Two Republican senators believe BlackRock and SSGA are putting ESG and "left-leaning" priorities ahead of their fiduciary duty to TSP.
Legislation that would end carried interest for investment managers was introduced by a group of Senate Democrats.
President Biden called for higher rates for the highest income earners, and ending carried interest and lower tax rates for capital gains.
Sen. Sherrod Brown is demanding answers from Credit Suisse and other banks on their activities related to failed asset manager Archegos.
Recent volatile trading in GameStop shares may push lawmakers and regulators to revisit rules on short sale disclosure and order execution.
Satyam Khanna was named senior policy adviser at the SEC in a new position addressing climate and ESG issues.
The pandemic is the Biden administration's priority, but climate risk and other investor issues are on the table.
The incoming Biden administration is expected to take a less partisan approach as it tackles big problems while navigating a divided Congress.
Members of New York's congressional delegation want the state to investigate whether hedge funds manipulated prices of Puerto Rico bonds.
PBGC's single-employer program has been thriving, but the latest virus-related economic crisis could send more troubled companies its way.
Congress requested further study into how the Opportunity Zone program is managed and introduced bills to add parameters and transparency.
A proposal for sweeping reform of the private equity industry might be a long shot, but it's sparking discussions on what investors want.
The White House will nominate the current members of Puerto Rico's federally appointed oversight board, following a legal challenge.
Gordon Hartogensis was approved Tuesday by the Senate to serve as director of the Pension Benefit Guaranty Corp.
Donald Trump's calls for infrastructure spending and bipartisanship are raising the possibility that infrastructure measures could advance.
Federal Reserve monetary policy faces uncertainty in 2019, but 2020 elections could advance infrastructure investing ideas.
Some bipartisan ideas on retirement security could emerge in 2019, but gridlock is likely for other issues.
Corporate stock buybacks and Brexit's impact on U.S. markets were the biggest questions for SEC Chairman Jay Clayton during a Senate hearing.
Tight election races and a potential power shift in the House are raising hopes retirement-related bills could be passed by early 2019.
Gordon Hartogensis' nomination to serve as director of the PBGC will be considered Sept. 27 by the Senate Finance Committee.
The SEC rescinded two staff letters on proxy advisers issued in 2004 that were aimed at assuring managers they could rely on the firms' advice.
A proposed federal loan program for struggling multiemployer pension plans could cost $34 billion over a decade.
A growing number of legislative ideas for improving or expanding access to retirement savings have some chance for success, experts say.
The president signed legislation updating the authority of the Committee on Foreign Investment in the United States to review and block foreign investments.
Using more conservative interest rates to value multiemployer pension liabilities could put the whole system at risk, a congressional panel was told.