WASHINGTON – Sens. John Kennedy (R-La.) and Kevin Cramer (R-N.D.), Senate Banking Committee members, led a bipartisan letter to Treasury Secretary Steven Mnuchin and Internal Revenue...
ICYMI: Louisiana investors need accountability for foreign companies—and Congress delivered
WASHINGTON – Sen. John Kennedy (R-La.), a member of the Senate Banking Committee, published this op-ed in the Baton Rouge Business Report on December 11, 2020. Below are key...
Kennedy urges Barr to return $110 million to Stanford victims by year’s end, Janvey to forgo fees
“For the last two years, I have worked with SEC Chairman Jay Clayton to return these assets to victims of Allen Stanford . . . I respectfully urge you to prioritize the swift transfer of these funds...
Kennedy statement supporting OCC move to prevent discrimination against law-abiding industries
“Banks have a duty to treat their clients fairly, and the OCC is right to make that clear. . . . Banks can’t simply refuse to lend to industries that have fallen out of favor with liberal elites,...
Kennedy statement on SEC Chairman Jay Clayton
“Perhaps most crucially, Chairman Clayton recognizes the existential threat that Communist China’s schemes pose to U.S. markets and every person whose retirement or college savings depends on the...
Kennedy announces $110 million returning to Stanford Ponzi scheme victims
“Allen Stanford’s victims have suffered too long, and it’s past time Societe Generale return their money. I hope to see this $110 million back in the hands of the victims by year’s...
Kennedy leads amicus brief on behalf of Stanford Ponzi scheme victims
“Hardworking Louisianians have already been defrauded, and now the system is kicking them while they’re down. The bottom line is that neither the receiver nor the court has the authority to prevent...
Kennedy urges FDIC to stop companies from taking advantage of legal loophole during pandemic
“I have concerns that we are approaching an inflection point that compromises this nation's longstanding policy of not mixing commerce and banking. In particular, I am deeply concerned about...
Kennedy opposes nomination of SocGen lawyer to investor protection board, cites Stanford Ponzi scheme
“The SIPC Board of Directors should not include a current employee of an entity that is fighting tooth and nail against returning assets to victims of investment fraud. On behalf of the many...
Sens. Kennedy, Van Hollen ask SEC to educate investors about high-risk Chinese companies
“Americans are increasingly concerned that the federal government is not doing enough to address the threat that China poses to our capital markets and national security. . . . These developments...