-WI), Chairman of the House
Select Committee on the CCP, announcing he will leave Congress in
mid-April. Second, a Republican member threatened to use a
procedural tactic to remove Speaker Mike Johnson (R-LA).
