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|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...
|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.
|Federal Deficit Likely to Rise|
McDonald Hopkins LLC;
September 2, 2014, previously published on August 29, 2014A new report from the Congressional Budget Office (CBO) warns that the federal deficit is likely to increase dramatically over the next 10 years—more than doubling to $960 billion by 2024, forcing higher federal spending on interest payments and limiting lawmakers' flexibility to deal with...
|Italian Parliament Confirms June Measures Introduced by Government to Boost Italian Lending Market|
Alessandro Corno, Luca Ferrari, Marco Lombardi, Francesco Squerzoni; Jones Day;
September 2, 2014, previously published on August 2014As reported in our July Commentary, “The Italian Government Introduces Measures to Boost the Italian Lending Market,” the Italian Government Law Decree No. 91 of June 24, 2014 (the “Law Decree”) introduced certain measures aimed at facilitating the access to financing by...
|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...
|Municipalities, Including the New York City Department of Education, Are Being Encouraged to Audit Pre-School Education Programs with Which They Contract|
Pamela A. Madeiros; Greenberg Traurig, LLP;
September 1, 2014, previously published on August 27, 2014Chapter 57 of the laws of 2013 directed the New York State Education Department (NYSED) to provide guidelines on standards to municipalities that perform fiscal audits of pre-school education programs. Many municipalities, including the New York City Department of Education (NYCDOE) Office of...
|Michigan Liquor Control Commission Resumes Issuing Redevelopment Liquor Licenses to Michigan Townships and Villages|
Lisa J. Hamameh, Ronald D. Richards; Foster, Swift, Collins & Smith, P.C.;
September 1, 2014, previously published on August 28, 2014The Michigan Liquor Control Commission may resume issuing Redevelopment Liquor Licenses to Michigan townships and villages.
|EPA's CO2 Rule and 18 States' Resolutions and Legislation|
Raymond L. Gifford, Matthew S. Larson, Gregory E. Sopkin; Wilkinson Barker Knauer, LLP;
August 29, 2014, previously published on August 201418 state legislatures passed either legislation or resolutions that EPA has rejected in its CO2 Emission Guidelines. The states demanded that the EPA respect state primacy in setting performance standards under Section 111(d) and/or allow the state maximum flexibility to implement carbon standards,...
|Prescription Drugs: Refocusing the False Claims Act Microscope on the Rest of the Transaction|
Tara E. Swenson; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
August 28, 2014, previously published on August 25, 2014Over the last decade, it has often felt as though the pharmaceutical industry has been the government’s and whistleblowers’ main, and at times only, target for False Claims Act (“FCA”) investigations. While manufacturers are likely not out from underneath the microscope, it...
|Mortgagees Face Increased Penalties for Failure to Remedy Municipal Violations on New Jersey Properties in Foreclosure|
Edward W. Chang, Francis X. Crowley, Kevin C. Rakowski, Wayne Streibich; Blank Rome LLP;
August 27, 2014, previously published on August 2014Effective July 14, 2014, New Jersey Assembly Bill A347 amended N.J.S.A. 46:10B-51, a statutory provision that allows municipalities to impose penalties on creditors for failure to remedy municipal ordinance violations.