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Category Archives: Legislation

Systemically Important or “Too Big to Fail” Financial Institutions

CRS – Systemically Important or “Too Big to Fail” Financial Institutions. Marc Labonte, Specialist in Macroeconomic Policy. September 19, 2014. “Although “too big to fail” (TBTF) has been a perennial policy issue, it was highlighted by the near-collapse of several large financial firms in 2008. Financial firms are said to be TBTF when policy makers judge that their failure wouldContinue Reading

New GAO Reports – Army Corps of Engineers, Bureau of Prisons, CFPB, ID Theft, Oil and Gas Transportation, Affordable Care Act

ARMY CORPS OF ENGINEERS: The Corps Needs to Take Steps to Identify All Projects and Studies Eligible for Deauthorization, GAO-14-699: Published: Aug 21, 2014. Publicly Released: Sep 22, 2014. BUREAU OF PRISONS: Management of New Prison Activations Can Be Improved, GAO-14-709: Published: Aug 22, 2014. Publicly Released: Sep 22, 2014. CONSUMER FINANCIAL PROTECTION BUREAU:Some Privacy and Security Procedures for Data CollectionsContinue Reading

Americans’ Trust in Executive, Legislative Branches Down

Gallup: “Americans’ trust in each of the three branches of the federal government is at or near the lows in Gallup’s trends, dating back to the early 1970s. Americans’ trust in the legislative branch fell six percentage points this year to a new low of 28%. Trust in the executive branch dropped eight points, toContinue Reading

H.R.1232 – Federal Information Technology Acquisition Reform Act

Federal Information Technology Acquisition Reform Act – Title I: Management of Information Technology Within Federal Government – (Sec. 101) Modifies the current framework governing the management of information technology (IT) within the federal government to require presidential appointment or designation of the Chief Information Officer (CIO) in the following federal agencies: Department of Agriculture (USDA), Department ofContinue Reading

Legislative Actions to Repeal, Defund, or Delay the Affordable Care Act

CRS – Legislative Actions to Repeal, Defund, or Delay the Affordable Care Act, C. Stephen Redhead, Specialist in Health Policy; Janet Kinzer, Information Research Specialist. September 12, 2014. “Congress is deeply divided over implementation of the Patient Protection and Affordable Care Act (ACA), the health reform law enacted in March 2010. Since the ACA’s enactment, lawmakers opposed to specific provisionsContinue Reading

H.R. 4387, FSOC Transparency and Accountability Act

CBO – As ordered reported by the House Committee on Financial Services on June 20, 2014 “H.R. 4387 would allow all members of the governing bodies of certain agencies that are represented on the Financial Stability Oversight Council (FSOC)—the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Board of Governors ofContinue Reading

Diplomatic and Embassy Security Funding Before and After the Benghazi Attacks

CRS – Diplomatic and Embassy Security Funding Before and After the Benghazi Attacks, Susan B. Epstein, Specialist in Foreign Policy. September 10, 2014  “As Congress investigates the issues surrounding the September 11, 2012 attacks on U.S. facilities in Benghazi, Libya, some Members have questioned whether security funding was adequate or was a factor that may have contributed to inadequateContinue Reading

Federal Open Payments Database Tracking Pharma Arriving September 30

KFF – Shefali Luthra: “Despite technical glitches, the federal “Open Payments” database – which tracks pharmaceutical company contributions to doctors and teaching hospitals – remains on track for its scheduled Sept. 30 launch, the Centers for Medicare and Medicaid Services confirmed. It was mandated by a sunshine act included in the federal health law seeking to ease concerns that pharmaceuticalContinue Reading

Protection of Trade Secrets: Overview of Current Law and Legislation

Protection of Trade Secrets: Overview of Current Law and Legislation. Brian T. Yeh, Legislative Attorney. September 5, 2014. “A trade secret is confidential, commercially valuable information that provides a company with a competitive advantage, such as customer lists, methods of production, marketing strategies, pricing information, and chemical formulae. (Well-known examples of trade secrets include the formula for Coca-Cola, the recipeContinue Reading

Paper- Changes to Equity Markets Require Structural Reforms

“Regulatory policy has not kept pace with the significant changes that have occurred in our stock market within the last few decades, according to a CFA white paper on market structure. The white paper analyzes those market changes and proposes reforms that are designed to foster transparency, ensure high market quality, minimize conflicts of interest, guaranteeContinue Reading

Regulating Law Enforcement’s Use of Drone: The Need for State Legislation

Smith, Michael L., Regulating Law Enforcement’s Use of Drone: The Need for State Legislation (September 5, 2014). Available for download at SSRN: http://ssrn.com/abstract=2492374 “The recent rise of domestic drone technology has prompted privacy advocates and members of the public to call for the regulation of the use of drones by law enforcement officers. Numerous states haveContinue Reading

‘Competitiveness’ Has Nothing to Do With It

Kleinbard, Edward D., ‘Competitiveness’ Has Nothing to Do With It (August 5, 2014). Tax Notes, Forthcoming; USC CLASS Research Papers Series No. CLASS 14-26; USC Legal Studies Research Papers Series No. 14-34. Available for download at SSRN: http://ssrn.com/abstract=2476453. “The recent wave of corporate tax inversions has triggered interest in what motivates these tax-driven transactions now. CorporateContinue Reading