Washington Report 360 | August 26, 2022

Pay versus performance. SEC adopted amendments to rules governing disclosures on the relationship between executive compensation and financial performance.
SEC strategic plan. SEC published their draft strategic plan for FY 2022 to 2026, outlining key agency priorities including enhancing focus on fraud, manipulation, and misconduct; and updating rules and approaches to reflect evolving technologies and business models. (See KPMG DPP Defining Issues, here)

Financial services regulatory news
SEC	Risk Alert on observations from municipal advisor examinations Adopted amendments to disclosure rules for pay versus performance Draft FY22-26 strategic plan for public comment Chair Gensler WSJ Op-ed: The SEC Treats Crypto Like the Rest of the Capital Markets
CFPB	Blog on medical collections and financial assistance for care Blog on proposed changes to the Terms of Credit Card Plans survey
FHFA	Announcement of new Advisory Committee on affordable, equitable, sustainable housing
OFR	Working paper on hedge funds and treasury market price impacts
GAO	Report on SARs: Action Needed to Improve DOJ Statistics on Use of Reports on Suspicious Financial Transactions
BIS	FSI Brief on safeguarding operational resilience

Financial services policy news
White House	Fact Sheet on Student Loan Debt Relief
Senate	Finance Committee report on shell companies and tax evasion (beneficial ownership)

State policy news
Texas	Comptroller list of financial companies that boycott energy companies; state pension funds subject to investment prohibitions and divestment requirements
California	State Air Resources Board rule to ban the sale of new, gasoline-only vehicles by 2035