Tim Scott

Rule Changes

Shepherded Warsh through committee

The Senate confirmed Kevin Warsh as the 17th Federal Reserve chair on May 13, 54-45—the closest such vote on record. He took over on May 15, when Jerome Powell's term expired and Powell stepped back to a regular governor seat.

Updated Yesterday

Money Moves

New political critic urging DOJ/FTC to scrutinize and potentially block the merger

After Netflix and Warner Bros. Discovery announced their $72 billion equity-value agreement on December 5, the transaction quickly became a live bidding contest and a regulatory test case. On December 8, Paramount Skydance launched an unsolicited all-cash tender offer at $30 per share to derail the Netflix deal and keep WBD intact, including networks slated for its Discovery Global spin-off. Within days, Netflix began a coordinated shareholder push backing its signed merger agreement and emphasizing regulatory execution, while WBD prepared formal filings to respond to the tender offer.

Updated 7 days ago

Rule Changes

Leading congressional effort to ban reputational risk standards

Donald Trump banked with JPMorgan Chase for decades. Seven weeks after the January 6 Capitol attack, the bank gave him 60 days to move hundreds of millions of dollars elsewhere. Now, as a sitting president, Trump is suing America's largest bank and its CEO for $5 billion, alleging political discrimination.

Updated Jan 25