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You are here: Home / Financial Services Legislative and Regulatory Update – September 23, 2013

Financial Services Legislative and Regulatory Update – September 23, 2013

· September 23, 2013 ·

Welcome to fall, which used to be marked by events like apple picking, leaf watching and playoff baseball (Go Sox!).  However, it seems as if a new standard-bearer for the season has been added to the autumn repertoire, a guessing game as to whether Congress will be able to avoid a government shutdown.  Last week, the House did its part, passing a continuing resolution on a near party line vote that would continue to fund the government through December 15th but would also defund the Affordable Care Act (ACA) (a/k/a “Obamacare”). With less than 10 days until a possible government shutdown, the Senate is expected to strip out the ACA related provisions of the CR before returning the resolution to the House, although a growing chorus of conservative voices is encouraging some Republican Senators to prevent this strategy.  Ultimately, the conventional wisdom is that the Senate will send back a “clean” CR , but it is uncertain how a divided House will react, as the GOP conference is split on whether to accept the “best they could do,” while Democrats are also split on whether to accept a CR that doesn’t fix the cuts in domestic spending caused by sequestration.  All of… Read full this story

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Financial Services Legislative and Regulatory Update - September 23, 2013 have 311 words, post on www.natlawreview.com at September 23, 2013. This is cached page on Law Breaking News. If you want remove this page, please contact us.

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