STATE GOVERNMENT RELATIONS
Indiana Senate rejects mid-decade redistricting push
The Indiana Senate voted 31–19 Thursday to reject a proposed mid-decade congressional redistricting plan. Twenty-one Republicans joined all 10 Democrats in opposition, preventing the bill from advancing. The proposal, which passed the Indiana House last week, aimed to redraw districts to create a 9–0 Republican congressional delegation. Senate leaders indicated ahead of the vote that the measure lacked sufficient Republican support, and several senators cited public feedback, legal concerns and procedural objections in explaining their votes. The bill’s defeat came after sustained advocacy from national and state officials but ultimately reflected divisions within the Republican caucus.
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FEDERAL GOVERNMENT RELATIONS
Trump issues executive orders to challenge state AI laws, rein in proxy advisors
President Trump signed two executive orders creating a task force to challenge state laws on artificial intelligence and directing federal agencies to end “the outsized influence of proxy advisors that prioritize radical political agendas over investor returns.”
Financial stability council to focus on regulatory burden, economic security
The Financial Stability Oversight Council will take an expanded view of the term “financial stability” moving forward by examining whether regulation weakens economic growth and what can be done to strengthen the nation’s economic security, Treasury Secretary Scott Bessent said.
Fed reappoints regional presidents
The Federal Reserve board unanimously reappointed the Reserve Bank presidents and first vice presidents. By law, all presidents and first vice presidents serve five-year terms.
House subcommittee explores right-sizing bank capital requirements
Republican subcommittee members called for a “right-sized” framework that doesn’t overly burden smaller institutions and one Democratic leader promised a “fight” against reducing current requirements.
OCC releases preliminary findings on alleged debanking by large banks
The OCC said it continues to review thousands of documents and consumer complaints but claimed to find instances where banks may have restricted access.