White House Threatens Veto Of GOP Securities Bills

By Carmen Germaine (September 7, 2016, 4:14 PM EDT) -- The Obama administration on Tuesday said it would likely veto several bills aimed at simplifying the registration process for selling securities and cutting paperwork for private funds, as well as a bill prohibiting the government from reaching settlements that require donations to third parties.

The White House Office of Management and Budget on Tuesday issued three statements of administrative policy, saying that senior advisers would recommend President Barack Obama veto a series of laws currently pending in the U.S. House of Representatives that the administration claims would weaken the financial markets and harm investors. The OMB also targeted a bill that...

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