Daily Financial Regulation Update -- Thursday, July 30, 2026

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Major Developments

Federal Reserve Board

Federal Reserve Issues FOMC Statement

July 29, 2026

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 3.5% to 3.75%, in support of the Federal Reserve’s dual mandate. 

• Statement
• Implementation Note

 

Federal Agencies

US Department of the Treasury

Treasury Unveils Redesigned CFIUS Website

July 29, 2026

The Department of the Treasury, as chair of the Committee on Foreign Investment in the United States (CFIUS), launched a dedicated CFIUS website that modernizes how information is organized and introduces new features to help parties better understand and navigate CFIUS processes. 

• Press Release

 

Commodity Futures Trading Commission

Chair’s Remarks at Agricultural Advisory Committee Meeting

July 29, 2026

Commodity Futures Trading Commission Chair Michael S. Selig gave remarks at a meeting of the Agricultural Advisory Committee.

• Remarks

 

International

Bank of England

Money and Credit — June

July 29, 2026

The Bank of England released the Money and Credit statistics and effective interest rates for June 2026.

• Money and Credit
• Effective Interest Rates

 

Bank of England Prudential Regulation Authority

Statement of Policy: ‘The PRA’s Approach to Identifying Other Systemically Important Institutions (O-SIIs)’

July 29, 2026

The Prudential Regulation Authority issued a statement of policy outlining its approach to identifying other systemically important institutions (O-SIIs).

• Statement of Policy

 

Statement of Policy: ‘The PRA’s Approach to the Publication of Solvency II Technical Information’

July 29, 2026

The Prudential Regulation Authority released a statement of policy on its approach to the publication of Solvency II technical information.

• Statement of Policy

 

Policy Statement: ‘Solvency UK: Post-Implementation Reporting and Disclosure Amendments and Own Funds Permissions Update’

July 29, 2026

The Prudential Regulation Authority issued a policy statement titled “Solvency UK: Post-implementation reporting and disclosure amendments and Own Funds permissions update.”

• Policy Statement

 

Administration Changes

Vacancies

Appointments/Confirmation Hearings

U.S. Department of the Treasury – Scott Bessent (effective January 27, 2025)

Federal Reserve Board – Kevin Warsh (effective May 22, 2026)

• Vice Chair Phillip N. Jefferson (sworn in September 13, 2023)
• Vice Chair for Supervision Michelle W. Bowman (sworn in June 9, 2025)
• Governor Michael Barr (sworn in July 19, 2022)
• Governor Christopher J. Waller (sworn in December 18, 2020)
• Governor Lisa D. Cook (sworn in September 13, 2022)
• Governor Jerome H. Powell (sworn in June 16, 2014)

Federal Reserve Bank of New York – John C. Williams (effective June 18, 2018)

Federal Reserve Bank of Boston – Susan M. Collins (effective July 1, 2022)

Federal Deposit Insurance Corporation – Travis Hill (effective January 13, 2026)

• Vice Chairman Vacant
• Director Vacant
• Director Jonathan Gould (Comptroller of the Currency)
• Director Russel Vought (Acting Director of Consumer Financial Protection Bureau)

Office of the Comptroller of the Currency – Jonathan Gould (effective July 15, 2025)

Securities and Exchange Commission – Paul Atkins (effective April 9, 2025)

Commodity Futures Trading Commission – Michael Selig (effective December 22, 2025)

Consumer Financial Protection Bureau – Russel Vought (Acting Director effective February 10, 2025); Nominee Brian Johnson (nominated June 10, 2026 – nomination hearing July 24, 2026)

National Credit Union Administration – Kyle Hauptman (Chairman effective January 20, 2025)

Small Business Administration – Kelly Loeffler (effective February 19, 2025)

U.S. Department of Housing and Urban Development – Scott Turner (effective February 5, 2025)

Federal Housing Finance Agency – William Pulte (effective March 13, 2025)

U.S. Department of Education – Linda McMahon (effective March 3, 2025)

Financial Crimes Enforcement Network – Andrea Gacki (effective July 13, 2023)

 

PH Client Alerts

Click here to read more from our Coronavirus series.

 

Legislation/Legislative Updates

Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), enacted March 27, 2020.

Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, enacted April 24, 2020.

Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, enacted June 5, 2020.

Click here to view the full text of theConsolidated Appropriations Act, 2021, enacted December 27, 2020.

Click here to view the full text of the American Rescue Plan of 2021, enacted March 11, 2021.

Click here to view the full text of the PPP Extension Act of 2021, enacted March 30, 2021.

Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services and House Committee on Small Business