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Category Archives: Legislation

GAO Reports – Financial Literacy, Managing for Results

  • Highlights of a Forum: Financial Literacy: The Role of the Workplace, GAO-15-639SP: Published: Jul 7, 2015. Publicly Released: Jul 7, 2015: “Employers are well-suited to play a role in promoting financial literacy. Participants noted that employers already provide information on employee benefits, have key information about employees’ lives, and are generally trusted to provide sound financial information and advice…”
  • Managing for Results: Agencies Report Positive Effects of Data-Driven Reviews on Performance but Some Should Strengthen Practice, GAO-15-579: Published: Jul 7, 2015. Publicly Released: Jul 7, 2015: “The GPRA Modernization Act of 2010 (GPRAMA) requires that federal agencies review progress on agency priority goals (APG) at least once a quarter. GPRAMA requires that reviews be conducted by top agency leaders, involve APG goal leaders and other contributors, and be used to identify at-risk goals and strategies to improve performance. While GPRAMA requires that agencies conduct reviews, it also required the Office of Management and Budget (OMB) to prepare guidance on its implementation. Since 2011, OMB has provided guidance on how reviews should be conducted, specifying they should be held in person. Further, GAO previously identified nine leading practices for reviews…”

Regulatory agencies post public sections of resolution plans

“The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday posted the public portions of annual resolution plans for 12 large financial firms.  Each plan must describe the company’s strategy for rapid and orderly resolution under the U.S. Bankruptcy Code in the event of material financial distress or failure of the company.Continue Reading

The USA Freedom Act: A Partial Response to European Concerns about NSA Surveillance

Swire, Peter. The USA Freedom Act: A Partial Response to European Concerns about NSA Surveillance. Working Paper GTJMCE 2015-1. Sam Nunn School of International Affairs  – Georgia Institute of Technology. “In June 2015, the Congress adopted and President Obama signed the USA Freedom Act, the biggest pro-privacy change to U.S. intelligence law in nearly 40Continue Reading

SEC and CFTC Turn to Swaps and Security-Based Swaps Enforcement

Harvard Law School Forum on Corporate Governance and Financial Regulation – July 5, 2015 – Annette L. Nazareth, Davis Polk & Wardwell:  “The week of June 15, 2015 saw two of the first publicly announced enforcement actions brought by the Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) to enforce security-based swapContinue Reading

CBO Answers to Questions About Dynamic Analysis

Keith Hall, CBO Director – “In May, the Congress adopted a concurrent resolution on the budget for fiscal year 2016. That resolution requires CBO, to the greatest extent practicable, to incorporate macroeconomic effects into its 10-year cost estimates for major legislation that Congressional committees approve. Such estimates must also include, when practicable, a qualitative assessmentContinue Reading

Report – Who Has Your Digital Back?

Who Has Your Back? 2015: Protecting Your Data From Government Requests. July 2, 2015 | By Parker Higgins: “We live digital lives—from the videos shared on social networks, to location-aware apps on mobile phones, to log-in data for connecting to our email, to our stored documents, to our search history. The personal, the profound, andContinue Reading

Medicare Advantage 2015 Spotlight: Enrollment Market Update

Kaiser Family Foundation – Jun 30, 2015 | Gretchen Jacobson, Anthony Damico, Tricia Neuman, and Marsha Gold “Despite concerns that reductions in payments to Medicare Advantage plans enacted in the Affordable Care Act of 2010 (ACA) would lead to reductions in Medicare Advantage enrollment, the number and share of Medicare beneficiaries enrolling in Medicare AdvantageContinue Reading

Federal Reserve Board releases first determination of aggregate consolidated liabilities of all financial companies

“The Federal Reserve Board on [July 1, 2015] released its first determination of the aggregate consolidated liabilities of all financial companies in accordance with section 622 of the Dodd-Frank Act, which prohibits any financial company from combining with another company if the resulting company’s liabilities exceed 10 percent of the aggregate consolidated liabilities of allContinue Reading

Secret court authorizes continued telephone metadata collection

The Guardian UK: “After a decade in the shadows, a secretive surveillance court that authorises the bulk collection of American telephone records seized on its last chance to show off a little personality on Tuesday [June 30, 2015]. “Plus ça change, plus c’est la même chose, well, at least for 180 days,” wrote judge MichaelContinue Reading

GPO releases Congressional Member Guide App -114th Congress

“The U.S. Government Publishing Office (GPO) has released the Mobile Member Guide app for the 114th Congress. The mobile Web app provides the public with quick, easy access to information on Members of the 114th Congress; the features include their picture, party affiliation, hometown, home state, and length of service. The app allows users toContinue Reading

Procedures for Congressional Action in Relation to Nuclear Agreement with Iran

CRS report – Procedures for Congressional Action in Relation to a Nuclear Agreement with Iran. Valerie Heitshusen, Analyst on Congress and the Legislative Process; Richard S. Beth, Specialist on Congress and the Legislative Process. June 23, 2015. “An April 2015 framework for negotiations on a comprehensive nuclear agreement with Iran suggests that a final agreementContinue Reading

What Do Rating Agencies Think about “Too-Big-to-Fail” Since Dodd-Frank?

Liberty Street Economics – New York Fed – First in a two-part series, Gara Afonso and João Santos: “Did the Dodd-Frank Act end ‘‘too-big-to-fail’’ (TBTF)? In this series of two posts, we look at this question through the lens of rating agencies and financial markets. Today we begin by discussing rating agencies’ views on thisContinue Reading