Unfortunately, the Biden Administration's proposed beneficial ownership regime is not consistent with congressional intent.
Editor's note · Context
McHenry criticizes the Biden Administration's proposed regulations as misaligned with Congress's goals.
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Chair Gensler gave a speech just last week discussing his belief that the asset of the investment contract is itself the investment contract, which is completely bogus.
If the laws are to be changed, it needs to be done by legislation, by lawmakers who represent the people.
I think the reason why both reports conclude that the Fed failed to adequately escalate is because the Fed itself is delaying implementation of the enhanced supervisory standards.
We are at a critical moment for American dynamism. We can choose the side of financial freedom, innovation, inclusion, and American competitiveness, and important consumer protections at the same time, or we can let this moment pass us by…





