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News January 24, 2005 Issue

Mutual Funds a ‘Key Priority’ For Senate Banking Committee

The topic of mutual funds was featured on a list of eleven "key committee priorities" for the Senate Banking Committee, released by Chairman Richard Shelby (R-AL) last week. As part of its "tentative agenda" for 2005, Shelby said that the committee will continue its oversight of the mutual fund industry, and expects SEC Chairman William Donaldson to testify at some point on the SECís ongoing efforts "to address abuses in the mutual fund industry." Other key items include insurance issues, credit rating agencies, SOX, and "regulatory relief."