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Energy and Environmental Law Update – December 23, 2013
ENERGY AND CLIMATE DEBATEAs Congress wrapped up the first session of the 113th Congress, the House and Senate came together to finalize several pieces of legislation, and policymakers prepared the way for changes to come in 2014.After the House passed the bipartisan budget deal week before last, the Senate sent the measure December 18 to President Obama for his signature. Senate Appropriations Chair Barbara Mikulski (D-MD) and House Appropriations Chair Hal Rogers (R-KY) have begun discussions and will be working through the new year to craft a 12-bill omnibus package that Congress will address when it returns in January. The House is expected to consider the measure by January 10 and the Senate is expected to take up the bill by January 13.The Senate also sent the National Defense Authorization Act to the president’s desk at the end of the week. That measure includes a provision that prohibits the Defense Department from using fiscal year 2014 funds for bulk purchases of drop-in … [Read more...] about Energy and Environmental Law Update – December 23, 2013
Bridging the Week: October 31 to November 4 and November 7, 2016 (Regulation AT Amended; Audit Partners; EFRPs; Form 40; Brexit) [VIDEO]
Last week, the Commodity Futures Trading Commission published its highly anticipated supplemental notice of proposed rulemaking regarding Regulation Automated Trading, initially released in November 2015. It contains new proposals regarding Floor Trader registration and who might be deemed a so-called “AT Person” in an effort to reduce the number of persons that might be subject to the harshest of the proposal’s requirements. However, the revised proposal also substantially broadens the concept of direct electronic access; indirectly subjects third-party algorithmic trading system providers to CFTC requirements; and still enables the CFTC to request an AT Person’s algorithmic trading source code through its inspection authority – albeit using special calls expressly authorized by the Commission – in addition to by subpoena. Unrelatedly, beginning November 18, a new Form 40 must be used by CFTC reportable traders and … [Read more...] about Bridging the Week: October 31 to November 4 and November 7, 2016 (Regulation AT Amended; Audit Partners; EFRPs; Form 40; Brexit) [VIDEO]
Energy & Environmental Law Update– February 23, 2015
ENERGY AND CLIMATE DEBATECongress returns from the Presidents Day recess, and energy and climate issues will heat up again this work period as Congress sends the Keystone XL pipeline legislation to President Obama, committees consider fiscal year 2016 spending requests, Senators Jeanne Shaheen (D-NH) and Rob Portman (R-OH) prepare to introduce a broad energy efficiency package, and the Federal Energy Regulatory Committee holds a workshop on the Clean Power Plan, all in the midst of a calendar filled with other issues such as funding for the Department of Homeland Security, nominations, the Doc Fix, an authorization for the use of force against ISIS, and a handful of other potential measures.The tax reform debate is expected to continue in the coming days, weeks, and months, though it is becoming increasingly likely that comprehensive tax reform may be too difficult a lift this year. If Congress is unable to come to an agreement on tax reform, we will turn increasingly to tax extenders … [Read more...] about Energy & Environmental Law Update– February 23, 2015
Health Care Law Update for November 23‚ 2015
Drug Pricing Issues Heat Up Following HHS ForumLast week, the Department of Health and Human Services (HHS) hosted a forum on prescription drug costs which featured players from every corner of the industry, including top government officials. HHS Secretary Sylvia Mathews Burwell kicked off the event by calling for greater support for innovation, access, and affordability when it comes to prescription drugs.There seemed to be agreement that value-based contracting – payments based on the value of care delivered – should be increased across health care delivery. However, the topic of value and how it should be defined remains a barrier to this idea moving forward. Ken Frazier, Chairman and CEO of Merck, stated that different constituencies define value in different ways, making the identification of positive outcomes more challenging. Acting CMS Administrator Andy Slavitt stated that an open dialogue is needed and a shared set of facts is critical to ensuring innovation in … [Read more...] about Health Care Law Update for November 23‚ 2015