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|Fast-Track Negotiating Authority May Spur Free Trade Agreements|
Laura L. Fraedrich, Chase David Kaniecki; Jones Day;
July 3, 2015, previously published on July 2015On June 29, 2015, President Obama signed legislation that gives him trade promotion authority ("TPA") for the first time since 2007. Also known as fast-track negotiating authority, TPA provides President Obama with the authority to negotiate international agreements that Congress must...
|U.S. Treasury Releases More Workable Proposed Regulations on ‘Issue Price’ for Municipal Bonds|
Linda L. D'Onofrio, Vanessa Albert Lowry; Greenberg Traurig, LLP;
July 3, 2015, previously published on June 30, 2015On June 24, 2015, the U.S. Department of the Treasury (Treasury) published in the Federal Register new proposed regulations (the New Proposed Regulations) under Section 148 of the Internal Revenue Code of 1986, as amended (the Code) amending the definition of “issue price” (issue price)...
|The IRS’s Proposed ABLE Regulations: Obstacles to Launching State Programs, and Potential Solutions|
Leonard Weiser-Varon; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
July 3, 2015, previously published on June 29, 2015The IRS’s recently-published proposed regulations for Section 529A qualified ABLE programs have taken some wind out of the sails of state program administrators and potential program managers who had hoped for regulations that hewed closer to the requirements in effect for qualified tuition...
|State Budget on its Way to Gov. Kasich's Desk|
Michael Caputo, Rebecca M. Kuhns, Aaron M. Ockerman, Todd A. Snitchler; McDonald Hopkins LLC;
July 3, 2015, previously published on June 26, 2015The Ohio General Assembly completed its work today on House Bill 64, the state's two-year operating budget. The Ohio House voted in favor of the bill 61-34; the Ohio Senate had voted 23-9 in favor of the bill on June 25. The Conference Committee, comprised of six members from the House and Senate...
|Uncertain Future for Non-Compete Agreements in Massachusetts: Legislators Seek Compromise|
George K. Atanasov, Julie Cox, Max Samels; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
June 26, 2015, previously published on June 24, 2015On June 23rd, the Massachusetts Joint Committee on Labor and Workforce Development met to consider legislation relating to the legality and enforcement of non-compete agreements. The committee considered five bills on this topic, with the two most prominent being House Bill 1701 and Senate Bill...
|United States & Japan Join 62 Other Jurisdictions In Hague System Membership For International Registration Of Industrial Designs|
Staas Halsey LLP;
June 26, 2015, previously published on June 24, 2015The United States and Japan have joined the Hague System for International Registration of Industrial Designs. The nations acceded by depositing official instruments at the World Intellectual Property Organization (‘WIPO”) headquarters in Geneva.
|United States Congress Proposes Patent Reform (Again)|
Staas Halsey LLP;
June 26, 2015, previously published on June 24, 2015Representative Goodlatte (R - VA) reintroduced his patent reform bill: the Innovation Act1 on February 5, 2015. The previous version successfully passed the U.S. House of Representatives in 2013, before it stalled in the U.S. Senate.
|U.S. Senate Report Finds No Systematic Underpayment of SuperStorm Sandy-Related National Flood Insurance Program Claims|
Colodny Fass P.A.;
June 25, 2015, previously published on June 23, 2015The results of a highly anticipated study undertaken by the United States Senate Committee on Banking, Housing, and Urban Affairs' ("Committee") Banking Investigative Group on alleged National Flood Insurance Program ("NFIP" or "Program") underpayment of claims filed...
|IRS Revamps Proposed Issue Price Definition for Municipal Bonds|
Christie L. Martin, Maxwell D. Solet; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
June 25, 2015, previously published on June 23, 2015Treasury and IRS today announced a decision to withdraw the much-criticized portion of the notice of proposed rulemaking published in the Federal Register on September 16, 2013 (the “2013 Proposed Regulations”) related to the definition of issue price for tax-advantaged obligations and...
|Florida Legislation Will Essentially Prohibit Adding Optional Coverage by Notice of Change in Policy Terms|
Colodny Fass P.A.;
June 24, 2015, previously published on June 19, 2015On June 16, 2015, Governor Rick Scott signed into law legislation that will essentially prohibit the ability of insurance companies to use a notice of change in policy terms when the insurer seeks to add optional coverage to a policy at renewal. This provision was included in Committee Substitute...