Study on the Resolution of Financial Companies under the Bankruptcy Code, July 2011 “Under section 216 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), the Board of Governors of the Federal Reserve System (the Board), in consultation with the Administrative Office of the United States Courts (the Administrative Office),… Continue Reading
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Category Archives: Legislation
Federal Reserve seeks comment on notice outlining regulations previously issued by OTS
News release: “The Federal Reserve Board is seeking comment on a notice that outlines the regulations previously issued by the Office of Thrift Supervision (OTS) that the Federal Reserve will continue to enforce after assuming supervisory responsibility for savings and loan holding companies (SLHCs). Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, supervisory… Continue Reading
Office of Thrift Supervision Integration; Dodd-Frank Act Implementation
“The Office of the Comptroller of the Currency (OCC) is adopting amendments to its regulations governing organization and functions, availability and release of information, post-employment restrictions for senior examiners, and assessment of fees to incorporate the transfer of certain functions of the Office of Thrift Supervision (OTS) to the OCC pursuant to Title III of… Continue Reading
New GAO Reports: Children's Television Act, Defense Logistics, DOD Civilian Personnel, Dodd-Frank Act, EPA Health Risk Assessments
Children’s Television Act: FCC Could Improve Efforts to Oversee Enforcement and Provide Public Information, GAO-11-659, July 14, 2011 Commonwealth of the Northern Mariana Islands – Status of Transition to Federal Immigration Law, GAO-11-805T, July 14, 2011 Defense Logistics: Oversight and a Coordinated Strategy Needed to Implement the Army Workload and Performance System, GAO-11-566R, July 14,… Continue Reading
FTC Hart-Scott-Rodino Premerger Notification System
“The Hart-Scott-Rodino Act established the federal premerger notification program, which provides the FTC and the Department of Justice with information about large mergers and acquisitions before they occur. The parties to certain proposed transactions must submit premerger notification to the FTC and DOJ. Premerger notification involves completing an HSR Form, also called a Notification and… Continue Reading
Report: Repeal of Lighting Standards Would Jeopardize $12.5 Billion in Consumer Savings
NRDC: “With Congress about to consider eliminating 2007 lighting efficiency standards before they even take effect, a new analysis shows the standards would save the country more than $12.5 billion annually when fully implemented in 2020. Americans’ energy costs would be reduced by an average of 7 percent or about $85 per household each and… Continue Reading
Basel Committee on Banking Supervision – Resolution policies and frameworks progress so far
Resolution policies and frameworks progress so far, July 2011 “The report reflects the progress being made in the area of cross-border bank resolution since the Basel Committee published a set of ten recommendations in March 2010. The report also responds to the Financial Stability Board November 2010 recommendations on systemically important financial institutions for… Continue Reading
CBO – Medicare's Payments to Physicians: The Budgetary Impact of Alternative Policies
Medicares Payments to Physicians: The Budgetary Impact of Alternative Policies, June 4, 2011 “The Congressional Budget Office (CBO) projects that, under current law, payment rates for physician services will be reduced by 29.4 percent in 2012. That large reduction called for under current law follows several years of legislative action to either maintain or increase… Continue Reading
Legislation Will Reduce Number of Positions Requiring Full Senate Confirmation By 169 Positions, Reducing Gridlock
News release: “[June 29, 2011] U.S. Senators Charles E. Schumer (D-NY), Lamar Alexander (R-TN), Joe Lieberman (ID-CT) and Susan Collins (R-ME) announced the Senates passage of bipartisan legislation to clear the backlog of stalled executive nominations by permanently exempting a range of positions from Senate confirmation. The legislation, which passed 79 to 20, will reduce… Continue Reading
Lawmakers Seek Smarter National, Homeland Security Through Federal Agency Job Rotation
News release: “A bipartisan, bicameral group of legislators introduced bills in the House and Senate Thursday to improve the efficiency and effectiveness of the federal governments national and homeland security missions by encouraging the government-wide integration of Executive Branch employees working in those areas. The Interagency Personnel Rotation Act of 2011, S.1268 and H.2314, would… Continue Reading
The Orderly Liquidation of Lehman Brothers Holdings Inc. under the Dodd-Frank Act
The Orderly Liquidation of Lehman Brothers Holdings Inc. under the Dodd-Frank Act, FDIC Quarterly, Early release for the upcoming 2011, Volume 5, No. 2 “The bankruptcy filing of Lehman Brothers Holdings Inc. (Lehman or LBHI) on September 15, 2008, was one of the signal events of the financial crisis. The disorderly and costly nature of… Continue Reading
Brief Guide to the European Union and Its Legislative Processes
A Brief Guide to the European Union and Its Legislative Processes, June 2011 – “The EU, created by the Treaty of Maastricht1, is a union of 27 independent states. It was founded to enhance political, economic and social cooperation. Its origins date back to the 1950s and the establishment of three organisations: European Coal and… Continue Reading
