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Category Archives: Legislation

CRS – Regulatory Reform 10 Years After the Financial Crisis

Via FAS – Regulatory Reform 10 Years After the Financial Crisis: Systemic Risk Regulation of Non-Bank Financial Institutions. Jay B. Sykes, Legislative Attorney. April 12, 2018.
“When large, interconnected financial institutions become distressed, policymakers have historically faced a choice between (1) a taxpayer-funded bailout, and (2) the destabilization of the financial system—a dilemma that commentators have labeled the “too-
big-to-fail” (TBTF) problem. The 2007-2009 financial crisis highlighted the significance of the TBTF problem. During the crisis, a number of large financial institutions experienced severe distress, and the federal government committed hundreds of billions
of dollars in an effort to rescue the financial system. According to some commentators, the crisis underscored the inadequacy of existing prudential regulation of large financial institutions, and of the bankruptcy system for resolving the failure of such institutions. In response to the crisis, Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) in 2010. Titles I and II of Dodd-Frank are specifically directed at minimizing the systemic risk created by TBTF financial institutions. In order to minimize the risks that large financial institutions will fail, Title I of Dodd-Frank establishes an enhanced prudential regulatory regime for certain large bank holding companies and non-bank financial companies. In order to “resolve” (i.e., reorganize or liquidate) systemically important financial institutions, Title II establishes a new resolution regime available for such institutions outside of the Bankruptcy Code…”

Visualizing the Pay Gap Between Men and Women in the UK

Center for Data Innovation – “The Financial Times (paywall) has created a collection of data visualizations showing that 89 percent of women in the United Kingdom work at companies with a pay gap favoring men. The newspaper analyzed data from firms with more than 250 employees, which were required to submit data comparing men and… Continue Reading

How Will the New Tax Law Affect Homeowners in High Tax States? It Depends

New York Fed – Liberty Street Economics: “The Tax Cuts and Jobs Act of 2017 (TCJA) introduces significant changes to the federal income tax code for individuals and businesses. Several provisions of the new tax law are particularly significant for the owner‑occupied housing market. In this blog post, we compare the federal tax liability and… Continue Reading

CRS – Sexual Harassment and Title VII: Selected Legal Issues

Sexual Harassment and Title VII: Selected Legal Issues. Christine J. Back, Legislative Attorney; Wilson C. Freeman, Legislative Attorney. April 9, 2018.”Title VII of the Civil Rights Act of 1964 (Title VII) generally prohibits discrimination in the workplace, but does not contain an express prohibition against harassment. The Supreme Court, however, has interpreted the statute to… Continue Reading

Advocates Say Google’s YouTube Violates Federal Children’s Privacy Law

“Today, CCFC and the Center for Digital Democracy took a groundbreaking step to protect children’s privacy: We filed a Federal Trade Commission Complaint detailing how Google is breaking the law by collecting personal data from children on YouTube without parental consent. Our landmark complaint is supported by a coalition of 23 consumer and privacy groups.… Continue Reading

House Committee Markups: Manual of Procedures and Procedural Strategies

CRS report via FAS – House Committee Markups: Manual of Procedures and Procedural Strategies: “A principal responsibility of House committees is to conduct markups—to select legislation to consider, to debate it and vote on amendments to it (to mark up), and to report recommendations on passage to the House. This manual examines procedures and strategy… Continue Reading

WH reviewing proposal to remove protections for threatened species

CNN: “The White House is reviewing a proposal that environmentalists fear would remove protections for hundreds of threatened species, according to a government database. The proposal’s obscure name — “Removal of Blanket Section 4(d) Rule” — refers to protections covering approximately 300 animal and plant species, such as the northern spotted owl and manatee, that… Continue Reading

Congress.gov New, Tip, and Top for April 2018

In Custodia Legis: “Today, we’re bringing you the latest Congress.gov updates just in time for the arrival of spring. Last month, Andrew brought you the latest updates to saved search alert functionality.  For the April release, we have improved the sorting of search results, so that items in the current Congress now appear at the top when sorting by relevancy.… Continue Reading

Whose Line is it Anyway: Could Congress Give the President a Line – Item Veto?

CRS Legal Sidebar Prepared for Members and Committees of Congress – Whose Line is it Anyway: Could Congress Give the President a Line-Item Veto? March 27, 2018. “In announcing his intention to sign H.R. 1625, the “Consolidated Appropriations Act, 2018,” President Trump, noting his concerns over the fiscal size of the bill, called on Congress… Continue Reading

Research and data support dispensary-based marijuana for pain rather than opiods

Statnews: “As more states legalize medical and recreational marijuana, doctors may be replacing opioid prescriptions with suggestions to visit a local marijuana dispensary. Two papers published Monday in JAMA Internal Medicine analyzing more than five years of Medicare Part D and Medicaid prescription data found that after states legalized weed, the number of opioid prescriptions… Continue Reading

Vermont Legislature Passes Gun-Control Bill

WSJ: “The Vermont Senate passed a bill Friday that will heighten restrictions on firearms, including raising the purchasing age to 21 for many people and banning high-capacity magazines. The bill, sent to Republican Gov. Phil Scott’s desk, marks the latest move to tighten regulations after a gunman killed 17 people at a high school in… Continue Reading

New Linked Citations in the Congressional Record Index

GPO – govinfo: “For new editions of the Congressional Record Index, citations in the text file for bills and pages in the Congressional Record will be hyperlinked to the corresponding document in govinfo. The daily updates to the Congressional Record Index will include these links going forward and some previous editions will be updated to… Continue Reading