SEC Commissioner Michael Piwowar reportedly told ABA conference attendees on Friday that he and Commissioner Kara Stein agreed on the needs to modernize the format of corporate disclosures and shorten the stock settlement cycle from three days to two - among the initiatives that Piwowar presumably could advance when he likely becomes the interim acting chair upon Chair White's near-term departure (as previously reported here). Not surprisingly, Dodd-Frank-related rulemaking, on the other hand, is not on Piwowar's agenda. As reported last week, President-Elect Trump plans to nominate Sullivan & Cromwell partner Jay Clayton to succeed Chair White.
See also this Cooley post, and our prior reports on the implications of the recent election on the Commission here, here, and here.