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Daily Archives: July 4, 2012

Exchange of letters between Chancellor and Governor of the Bank of England

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via Monetary policy in the UK: “The Asset Purchase Facility (APF) was announced on 19 January 2009 with the objective of increasing the availability of corporate credit, in order to support the Bank of England’s responsibilities for financial stability and monetary stability in the UK. At the request of the Monetary Policy Committee (MPC), the APF was expanded on 3 March 2009 to enable the MPC to use it for monetary policy purposes, financing asset purchases by the issuance of central bank reserves, in order to meet the inflation target in the medium term. On 5 July 2012, the Government published letters exchanged between the Chancellor of the Exchequer and the Governor of the Bank of England that authorise the MPC to increase the ceiling on the scale of asset purchases through the APF financed by the issuance of central bank reserves.

ACA: A Brief Overview of the Law, Implementation, and Legal Challenges

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CRS – ACA: A Brief Overview of the Law, Implementation, and Legal Challenges, July 3, 2012 “On June 28, 2012, the Supreme Court issued its decision in National Federation of Independent Business v. Sebelius, finding that the individual mandate is a constitutional exercise of Congress’s authority to levy taxes. However, the Court held that it… Continue Reading

The Development of High Speed Rail in the United States: Issues and Recent Events

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CRS – The Development of High Speed Rail in the United States: Issues and Recent Events, June 28, 2012 “The provision of $8 billion for intercity passenger rail projects in the 2009 American Recovery and Reinvestment Act (ARRA; P.L. 111-5) reinvigorated efforts to expand intercity passenger rail transportation in the United States. The Obama Administration… Continue Reading

CRS – Federal Laws Relating to Cybersecurity: Discussion of Proposed Revisions

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Federal Laws Relating to Cybersecurity: Discussion of Proposed Revisions. Eric A. Fischer, Senior Specialist in Science and Technology, June 29, 2012 “For more than a decade, various experts have expressed increasing concerns about cybersecurity, in light of the growing frequency, impact, and sophistication of attacks on information systems in the United States and abroad. Consensus… Continue Reading

FAS posts CRS Reports on FDA Approval Processes for Drugs and Devices

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How FDA Approves Drugs and Regulates Their Safety and Effectiveness, Susan Thaul, Specialist in Drug Safety and Effectiveness – June 25, 2012 FDA’s Authority to Ensure That Drugs Prescribed to Children Are Safe and Effective, Susan Thaul – Specialist in Drug Safety and Effectiveness, June 25, 2012 FDA Regulation of Medical Devices, Judith A. Johnson,… Continue Reading

USTR Introduces New Copyright Exceptions and Limitations Provision at San Diego TPP Talks

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“For the first time in any U.S. trade agreement, the United States is proposing a new provision, consistent with the internationally-recognized “3-step test,” that will obligate Parties to seek to achieve an appropriate balance in their copyright systems in providing copyright exceptions and limitations for purposes such as criticism, comment, news reporting, teaching, scholarship, and… Continue Reading

Specific Risk Factors in the Laundering of Proceeds of Corruption – Assistance to reporting institutions

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Via the Financial Action Task Force (FATF), an inter-governmental body: “The report Specific Risk Factors in the Laundering of Proceeds of Corruption [June 2012] was written to assist reporting institutions to better analyse and better understand specific risk factors that may assist them in identifying situations posing a heightened risk of corruption-related money laundering risk.… Continue Reading

Paper – Measuring the Cost of Cybercrime

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Via the 11th Annual Workshop on the Economics of Information Security – Measuring the Cost of Cybercrime – Ross Anderson, Chris Barton, Rainer Rainer Bohme, Richard Clayton, Michel J.G. van Eeten, Michael Levi, Tyler Moore, Stefan Savage “In this paper we present what we believe to be the rst systematic study of the costs of… Continue Reading

CRS – China’s Economic Conditions

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China’s Economic Conditions, Wayne M. Morrison, Specialist in Asian Trade and Finance, June 26, 2012 “Some economic forecasters project that China will overtake the United States as the world’s largest economy within a few years, although U.S. per capita GDP levels are expected to remain much larger than that of China for many years to… Continue Reading