As readers will recall, in August, the U.S. Chamber of Commerce Institute for Legal Reform (ILR) issued a paper entitled “Courting Confusion: Federal Securities Class Actions Don’t Belong in State Courts,” in which the ILR called for Congress to require that all ’33 Act claims must be brought in federal court and authorize the removal to federal court of ’33 Act liability actions filed in state court, as discussed here. Earlier this month, I recorded an ILR podcast with Andrew Pincus, a partner at the Mayer Brown law firm and the author of the ILR paper, in which Andy and I discuss the Cyan problem; the concerns surrounding federal court securities litigation in state courts; and possible avenues for reform. The podcast, posted on the ILR website on October 12, 2021, can be found here.