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|Municipal Continuing Disclosure Cooperative Initiative (MCDC) Update|
Jacob A. McClellan, Dennis H. Otten; Bose McKinney & Evans LLP;
September 9, 2014, previously published on August 22, 2014Introduction: On March 10, 2014, the Securities and Exchange Commission’s Division of Enforcement announced the Municipal Continuing Disclosure Cooperative Initiative (the “MCDC Initiative”). The MCDC Initiative provides issuers and underwriters of municipal securities the...
|7th Circuit Defines "Worthless Services" Under the False Claims Act|
Eric G. Pearson; Foley & Lardner LLP;
September 9, 2014, previously published on September 4, 2014That’s the upshot from U.S. ex rel. Absher v. Momence Meadows Nursing Center, Nos. 13-1886 & 13-1936 (Aug. 20, 2014), a recent decision from the Seventh Circuit (authored by Judge Manion) that addressed the worthless-services theory of liability under the False Claims Act.
|House GOP plans to force Obama’s hand on ISIS|
McDonald Hopkins LLC;
September 9, 2014, previously published on September 5, 2014House Republicans are scheduling a series of hearings and meetings aimed at drafting a plan to defeat the terrorist group ISIS.
|Montgomery County Considers Adoption of Amended Version of 2012 International Green Construction Code|
Stuart R. Barr; Lerch Early Brewer Chartered;
September 5, 2014, previously published on September 2, 2014Montgomery County now is proposing to do what the state of Maryland did in March 2011 ¿ adopt the International Green Construction Code (IgCC). The IgCC is a model code created by the International Code Council that provides minimum requirements to safeguard the environment, public health,...
|9/11’s Other Victims: GAO confirms that 60 cancers eligible for coverage under 9/11 Victim Compensation Fund|
September 5, 2014, previously published on August 27, 2014Just before the 13th anniversary of September 11, the Government Accountability Office released a report confirming the World Trade Center Health Program’s decision to include 60 cancers as eligible under the reestablished 9/11 Victim Compensation Fund (VCF).
|California Legislative Update: August 2014|
Ameneh K. Ernst; Ogletree Deakins Nash Smoak Stewart P.C.;
September 4, 2014, previously published on August 28, 2014In August 2014, California Governor Jerry Brown signed into law a number of bills that will impact the employer community. A brief summary of these new laws, along with links to the bills, can be found below.
|New York State Department of Financial Services Proposes Comprehensive Bitcoin Regulations|
Robert W. Gaffey, Harold K. Gordon, Henry Klehm, Howard F. Sidman, Jayant W. Tambe; Jones Day;
September 2, 2014, previously published on August 2014The New York State Department of Financial Services ("DFS") recently became the first state regulator to propose a regulatory framework for the bitcoin virtual currency industry. DFS posted its "Regulation of the Conduct of Virtual Currency Business" on its website, as well as...
|Obama Considers Immigration Action|
McDonald Hopkins LLC;
September 2, 2014, previously published on August 29, 2014President Obama may be getting ready to drop a political nuclear bomb just months before the 2014 mid-term elections. The Obama administration is considering unilateral executive action on immigration—with action coming as early as next week.
|Persons Registered as Municipal Advisers Face SEC Examination Program|
Peter D. Fetzer, Jason M. Hille, Terry D. Nelson; Foley & Lardner LLP;
September 2, 2014, previously published on August 29, 2014The SEC recently announced that its Office of Compliance Inspections and Examinations (“OCIE”) will shortly commence an examination program of registered municipal advisers. The examination program will be phased in over the next few years. The focus of the examinations will be certain...
|House Republicans Nearing Deal on Terrorism Insurance|
McDonald Hopkins LLC;
September 2, 2014, previously published on August 29, 2014In July, the Senate - by a vote of 93 to 4 - reauthorized the terrorism risk insurance program that was initially enacted after the Sept.11 terror attacks. Despite the overwhelmingly bipartisan vote in the Senate, House conservatives have sought additional changes to the program that they say will...