Corporate And Financial Weekly Digest - March 15, 2013

Edited by Robert Weiss and Gregory Xethalis

SEC/CORPORATE

Mary Jo White, Nominee for Chair of the SEC, Appears Before Senate Banking Committee

On March 12, Mary Jo White, President Obama's nominee to chair the Securities and Exchange Commission, appeared at her confirmation hearing before the US Senate Committee on Banking, Housing and Urban Affairs.

In prepared testimony, Ms. White highlighted a few of her priorities for the SEC, if she is confirmed. First, Ms. White noted the need to complete, "in as timely and smart a way as possible," rulemaking required under the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Jumpstart Our Business Startups Act. In that regard, Ms. White underscored the need for a "transparent and robust" analysis of the economic impact of any such rulemaking, from the outset, to ensure effective and efficient rulemaking without unnecessary burdens or competitive harm. Second, she highlighted the need to