Insights: Policy

Prediction Markets

Tension between the CFTC and states regarding the regulation of prediction markets continues to escalate. States claim that sports-style “event contracts” look like sports betting in substance, so they should be subject to state gaming law (licensing, age restrictions, consumer protections, etc.). Prediction market platforms argue that these are...

Bank Capital/Liquidity

Fed Vice Chair for Supervision Bowman previewed the Trump administration’s Basel III “endgame” re-proposal that she said is intended to reduce unnecessary regulatory burdens and better align requirements with actual risk. The basic thrust is a more tailored and less duplicative capital framework reflecting more risk-sensitive treatment for...

Housing Supply Legislation, Trump Executive Orders

The Senate passed its housing supply bill (the ROAD to Housing Act) on Wednesday by a vote of 89-10 but there are strong objections in the House to the Senate version of the bill. As you may recall, the House previously passed a similar housing supply bill on a strong bipartisan basis, though the latest Senate version diverges in a number of...

Domestic Sentiment and Energy Policy Responses to the Iran War

Over the last couple of days, we have seen President Trump begin to express some sensitivity to domestic concerns about the war in Iran. Congressional Democrats have continued to criticize Trump for not providing a consistent justification for the war, nor a plan for how it will conclude. Meanwhile, some Congressional Republicans have begun to...

Housing Supply Legislation

This week, the Senate began consideration of the ROAD to Housing Act, which seeks to address housing supply constraints by providing incentives for localities to streamline zoning, expanding financing for manufactured housing, among other steps. Senate Banking Committee Chair Scott (R-SC) and Ranking Member Warren (D-MA) crafted a new draft of...

Tech / Media / Telecom

Social Media/Minors

The two chambers of Congress are moving forward with proposals relating to children’s online safety/privacy. Yesterday, the Senate unanimously passed the Children’s Online Privacy Protection Act (COPPA 2.0). Separately, the House Energy & Commerce Committee (E&C) approved – on a partisan 28-24 vote – the Kids Internet & Digital Safety Act...