I’m Only A CRA, And I’m Sitting Here On Capitol Hill
The House Financial Services Committee will be marking up six petitions under the Congressional Review Act but, as LSTA’s Elliot Ganz explains, “They’re just CRAs…
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Revisiting the Congressional Review Act: The Clock is Ticking
People are asking about the mysterious Congressional Review Act again. LSTA’s Elliot Ganz explains why the CRA could significantly impact federal agency rulemaking under certain…
CLOs and Volcker
Is it Safe? Are the Volcker Rule reforms still subject to voidance under the Congressional Review Act? The LSTA takes a deep dive.
The Volcker Rule, CLOs and the CRA: Is the Story Over?
As we noted recently, the federal banking agencies together with the SEC and the CFTC recently published a final rule on the “Covered Funds” portion…
GAO on LLG: What Now?
Last week we reported that the Government Accountability Office (“GAO”) issued an opinion that the Leveraged Lending Guidance (“LLG”) was a “rule” subject to the…
The Congressional Review Act and the Leveraged Lending Guidance Questions and Answers
On March 31, 2017, Senator Pat Toomey (R-Pa.) sent a letter to the Comptroller General of the U.S. General Accounting Office (GAO) asking whether the…
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