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  • Statement from U.S. Secretary of Commerce Wilbur Ross on President Trump's Executive Order

    Statement from U.S. Secretary of Commerce Wilbur Ross on President Trump's Executive Order: "Addressing the Threat Posed by Applications and other Software Developed or Controlled by Chinese Companies" | site |


    (Information contained in U.S. Department of Commerce press release dated: January 5, 2021) Today, President Donald J. Trump signed an Executive Order (E.O.) titled, “Addressing the Threat Posed by Applications and other Software Developed or Controlled by Chinese Companies.” U.S. Secretary of Commerce Wilbur Ross issued the following statement in response: "Consistent with the authorities designated to the Secretary of Commerce from the President, I have directed my Department to begin implementing the E.O.’s directives, including identifying prohibited transactions related to certain Chinese connected software applications. I stand with President Trump’s commitment to protecting the privacy and security of Americans from threats posed by the Chinese C...
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  • Protecting U.S. Investors from Financing Communist Chinese Military Companies

    U.S. Secretary of State issues Statement addressing Protecting U.S. Investors from Financing Communist Chinese Military Companies | site |


    (Information contained in U.S. Department of State press release press statement dated: December 28, 2020)


    December 28, 2020
    Press Statement by:
    U.S. Secretary of State Michael R. Pompeo

    President Trump took decisive action last month to protect American investors and pension holders from funding Communist Chinese military companies (CCMCs) through Executive Order (13959) Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies. The Trump Administration is coordinating closely to counter the threat these companies present to the economy and national security of the United States. Today, the Treasury Department noted that Executive Order 13959 prohibits the ownership of any CCMC shares by exchange-traded funds (ETFs) and
    ...
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  • Commerce Department Will Publish the First Military End User List Naming More Than 100 Chinese and Russian Companies

    U.S. Commerce Department Will Publish the First Military End User List Naming More Than 100 Chinese and Russian Companies | site |



    (Information contained in U.S. Department of Commerce press release dated: December 21, 2020) The Bureau of Industry and Security (BIS) will amend the Export Administration Regulations (EAR) by adding a new ‘Military End User’ (MEU) List, as well as the first tranche of 103 entities, which includes 58 Chinese and 45 Russian companies. The U.S. Government has determined that these companies are ‘military end users’ for purposes of the ‘military end user’ control in the EAR that applies to specified items for exports, reexports, or transfers (in-country) to the China, Russia, and Venezuela when such items are destined for a prohibited ‘military end user.’ “This action establishes a new process to designate military end users on the MEU List to assist exporters in screening their customers for military end users,...
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  • American Medical Association urges Social Media Companies to Combat Vaccine Misinformation

    American Medical Association urges Social Media Companies to Combat Vaccine Misinformation | site |


    (Information contained in American Medical Association [AMA] press release dated: December 21, 2020) Chicago - - As the United States begins an unprecedented effort to administer COVID-19 vaccines to more than 300 million Americans, the American Medical Association (AMA) today urged the CEOs of six leading social media and e-commerce companies to assist the effort by combatting misinformation and disinformation about the vaccine on their platforms. The AMA also urged the platforms to share timely, accurate information on the vaccine from trusted public health institutions, including the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention. The letter was sent to the top executives at Google, Facebook, Instagram, Twitter, TikTok, and YouTube. “As we work tirelessly to stop the spread of COVID-19, please remain vigilant against...
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  • Hospitals and Pharmacists File Lawsuit over Drug Companies’ Refusals of 340B Discounts

    Hospitals and Pharmacists File Lawsuit over Drug Companies’ Refusals of 340B Discounts | site |




    (Information contained in American Hospital Association [AHA] press release: December 11, 2020) Washington (December 11, 2020) - - Five national hospital organizations and an organization of hospital pharmacists representing participants in the 340B drug pricing program filed a federal lawsuit today against the U.S. Department of Health and Human Services (HHS) over the department’s failure to enforce program requirements and halt drug company actions that undermine the program. The groups are joined in the lawsuit by three 340B hospitals serving patient communities in need that have been harmed by the companies’ refusals to provide discounts on prescription drugs dispensed at community-based pharmacies, as required by the 340B program. The American Hospital Association (AHA), 340B Health, the American Society of Health-System Pharmacists (ASHP), Ame...
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  • Federal Reserve Board issues Final Rule modifying the Annual Assessment fees for its Supervision and Regulation of large Financial Companies

    Federal Reserve Board issues Final Rule modifying the Annual Assessment fees for its Supervision and Regulation of large Financial Companies | site |



    (Information contained in press release issued by Board of Governors of the Federal Reserve System: November 19, 2020) The Federal Reserve Board on Thursday issued a final rule modifying the annual assessment fees for its supervision and regulation of large financial companies, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The final rule is nearly identical to the proposal issued in November 2019. The final rule raises the threshold at which fees are assessed for bank holding companies and savings and loan holding companies from $50 billion to $100 billion in total consolidated assets. Additionally, it adjusts the amount charged to certain bank holding companies and savings and loan holding companies following changes from the Board related to the EGRRCPA. The fi
    ...
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  • Federal Reserve begins 2020 Census of Finance Companies and Other Lenders

    Federal Reserve begins 2020 Census of Finance Companies and Other Lenders

    Federal Reserve begins 2020 Census of Finance Companies and Other Lenders| site |


    (October 6, 2020) - - Today the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board announced on Tuesday that it will begin the 2020 Census of Finance Companies and Other Lenders. The census is a key part of the Federal Reserve's effort to paint a complete picture of this important sector of the U.S. economy. "Your participation is important to help us understand the size and structure of lenders like yours that supply credit or lease financing to U.S. households and businesses," said Federal Reserve Chair Jerome H. Powell in a letter to prospective census participants. "The results will contribute to better-informed policy decisions and form the basis of our statistical releases, which have become all the more critical during the pandemic outbreak." The assets and liabilities of finance companies have been surveyed by the...
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  • CWA says New Reports Detail How some Telecoms Companies are Failing to Provide Broadband and Good Jobs

    CWA says New Reports Detail How Telecoms Companies Like AT&T are Failing to Provide Broadband and Good Jobs | site |




    (October 5, 2020) - - Today, October 5, 2020, the Communications Workers of America (CWA) published the following information: 3 new reports released today by the Communications Workers of America, the Economic Policy Institute, and the National Digital Inclusion Alliance describe how profit-driven corporations have left communities without access to...
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  • U.S. Department of Commerce adds 24 Chinese Companies to the Entity List for Helping Build Military Islands in the South China Sea

    U.S. Department of Commerce adds 24 Chinese Companies to the Entity List for Helping Build Military Islands in the South China Sea | site |



    (August 26, 2020} - - Today, August 26, 2020, the U.S. Department of Commerce published the following information:

    The Bureau of Industry and Security (BIS) in the Department of Commerce (Commerce) added 24 Chinese companies to the Entity List for their role in helping the Chinese military construct and militarize the internationally condemned artificial islands in the South China Sea. Despite protests from the United States and other countries, the government of the People’s Republic of China (PRC) has been rapidly building the artificial islands since 2013, enabling the Communist Chinese Party’s (CCP) militarization of disputed outposts in the South China Sea to undermine the sovereign rights of U.S. partners in the region.

    “The United States, China’s neighbors, and the international
    ...
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  • SEC Guidance to Promote Continued Shareholder Engagement, for Companies and Funds Affected by the Coronavirus Disease 2019 (COVID-19)

    SEC Staff Provides Guidance to Promote Continued Shareholder Engagement, Including at Virtual Annual Meetings, for Companies and Funds Affected by the Coronavirus Disease 2019 (COVID-19)| site |



    (March 13, 2020) - - Today (March 13, 2020), the U.S. Securities and Exchange Commission (SEC) published the following information: Washington D.C., March 13, 2020 —The Securities and Exchange Commission today announced that the SEC staff has published guidance to assist public companies, investment companies, shareholders, and other market participants affected by COVID-19 with their upcoming annual shareholder meetings. The guidance is designed to facilitate the ability of companies to hold these important meetings, including through the use of technology, and engage with shareholders while complying with the federal securities laws. “The SEC staff recognizes that many public companies and other market participants are transitioning to teleworking, virtual me...
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  • Statement from U.S. Secretary of Commerce Wilbur Ross on UN Blacklist of Companies

    Statement from U.S. Secretary of Commerce Wilbur Ross on UN “Blacklist” of Companies | site |



    (March 6, 2020) - - On March 3, 2020 the U.S. Department of Commerce published the following Statement from U.S. Secretary of Commerce Wilbur Ross on UN “Blacklist” of Companies:

    On February 12, 2020, the United Nations High Commissioner for Human Rights issued a “blacklist” of companies, including several U.S. companies, that do business in Israel-controlled territories. Boycotts against Israel and companies doing business with and in Israel are contrary to longstanding U.S. policy. The UN “blacklist” is anti-business, seeks to isolate Israel, has no factual basis or legal force whatsoever, and should not be adhered to in any respect. The Government of the United States fully supports the U.S. companies identified on the list and encourages all U.S. businesses to continue to work with and invest in Israeli as well as Palestinian communities.
    ...
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  • Federal Reserve Board announces Series of "Fintech Innovation Office Hours" across the Country to Meet with Banks and Companies engaged in Emerging Financial Technologies

    Federal Reserve Board announces Series of "Fintech Innovation Office Hours" across the Country to Meet with Banks and Companies engaged in Emerging Financial Technologies | site |



    (December 17, 2019) - - Today, the Board of Governors of the Federal Reserve Board published the following information: The Federal Reserve Board on Tuesday announced that it will hold a series of "fintech innovation office hours" across the country to meet with banks and companies engaged in emerging financial technologies, popularly known as fintech. The sessions will serve as a resource for banks and fintech firms to meet one-on-one with Federal Reserve staff members with relevant expertise to discuss fintech developments and ask questions. They may be particularly helpful to community banks and their potential fintech partners. Sessions will be co-hosted with Reserve Banks, with the first session at the Federal Reserve Bank of Atlanta on February 26. Firms interested in participa...
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  • Federal Reserve Board invites Public Comment on Proposal to Establish Capital Requirements for Certain Insurance Companies supervised by the Board

    Federal Reserve Board invites Public Comment on Proposal to Establish Capital Requirements for Certain Insurance Companies supervised by the Board| site |


    (September 6, 2019) - - Today (September 6, 2019), the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Friday invited public comment on a proposal to establish capital requirements for certain insurance companies supervised by the Board. The proposal builds on existing state-based insurance standards, while also establishing minimum capital requirements that are specific to the business of insurance. Under the proposed framework, known as the Building Block Approach (BBA), holding companies significantly engaged in insurance activities would be required to aggregate their state-based capital requirements into a consolidated requirement. The proposal would establish both minimum requirements and a buffer on top of the minimum. The BBA accounts for risk...
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  • U.S. Food and Drug Administration Warns Companies Selling Illegal, Unapproved Kratom Products

    U.S. Food and Drug Administration Warns Companies Selling Illegal, Unapproved Kratom Products Marketed for Opioid Cessation, Pain Treatment and Other Medical Uses




    (May 22, 2018) - - Today, the U.S. Food and Drug Administration published the following information:

    The U.S. Food and Drug Administration has issued warning letters to three marketers and distributors of kratom products – Front Range Kratom of Aurora, Colorado; Kratom Spot of Irvine, California and Revibe, Inc., of Kansas City, Missouri – for illegally selling unapproved kratom-containing drug products with unproven claims about their ability to help in the treatment of opioid addiction and withdrawal. The companies also make claims about treating pain, as well as other medical conditions like lowering blood pressure, treating cancer and reducing neuron damage caused by strokes. “Despite our warnings th
    ...
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  • U.S. Securities and Exchange Commission Announces 2017 Compliance Outreach Program Seminars for Investment Companies and Investment Advisers

    U.S. Securities and Exchange Commission Announces 2017 Compliance Outreach Program Seminars for Investment Companies and Investment Advisers





    Washington, DC - - (March 23, 2017) - - The Securities and Exchange Commission today announced the opening of registration for its compliance outreach program seminars for investment companies and investment advisers. The seminars will be offered in four cities and are intended to help Chief Compliance Officers (CCOs) and other senior personnel enhance compliance programs at investment companies and investment advisory firms.

    The SEC’s Office of Compliance Inspections and Examinations (OCIE), Division of Investment Management, and the Asset Management Unit of the Division of Enforcement jointly sponsor the compliance outreach program.

    All regional seminars will include an overview of OCIE’s 2017 priorities and individual seminars will feature the following panel discussions on current
    ...
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  • Staff Reporter 1
    Statement from U.S. Secretary of Commerce Wilbur Ross on President Trump's Executive Order
    by Staff Reporter 1
    Statement from U.S. Secretary of Commerce Wilbur Ross on President Trump's Executive Order: "Addressing the Threat Posed by Applications and other Software Developed or Controlled by Chinese Companies" | site |


    (Information contained in U.S. Department of Commerce press release dated: January 5, 2021) Today, President Donald J. Trump signed an Executive Order (E.O.) titled, “Addressing the Threat Posed by Applications and other Software Developed or Controlled by Chinese Companies.” U.S. Secretary of Commerce Wilbur Ross issued the following statement in response: "Consistent with the authorities designated to the Secretary of Commerce from the President, I have directed my Department to begin implementing the E.O.’s directives, including identifying prohibited transactions related to certain Chinese connected software applications. I stand with President Trump’s commitment to protecting the privacy and security of Americans from threats posed by the Chinese C...
    01-06-2021, 04:38 AM
  • Staff Reporter 1
    Protecting U.S. Investors from Financing Communist Chinese Military Companies
    by Staff Reporter 1
    U.S. Secretary of State issues Statement addressing Protecting U.S. Investors from Financing Communist Chinese Military Companies | site |


    (Information contained in U.S. Department of State press release press statement dated: December 28, 2020)


    December 28, 2020
    Press Statement by:
    U.S. Secretary of State Michael R. Pompeo

    President Trump took decisive action last month to protect American investors and pension holders from funding Communist Chinese military companies (CCMCs) through Executive Order (13959) Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies. The Trump Administration is coordinating closely to counter the threat these companies present to the economy and national security of the United States. Today, the Treasury Department noted that Executive Order 13959 prohibits the ownership of any CCMC shares by exchange-traded funds (ETFs) and
    ...
    12-29-2020, 12:38 PM
  • Staff Reporter 1
    Commerce Department Will Publish the First Military End User List Naming More Than 100 Chinese and Russian Companies
    by Staff Reporter 1
    U.S. Commerce Department Will Publish the First Military End User List Naming More Than 100 Chinese and Russian Companies | site |



    (Information contained in U.S. Department of Commerce press release dated: December 21, 2020) The Bureau of Industry and Security (BIS) will amend the Export Administration Regulations (EAR) by adding a new ‘Military End User’ (MEU) List, as well as the first tranche of 103 entities, which includes 58 Chinese and 45 Russian companies. The U.S. Government has determined that these companies are ‘military end users’ for purposes of the ‘military end user’ control in the EAR that applies to specified items for exports, reexports, or transfers (in-country) to the China, Russia, and Venezuela when such items are destined for a prohibited ‘military end user.’ “This action establishes a new process to designate military end users on the MEU List to assist exporters in screening their customers for military end users,...
    12-27-2020, 12:18 AM
  • Staff Reporter 1
    American Medical Association urges Social Media Companies to Combat Vaccine Misinformation
    by Staff Reporter 1
    American Medical Association urges Social Media Companies to Combat Vaccine Misinformation | site |


    (Information contained in American Medical Association [AMA] press release dated: December 21, 2020) Chicago - - As the United States begins an unprecedented effort to administer COVID-19 vaccines to more than 300 million Americans, the American Medical Association (AMA) today urged the CEOs of six leading social media and e-commerce companies to assist the effort by combatting misinformation and disinformation about the vaccine on their platforms. The AMA also urged the platforms to share timely, accurate information on the vaccine from trusted public health institutions, including the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention. The letter was sent to the top executives at Google, Facebook, Instagram, Twitter, TikTok, and YouTube. “As we work tirelessly to stop the spread of COVID-19, please remain vigilant against...
    12-25-2020, 05:09 AM
  • Staff Reporter 1
    Hospitals and Pharmacists File Lawsuit over Drug Companies’ Refusals of 340B Discounts
    by Staff Reporter 1
    Hospitals and Pharmacists File Lawsuit over Drug Companies’ Refusals of 340B Discounts | site |




    (Information contained in American Hospital Association [AHA] press release: December 11, 2020) Washington (December 11, 2020) - - Five national hospital organizations and an organization of hospital pharmacists representing participants in the 340B drug pricing program filed a federal lawsuit today against the U.S. Department of Health and Human Services (HHS) over the department’s failure to enforce program requirements and halt drug company actions that undermine the program. The groups are joined in the lawsuit by three 340B hospitals serving patient communities in need that have been harmed by the companies’ refusals to provide discounts on prescription drugs dispensed at community-based pharmacies, as required by the 340B program. The American Hospital Association (AHA), 340B Health, the American Society of Health-System Pharmacists (ASHP), Ame...
    12-14-2020, 09:35 AM

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