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ARTICLE · 24 JUNE 2014

Private Fund Update - June 23, 2014

Venable LLP
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Both the Senate and House are in session this week, with the House Financial Services Committee holding three relevant hearings.

United StatesConsumer Protection
Scott Gluck
Scott Gluck

Both the Senate and House are in session this week, with the House Financial Services Committee holding three relevant hearings. This update includes:

  • The SEC's recent action against a private equity fund for violating federal pay-to-play rules regarding political contributions;
  • This week's Financial Services Committee hearings on SEC oversight, the Export-Import Bank, and Financial Stability Oversight Council;
  • The results of last week's House Financial Services Committee markup on FSOC bills;
  • The House Appropriations Committee's funding of the SEC and SBA; and
  • A report by the Private Equity Growth Capital Council (PEGCC) finding that nearly three-fourths of PE professionals surveyed said that a majority of their portfolio companies are hiring.

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