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Congressional Review Act: OMB Memo Would Make SEC, CFTC and Other Independent Agency’s “Major Rule” Analyses Subject to Executive Branch Review

The Congressional Review Act (the “CRA”) is an oversight tool that Congress may use to overturn a rule issued by a federal department or an agency, including rules issued by independent regulatory agencies, such as the SEC and CFTC.

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NFA Proposes Waiving Proficiency Exam Requirements in Connection with Certain Swaps Activities

Practices: Investment Management, Hedge Funds

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