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|Republican Takeover of U.S. Senate Could Bring First Changes to Dodd-Frank|
Patrick L. Anderson, Alan Slomowitz, Albert Wynn; Greenberg Traurig, LLP;
November 6, 2014, previously published on November 5, 2014Last night, Republicans won a majority in the U.S. Senate and increased their majority in the House of Representatives. Republicans will control both bodies in Congress for the first time since 2006, which will have a significant impact on financial services policymaking and regulatory oversight on...
|New York Statewide Officers Reelected; Senate Returns to Outright Republican Control; Assembly Democrats Continue Control|
Lynelle K. Bosworth, Michael J. Murphy, Joshua L. Oppenheimer; Greenberg Traurig, LLP;
November 6, 2014, previously published on November 5, 2014Leading up to the final days of New York’s 2014 election season, the greatest focus was on which party would control the State Senate. Democrats had hoped that as a result of a tentative deal with the Independent Democratic Conference (IDC), they would be able to take control of the State...
|2014 Midterm Elections: Overview of Results and Potential Legislative Action|
Kelsey L. Berkowitz, Tim Hutchinson, Robert Mangas, Andrew Zausner; Greenberg Traurig, LLP;
November 6, 2014, previously published on November 2014The Republican Party gained control of both chambers of Congress in yesterday’s midterm elections, with the Republican Party gaining a majority in the Senate and retaining its majority in the House.
|Office for Human Research Protections Releases Draft Guidance|
Kate F. Stewart; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
November 5, 2014, previously published on October 29, 2014On October 24, 2014, the Office for Human Research Protections (OHRP) announced in the Federal Register that it has released, and is seeking comment on, its Draft Guidance on Disclosing Reasonably Foreseeable Risks in Research Evaluating Standards of Care (“Draft Guidance”). The Draft...
|ESMA Issues Final Draft Standards for the Central Clearing of Certain Interest Rate Swaps under EMIR|
Brian Barrett, James M. Cain, Daphne G. Frydman, David T. McIndoe, Paul Sinnott; Sutherland Asbill & Brennan LLP;
November 4, 2014, previously published on October 14, 2014On October 1, the European Securities and Markets Authority (ESMA) issued final draft regulatory technical standards (RTS) with respect to the central clearing of four classes of interest rate swaps (IRS). The RTS follows ESMA’s publication on July 11, 2014 of a consultation paper on the IRS...
|OIG Issues Advisory Opinion Re: Municipal Payment for Medical Transportation Services|
Ari G. Burd, Beth Christian, Frank R. Ciesla; Giordano, Halleran & Ciesla A Professional Corporation;
November 3, 2014, previously published on October 15, 2014The OIG has issued an Advisory Opinion regarding a municipality’s use of tax revenues for payment of a stipend to a volunteer ambulance squad to cover the cost of co-payments and deductibles that would otherwise be incurred by residents, as well as the cost of transports provided to residents...
|PTAB Post Office Decision Shows CBM Proceedings Not Limited to Finance Companies|
Charles W. Shifley; Banner & Witcoff, Ltd.;
November 2, 2014, previously published on October 24, 2014In Covered Business Method (CBM) proceedings at the PTAB, a financial service is not necessarily just a service that acts on financial information—at least not in a proceeding between the U.S. Post Office and a competitor called Return Mail.
|Obama Unlikely to Shake Up Staff after Election|
McDonald Hopkins LLC;
October 31, 2014, previously published on October 24, 2014Midterm elections, particularly the notorious six-year itch midterms in a President's second term, often lead to losses for the party in control of the White House. It is not surprising then that Presidents often respond to losses in the midterms by shaking up their staff. White House watchers,...
|Rubio Proposes Visa Ban in Response to Ebola|
McDonald Hopkins LLC;
October 31, 2014, previously published on October 24, 2014Amid growing panic about the Ebola outbreak in West Africa, Republicans in Congress are shifting away from calling for a blanket travel ban from countries affected by the disease, and moving instead toward wanting to limit visas for people from those countries.
|Yet Another Circuit Holds that CERCLA Sections 107(a)(4)(B) and 113(f) are “Mutually Exclusive” Remedies|
Hubert T. Lee; Morris Polich & Purdy LLP;
October 31, 2014, previously published on October 8, 2014The Sixth Circuit joined other circuits holding that Potentially Responsible Parties (“PRPs”) who have administratively settled their CERCLA claims with the government under Section 113 are barred from seeking cost recovery from other PRPs under CERCLA Section 107. In Hobart Corp. v....