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Category Archives: Legislation

Recent Testimony of Federal Reserve Officials

June 16, 2011 – Governor Daniel K. Tarullo – Capital and liquidity standards – Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. June 15, 2011 – Michael R. Foley, Senior Associate Director, Division of Banking Supervision and Regulation, Banking supervision – Before the Subcommittee on Financial Institutions and Consumer Protection, Committee… Continue Reading

NY AG Sues Feds For Failure to Study Fracking

News release: [On May 31, 2011] New York “Attorney General Eric T. Schneiderman announced he was filing a lawsuit against the federal government for its failure to commit to a full environmental review of proposed regulations that would allow natural gas drilling – including the potentially harmful fracking technique – in the Delaware River Basin.… Continue Reading

SEC Guide – Implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act

Implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act: “This law creates a new, more effective regulatory structure, fills a host of regulatory gaps, brings greater public transparency and market accountability to the financial system and gives investors important protections and greater input into corporate governance.” — SEC Chairman Mary L. Schapiro Continue Reading

Federal Telework Progress Report: Making the Grade?

News release: “Telework Exchange, a public-private partnership focused on demonstrating the tangible value of telework, today announced the results of the Federal Telework Progress Report: Making the Grade?, which gauges Federal telework progress against the Telework Enhancement Act of 2010 requirements, and notably the provisions within 180 days to build the foundation for a sustainable… Continue Reading

EPIC: House Passes Budget for TSA, Cuts Funding for Body Scanners

Follow up to previous postings on government implementation of whole body scanning technology at airports, via EPIC: “The House has approved the 2012 budget for the Transportation Security Administration, cutting $270 million from the amount originally requested by the Agency. The cuts include $76 million that had been designated for the purchase of 275 airport… Continue Reading

Fed Governor: Regulating Systemically Important Financial Firms

Regulating Systemically Important Financial Firms, Governor Daniel K. Tarullo At the Peter G. Peterson Institute for International Economics, Washington, D.C., June 3, 2011: “As the one-year anniversary of the Dodd-Frank Act approaches, there will be much discussion about the progress that has been made in reforming financial regulation. Today I would like to get a… Continue Reading

Davis Polk – Dodd-Frank Rulemaking Progress Report Progress as of June 1, 2011

Dodd-Frank Rulemaking Progress Report – Progress as of June 1, 2011: “This Davis Polk Dodd-Frank Rulemaking Progress Report is the third in a series of reports that use empirical data to help market participants and policymakers assess the progress of the rulemaking and other work that has been done by regulators under the Dodd-Frank Act.… Continue Reading

Reauthorization of PATRIOT Act on Deadline

RollCall: “After two days of wrangling and last-minute deal-making in the Senate, Congress cleared a reauthorization of the USA PATRIOT Act on Thursday, and the Obama administration announced that the president signed the bill into law before provisions of the anti-terrorism act expired at midnight. A standoff over amendments in the Senate ate into the… Continue Reading

Analysis of a Permanent Prohibition on Implementing the Major Health Care Legislation Enacted in March 2010

CBO: Analysis of a Permanent Prohibition on Implementing the Major Health Care Legislation Enacted in March 2010 – May 26, 2011 “This letter discusses many of the potential effects of a permanent ban on the use of appropriated funds to implement the health care laws and, where possible, provides information on whether those effects would… Continue Reading

SEC Proposes Rules to Increase Transparency and Improve Integrity of Credit Ratings

Fact Sheet: “The Securities and Exchange Commission [May 18, 2011] voted unanimously to propose new rules and amendments intended to increase transparency and improve the integrity of credit ratings. The proposed rules would implement certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and enhance the SEC’s existing rules governing credit ratings… Continue Reading