As companies prepare for potential changes to the regulatory enforcement landscape in a Biden administration and assess the risks and challenges ahead, it is important to evaluate how enforcement is likely to change—and how it might remain the same.

Overall a Biden administration will bring increased regulations and enforcement activity. Two policy priorities will drive the regulatory enforcement agenda in both the short and long term. First, there will be a laser focus on increased stimulus and relief funding with stricter accountability for fraud and abuse. Second, there will be a shift from a Main Street to a Wall Street focus with greater enforcement attention on larger institutions and public companies.

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