Areas of Practice
- Government Affairs & Public Policy
- Financial Services
- Emerging Financial Technologies
- Blockchain and Digital Currency
- Commodity Futures Trading Commission
- George Washington University Law School, J.D., 1984
- George Washington University, B.B.A., 1979
Bar & Court Admissions
- District of Columbia
Washington DC 20036
TEL: +1 202 429 6290
FAX: +1 202 429 3902
Micah S. Green is the co-chair of Steptoe’s Government Affairs & Public Policy Group and also heads the firm’s cross disciplinary financial services practice, which advises clients on the full spectrum of legislative, regulatory, compliance, enforcement, and litigation issues.
Mr. Green has more than three decades of experience working directly with key policy makers who impact the regulation of the financial services, financial products, and capital markets sectors, as well as those who draft tax laws and regulations. He brings a deep understanding of the policy and political environment coupled with recognized experience in market and industry leadership, crisis management, and legislative and regulatory advocacy. His clients include the players and products in the financial markets throughout the US and globally.
His practice also extends to regulatory matters involving the Securities Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Consumer Financial Protection Bureau (CFPB), Federal Reserve, and other financial regulatory agencies. He represents clients on a wide range of issues, with a particular emphasis on capital markets, financial products and the new regulatory framework governing the swaps market.
Clients benefit from his first-hand knowledge of the needs of different types of markets, businesses, and financial products gained during his 20-year tenure at a leading trade association. Prior to entering private practice he served as president and co-CEO of the Securities Industry and Financial Markets Association (SIFMA), which was formed by a merger between The Bond Market Association and the Securities Industry Association. At the time of the merger, he had served as president and CEO of The Bond Market Association (BMA) for seven years. He was responsible for leading the full-service trade association in its representation of the largest financial markets in the world, the estimated $48 trillion debt markets, and a diverse mix of more than 460 securities firms and banks, multiproduct firms, and companies with special market and regional niches.
Mr. Green oversaw BMA’s expansion across the globe - establishing offices in Europe and Asia – and was responsible for expanding the range and depth of services available to members through legal/regulatory and market standards and practices initiatives, and shepherding the industry through post-9/11 market issues. Mr. Green’s success in bringing together fierce business competitors to collectively pursue responsible practices and policies to strengthen the markets and the reputation of its participants endures as one of his greatest achievements at BMA.
Before joining BMA, Mr. Green was tax legislative counsel at MCI Communications, where he was responsible for implementing the federal, state, and local tax legislative efforts of the telecommunications company and leading MCI’s lobbying efforts during major tax reform.
Mr. Green spent the first seven years of his career working on Capitol Hill, including serving as staff director of the Subcommittee on Human Resources. In that role he was involved in numerous civil service-related issues, including a federal program to review programs that can be contracted out and the Ethics-in-Government-Act.
- Represent the Depository Trust and Clearing Corporation (DTCC) through the Dodd Frank legislative process, continuing into the ongoing rule-making process at the CFTC and the SEC on matters relating to Swap Data Repositories under Title VII of Dodd Frank. This has involved extensive legislative and regulatory work, including direct advocacy and in-depth research and writing (e.g., comment letters).
- Represent the Wholesale Markets Brokers Association (WMBA) through the Dodd Frank legislative process continuing into the ongoing rule-making process at the CFTC and the SEC on matters relating to Swap Execution Facilities under Title VII under Dodd Frank.
- Represent Assured Guaranty, a financial guarantor, since the credit crisis in 2008 before the US Congress, the Treasury Department, the Federal Reserve Board of Governors, other bank regulators as well as the SEC and CFTC.
- Represented a large group of institutional mortgage investors in dealing with the various governmental actions relating to mortgage foreclosure issues in order to ensure that investors’ interests are known and considered. This involved heavy interaction with Congress, Treasury, the Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA), the Federal Housing Finance Agency (FHFA), the Federal Reserve Board of Governors, and other agencies.
- Represented the Association of Institutional Investors, made up of many of the largest institutional asset management firms, to ensure that their views are considered in numerous post-Dodd Frank rule-makings including the Volcker Rule, Derivatives Regulation, new fiduciary standards, and other areas.
- Represent the Foreign Exchange Professionals Association, an association made up of a broad base of firms in the foreign exchange market including banks, trading platforms, institutional investors, public pension funds, exchanges, clearinghouses, corporate end users, and technology providers.
The Bond Market Association/SIFMA
- Led The Bond Market Association’s advocacy efforts which resulted in Congress expanding the use of municipal bonds by eliminating the volume cap on tax exempt 501(c)(3) bonds in 1997 and approved increases in private activity bond volume caps in 1998 and again in 2000. Also led efforts to successfully avert negative tax proposals affecting the issuance of numerous corporate bond instruments.
- Oversaw industry-wide emergency activities during the September 11 crisis to reopen the fixed income markets within 48 hours of the tragedy.
- Successfully managed The Bond Market Association’s immediate response to a major market scandal that put at risk the basic structure and nature of the US government securities market.
- Worked extensively with regulators at the SEC, Federal Reserve, Treasury and other agencies to ensure that policies recognized, and preserved the need for, market efficiency and liquidity.
- The Legal 500 US, Government: Government Relations, 2016
- "Top Lobbyists," The Hill, 2016
Select News & Events
- Bloomberg BNA Quotes Green, Kulkin on Two-Commissioner CFTC
- The Hill Quotes Micah Green on the Revival of a Proposed Bank Tax
- Coin Desk Quotes Micah Green on ‘Acting’ CFTC Chair’s Progressive Agenda
- Law360 Quotes Micah Green on ENISA’s Blockchain Cybersecurity Paper
- Winter Meeting, ABA Business Law Section, Derivatives & Futures Law Committee, January 19, 2017
- SefCon VII 2017, Profit & Loss, January 18, 2017
- Financial Times Quotes Micah Green on Relations Between Trump and Congress
- The Bond Buyer Quotes Micah Green on Tax Reform Plans Under Trump
- Environmental Regulation in the New Administration, December 15, 2016, A Steptoe-sponsored event
- "The First 100 Days: Predictions for US Companies and the Counsel Who Advise Them," LexisNexis, December 7, 2016
- Post-Election Recap: Policymaking Agenda for 2017, November 10, 2016, A Steptoe-sponsored event
- US Treasury Market Review: Prelude to a New World Order?, March 10, 2016, A Steptoe-sponsored event
- American Bar Association
- The Bond Club of New York
- Bretton Woods Committee
- Former President, Congregation B'Nai Tzedek, Potomac, Maryland
- The Economic Club of Washington, DC
- Former Chancellor, Exchequer Club of Washington, DC
- Kappa Beta Phi
- Municipal Bond Forum of New York
- Executive Committee, National Jewish Democratic Council