PANews reported on June 2nd that, according to Bloomberg, the White House is reviewing early proposals from the SEC and CFTC to reconsider reporting requirements for swaps and securities swaps. Currently in the pre-ruling stage, the two regulatory agencies plan to solicit public comments before formally drafting regulatory details. The current reporting rules for swaps and security swaps in the United States are inconsistent, and some existing compliance exemptions will expire in 2029. Last month, the International Swaps and Derivatives Association and the Securities Industry and Financial Markets Association jointly sent a letter urging regulators to unify data reporting standards for the two types of products. ICE Trade Vault LLC also submitted a similar request. The CFTC stated that this work is being carried out jointly by the two agencies, and the SEC chairman had already arranged for the establishment of a unified reporting system at an industry meeting in March. The new rules will require two rounds of institutional voting and public comment before implementation.