Pinpoint Policy Institute

At SEC Speaks today, SEC Commissioner and Biden appointee @MarkUyedaUS dismantled the arguments against the 401k executive order — and made clear the SEC is already working to make private market access for retirement savers a reality.

SEC Commissioner and Biden appointee @MarkUyedaUS at SEC Speaks today on the 401k executive order: "The teacher or firefighter whose retirement is managed by a public pension fund has benefited from meaningful private market exposure for years. The private sector worker saving through mutual funds in a 401k plan has not." It's time everyday Americans have access to the same investment opportunities as institutional investors.

Biden's 2024 fiduciary rule overreach is officially gone. The @USDOL has vacated the rule that would have limited retirement advice options and raised costs for everyday Americans. "The regulation wrongly sought to impose ERISA fiduciary status on securities brokers and insurance agents when there was not a relationship of trust and confidence." - Assistant Secretary Daniel Aronowitz Read more: pinpointpolicyinstitute.org/the-point/bide…

Bipartisan housing bill sounds great - cut red tape, boost supply... but the investor ban on single-family homes is a big problem. Institutional investors own just 2-4% of units & fund NEW rentals. Restrict them & you'll get FEWER homes, higher rents. Great analysis from @Shawn_Regan city-journal.org/article/bipart…

WATCH: "The federal government should not be making retirement investment decisions for hardworking Americans." — @SecretaryLCD Biden’s thumb-on-the-scale rule? Gone. The upcoming 401(k) rule will empower American retirement savers with more investment options. This is how you strengthen retirement security.

Critics say private credit is the next systemic risk. Former Fed Vice Chair Roger Ferguson disagrees. - Leverage ratios far lower than big banks - No federal deposit insurance exposure - No taxpayer backstop The risks don't migrate the way bank failures do. Read more: pinpointpolicyinstitute.org/news/icymi-fmr…

Former Federal Reserve Vice Chair Roger Ferguson sets the record straight on private credit @FT: It's conservative, low-leverage, no taxpayer backstop, and no run risk like banks. Crucially, it drive job creation for middle-market businesses when banks pull back. Diversity in financing = resilience. ft.com/content/8b8698…

The accredited investor standard continues to exclude most Americans along arbitrary lines of wealth and knowledge.

ICYMI: WSJ Editorial nails it—"Put Chuck Schumer on TSA Duty." Democrats' refusal to fund DHS has dragged on for a month, leaving TSA screeners unpaid → massive call-outs, 3-hour security lines, and frustrated travelers. The blame game hurting Main Street flyers. Time to fund & fix. pinpointpolicyinstitute.org/news/icymi-wsj…

Read the full story here: ft.com/content/8b8698…

Former Federal Reserve Vice Chair Roger Ferguson sets the record straight on private credit @FT: It's conservative, low-leverage, no taxpayer backstop, and no run risk like banks. Crucially, it drive job creation for middle-market businesses when banks pull back. Diversity in financing = resilience.

"Entrepreneurs and high-performing workers will now think twice about coming to a state that explicitly designs laws to penalize success," the Editorial Board writes. wapo.st/4rN2ZvP

Private credit funds are safer than traditional banks: less leveraged, no deposit runs, and failures stay contained. They fill the credit gap banks won't touch—fueling growth for companies, especially tech & new economy. Judge Glock @judgeglock nails it in City Journal: Private credit makes the financial system safer. Read: city-journal.org/article/privat…

Pinpoint called it: Washington's '10% tax on millionaires' won't fix the $2B deficit—it's a spending problem, not a revenue one. The WSJ agrees: This erodes WA's no-income-tax edge, drives out jobs/investment, and sets up middle-class tax hikes next. Spot on. wsj.com/opinion/washin…

WATCH: @ericbolling torches Elizabeth Warren plan to massively increase bank insurance deposit limits, leaving taxpayers on the hook @RealAmVoice

WSJ Editorial: ‘a big win for Massachusetts Sen. Elizabeth Warren and the political left.’ The Senate housing bill delivers her vision: curb corporate landlords on single-family homes, expand fed power over zoning via HUD, reward dense development. Warren’s exuberant press release says it all. Coup achieved?

California called it a one-time tax. It was never going to stay that way. @veroderugy breaks down why the Billionaire Tax Act is just the opening act — and who gets hurt when the sequels arrive. via @CivitasOutlook civitasoutlook.com/research/calif…

Overregulation is strangling private credit markets — and American growth is paying the price. @StephenMoore makes the case: ditch the red tape and let private credit fuel America's future. washingtonexaminer.com/opinion/448379…

Congress is taking up the 21st Century ROAD to Housing Act, and as @AEI's Ed Pinto says, the bill "would turn what has been a legal and permissible activity—namely, investment in one- and two–unit homes for renters—into a suspect activity heavily regulated by the U.S. Treasury." It's a terrible policy idea.