News release: “The Centers for Medicare & Medicaid Services (CMS) today issued a final rule establishing fiscal year (FY) 2011 policies and payment rates for inpatient services furnished to people with Medicare by acute care hospitals, long-term care hospitals (LTCHs), and certain excluded hospitals. Due to the timing of the passage of the Patient Protection… Continue Reading
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Category Archives: Legislation
House Financial Services Committee Approves Legislation to Legalize Internet Gaming
News release: “July 28, 2010, the House Financial Services Committee passed legislation to enable Americans to bet online and put an end to an inappropriate interference with their personal freedom. H.R. 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act of 2009 would establish a federal regulatory and enforcement framework under which Internet gambling… Continue Reading
Testimony: International cooperation and financial regulatory modernization
Governor Daniel K. Tarullo – International cooperation and financial regulatory modernization, Before the Subcommittee on Security and International Trade and Finance, Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C., July 20, 2010 “When you held a hearing on this topic in the fall, I gave an overview of the Federal Reserve’s role… Continue Reading
New Yorker: Obamas economic adviser and his battles over the financial-reform
The Volcker Rule – Obamas economic adviser and his battles over the financial-reform bill, by John Cassidy: “Volcker believes that commercial banks, such as Citigroup and Wells Fargo, are worthy of receiving government assistanceand even, in extremis, taxpayer bailoutsbecause firms and consumers depend upon them for credit. In return for these enterprises being sheltered, they… Continue Reading
WSJ: Historic Finance Bill Includes Major New Rules Affecting Nearly Every Corner of Investing World
Follow up to Dodd-Frank Wall Street Reform and Consumer Protection Act – HR 11-517 and Senate passage of the bill by a 60-39 vote on July 15, 2010, via WSJ: “Buried in the bill’s 800-odd pages are the most sweeping regulatory changes for ordinary investors in decades, affecting everything from mutual funds and retirement plans… Continue Reading
CRS – The Budget Reconciliation Process: The Senate's "Byrd Rule"
The Budget Reconciliation Process: The Senate’s “Byrd Rule”, July 02, 2010 “During the first five years that the Byrd rule was in effect, from late 1985 until late 1990, it consisted of two separate components(1) a provision in statute applying to initial Senate consideration of reconciliation measures, and (2) a Senate resolution extending application of… Continue Reading
House Passes Telework Improvements Act of 2010
News release: “Today, in a bipartisan vote, (290 -131) the House of Representatives approved Congressman John Sarbanes Telework Improvements Act of 2010. This bill will expand telework opportunities for all federal workers, allowing employees to perform their duties and responsibilities from home or another work site removed from their regular place of employment. I believe… Continue Reading
FDA Seeks Public Comment on New Federal Menu Labeling Requirements
News release: “The U.S. Food and Drug Administration today announced that it is inviting the public to submit comments and information to help the agency implement a new federal law that requires the posting of calorie content and other nutrition information on menu items at certain chain restaurants and similar retail food operations and vending… Continue Reading
Citing Conflict with Federal Law, DOJ Challenges Arizona Immigration Law
News release: “The Department of Justice challenged the state of Arizonas recently passed immigration law, S.B. 1070, in federal court today. In a brief filed in the District of Arizona, the Department said S.B. 1070 unconstitutionally interferes with the federal governments authority to set and enforce immigration policy, explaining that the Constitution and federal law… Continue Reading
White House: The APs Look at Health Reform
The White House Blog: The AP’s Look at Health Reform: “Today, the Associated Press takes a look at the first stages of the Affordable Care Act and finds that millions will benefit from the new protections in the new law. The story notes: The first stage of President Barack Obama’s health care overhaul is expected… Continue Reading
Consumer Bankruptcy Filings Up 14% Through First Half of 2010
News release: “U.S. consumer bankruptcy filings totaled 770,117 nationwide during the first six months of 2010 (Jan. 1-June 30), a 14 percent increase over the 675,351 total consumer filings during the same period a year ago, according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC). The consumer… Continue Reading
Securing Protections for the Injured from Limitations on Liability Act
Follow up to postings on the Gulf Coast oil spill see H.R.5503 – Securing Protections for the Injured from Limitations on Liability Act. Sponsor: Rep Conyers, John, Jr. [MI-14] (introduced 6/10/2010) Cosponsors (26). Latest Major Action: 7/1/2010. Passed/agreed to in House. Status: On motion to suspend the rules and pass the bill, as amended Agreed… Continue Reading
