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The meteoric rise in the use of special purpose acquisition companies (SPACs)—with more than $98 billion raised in over 300 deals year-to-date alone—has prompted increased government scrutiny of.
Kothari serves as chief economist and director of the SECâs Division of Economic and Risk Analysis.
Since joining the SEC in March 2019, Kothari led the divisionâs cadre of economists, data scientists and other professionals in advancing the commissionâs mission of protecting investors; maintaining fair, orderly and efficient markets; and facilitating capital formation through sound economic analysis and rigorous data analytics, the SEC said in a news release.
âI have been honored to lead the Division of Economic and Risk Analysis over the last two years,â Kothari said in a statement. âI am thankful for the divisionâs talented staff and the support of the chairman and others at the Commission. Working with everyone here has been a great privilege and tremendously rewarding.â
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On December 8, 2020, the U.S. House of Representatives approved final passage of a $740.5 billion annual defense policy bill, the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (“National Defense Authorization Act” or “NDAA”), by a vote of 335-78-1, a veto-proof majority. Following a filibuster on December 10, on December 11, the U.S. Senate approved the NDAA by a vote of 84-13, also a veto-proof majority. The bill now heads to the President for his signature, who has threatened a veto because the bill does not include a repeal of Section 230 of the Communications Decency Act. Passage of the NDAA marks the 60th consecutive year that the Congress has adopted this legislation, which the Chairman and Ranking Member of the Senate Armed Services Committee noted “fulfills our most important constitutional duty: to provide for the security of this nation and the men and women who lay