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  • The Treasury Department and IRS issue Final Regulations regarding Like-kind Exchanges of Real Property

    The Treasury Department and IRS issue Final Regulations regarding Like-kind Exchanges of Real Property | site |


    (Information contained in U.S. Internal Revenue Service [IRS] press release: November 23, 2020)

    WASHINGTON – Today the Treasury Department and Internal Revenue Service issued final regulations relating to section 1031 like-kind exchanges. These final regulations address the definition of real property under section 1031 and also provide a rule addressing the receipt of personal property that is incidental to real property received in a like-kind exchange. The 2017 Tax Cuts and Jobs Act (TCJA) limited like-kind exchange treatment to exchanges of real property. As of January 1, 2018, exchanges of personal or intangible property such as vehicles, artwork, collectibles, patents, and other intellectual property generally do not qualify for nonrecognition of gain as like-kind exchanges. Also, like-kind exchange treatment applies only to exchange
    ...
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  • AHA Statement On HHS Final Rules Removing Barriers To Coordinated Care

    AHA Statement On HHS Final Rules Removing Barriers To Coordinated Care

    American Hospital Association Statement On U.S. Department of Health and Human Services Final Rules Removing Barriers To Coordinated Care | site |




    (Information contained in American Hospital Association [AHA] press release: November 20, 2020)




    AHA Statement On HHS Final Rules Removing Barriers To Coordinated Care



    Tom Nickels
    Executive Vice President
    American Hospital Association

    November 20, 2020


    The actions taken today by the Department of Health and Human Services will significantly benefit patients by allowing their health care providers to work together to improve their care. The AHA greatly appreciates the leadership of Deputy Secretary Hargan in finalizing this rule and listening to the concerns of hospitals and health systems. The AHA has long called for the ability to coordinate care among providers to provide comprehensive patient care. Outd...
    See more | Go to post

  • American Hospital Association Statement on Most Favored Nation Model Interim Final Rule

    American Hospital Association Statement on Most Favored Nation Model Interim Final Rule | site |


    (Information contained in American Hospital Association [AHA] press release: November 20, 2020)



    AHA Statement on Most Favored Nation Model Interim Final Rule


    Tom Nickels
    Executive Vice President
    American Hospital Association


    November 20, 2020


    America’s hospitals and health systems have very deep concerns about the substance and legality of today’s Most Favored Nation Model interim final rule. Instead of holding drug companies accountable for drug prices, it slashes reimbursement to hospitals for drugs. In addition to the continued concerns we have expressed about the impact this model has on the 340B drug pricing program, we strongly question whether attempting to institute such a sweeping and controversial policy in an interim final rule is legally permissible. B...
    See more | Go to post

  • 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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  • CMS publishes Medicaid and Children’s Health Insurance Program Managed Care Final Rule Fact Sheet

    Centers for Medicare and Medicaid Services publishes Medicaid and Children’s Health Insurance Program Managed Care Final Rule Fact Sheet | site |



    (November 9, 2020) - - On November 9, 2020 the Centers for Medicare and Medicaid Services (CMS) published the following:


    Medicaid & Children’s Health Insurance Program (CHIP) Managed Care Final Rule - CMS-2408-F

    Overview The announcement of the 2020 Medicaid & CHIP Managed Care final rule highlights the Trump Administration’s continued commitment to reduce administrative burden and cut red tape, support state flexibility, and promote transparency and innovation in the Medicaid and CHIP programs for the growing number of people in Medicaid and CHIP managed care. This final rule finalizes policies from the Notice of Proposed Rule Making issued in November 2018. Based on 2018 state Medicaid and CHIP enrollment data, eighty three percent, or around 66 million people, are enrolled in...
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  • U.S. Department of Labor issues Final Rule to update Adverse Effect Wage Rate Methodology

    U.S. Department of Labor issues Final Rule to update Adverse Effect Wage Rate Methodology to protect American Workers and Help American Farmers | site |




    (November 2, 2020) - - Today, November 2, 2020, the U.S. Department of Labor published the following information:

    WASHINGTON, DC – The U.S. Department of Labor today announced a final rule that updates the methodology for determining the annual Adverse Effect Wage Rates (AEWRs) in the H-2A visa program. The AEWR is a minimum wage rate that provides a floor below which the wages of agricultural workers cannot be negotiated. Requiring employers to pay the AEWR when it is the highest applicable wage is the primary way the Department meets its statutory obligation to certify that the employment of foreign workers will not adversely affect workers in the United States similarly employed. The new rule improves the consistency of the AEWRs, provides stronger protections for workers, and establi...
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  • U.S. Department of Labor announces Final Rule to Protect Americans' Retirement Investments

    U.S. Department of Labor announces Final Rule to Protect Americans' Retirement Investments | site |



    (October 30, 2020) - - Today, October 30, 2020, the U.S. Department of Labor published the following information:

    WASHINGTON, DC – The U.S. Department of Labor today announced a final rule that updates and clarifies the Department’s investment duties regulation in 29 CFR 2550.404a-1. The final rule intends to provide clear regulatory guideposts for fiduciaries of private-sector retirement and other employee benefit plans in light of recent trends involving environmental, social and governance (ESG) investing. During the last 30 years, the Department has periodically considered the application of the fiduciary duties of prudence and loyalty under the Employee Retirement Income Security Act of 1974 (ERISA) to plan investments that promote non-financial objectives, such as furthering environmental, social and public policy goals. The Department has issued
    ...
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  • At Joint Open Meeting, SEC and CFTC Approve Final Rule on Security Futures Margin

    At Joint Open Meeting, SEC and CFTC Approve Final Rule on Security Futures Margin and Request for Comment on Portfolio Margining | site |



    (October 22, 2020) - - Today, October 22, 2020, the U.S. Securities and Exchange Commission (SEC) published the following information: Washington D.C., Oct. 22, 2020 — The Securities and Exchange Commission and the Commodity Futures Trading Commission, at their first joint open meeting to vote on rulemaking initiatives, today approved: (1) a joint final rule to harmonize the minimum margin level for security futures held in a futures account with the minimum margin level for security futures held in a securities portfolio margin account, and (2) the issuance of a joint request for comment on the portfolio margining of uncleared swaps and non-cleared security-based swaps. The joint final rule and request for comment are two components of the Commissions’ ongoing efforts to further harmonize their regulatory regimes to b...
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  • Agencies issue Final Rule to Strengthen Resilience of Large Banks

    Agencies issue Final Rule to Strengthen Resilience of Large Banks

    Agencies issue Final Rule to Strengthen Resilience of Large Banks| site |


    (October 20, 2020) - - Today, October 20, 2020, the Board of Governors of the Federal Reserve System published the following information:


    Agencies issue final rule to strengthen resilience of large banks



    Board of Governors of the Federal Reserve System
    Federal Deposit Insurance Corporation
    Office of the Comptroller of the Currency
    The federal bank regulatory agencies on Tuesday finalized a rule strengthening the resilience of large banks by requiring them to maintain a minimum level of stable funding over a one-year period. The net stable funding ratio, or NSFR, final rule will require large banks to maintain a minimum level of stable funding, relative to each institution's assets, derivatives, and commitments. As a result, the NSFR rule will support the ability of banks to lend to households and businesses in both normal and adverse ec
    ...
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  • Agencies Issue Two Final Rules

    Agencies Issue Two Final Rules

    Agencies Issue Two Final Rules | site |



    (September 29, 2020) - - Today, September 29, 2020, the Federal Deposit Insurance Corporation (FDIC) published the following information:

    Joint Release:

    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency



    The federal bank regulatory agencies finalized two rules, which are either identical or substantially similar to interim final rules currently in effect and issued earlier this year. They include:
    • A final rule that temporarily defers appraisal and evaluation requirements for up to 120 days after the closing of certain residential and commercial real estate transactions; and
    • A final rule that neutralizes—due to the lack of credit and market risk—the regulatory capital and liquidity effects for banks that participate in certain Federal Reserve liquidity facilities.
    The...
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  • U.S. Department of Labor Announces Final Rule To Increase Financial Transparency for Union

    U.S. Department of Labor Announces Final Rule To Increase Financial Transparency for Unions| site |



    (March 5, 2020) - - Today, the U.S. Department of Labor published the following information:

    WASHINGTON, DC – The U.S. Department of Labor’s Office of Labor-Management Standards (OLMS) today announced a final rule to establish the “Form T-1” Trust Annual Report that requires unions to file annual financial reports concerning their trusts. These annual reports will increase the financial transparency of unions and ensure that members have access to information about their union’s financial transactions. The Federal Register will publish the final rule on March 6, 2020.

    The final rule requires a labor organization with total annual receipts of $250,000 or more to file a Form T-1, under certain circumstances, for each trust of the type defined by section 3(l) of the Labor-Management Reporting and Disclosure Act (LMRDA). Such labor organizations
    ...
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  • Centers for Disease Control and Prevention publishes the Final Update on the Multistate Outbreak of E. coli 0157:H7 Infections

    Centers for Disease Control and Prevention publishes the Final Update on the Multistate Outbreak of E. coli 0157:H7 Infections| site |



    (January 15, 2020) - - Today, the Centers for Disease Control and Prevention (CDC) published the following information:

    The final update on the multistate outbreak of E. coli 0157:H7 infections has been posted: https://www.cdc.gov/ecoli/2019/o157h7-11-19/index.html

    Key points:
    • As of January 15, 2020, this outbreak appears to be over.
    • CDC has lifted its advice that people avoid romaine lettuce from the Salinas Valley growing region in California. Contaminated romaine lettuce that made people sick in this outbreak is no longer available for sale.
    • A total of 167 people infected with the outbreak strain of E. coli O157:H7 were reported from 27 states.
    • Eighty-five people were hospitalized including 15 people who developed hemolytic uremic syndrome, a type of kidney failure. No deaths were reporte
    ...
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  • Financial Stability Oversight Council Issues Final Guidance on Nonbank Designations

    Financial Stability Oversight Council Issues Final Guidance on Nonbank Designations | site |



    (December 4, 2019) - - Today (Decemberr 4, 2019), the U.S. Department of the Treasury published the following information: WASHINGTON – The Financial Stability Oversight Council (Council) today voted unanimously to issue final guidance regarding nonbank financial company designations. The guidance implements an activities-based approach for identifying and addressing potential risks to financial stability. The guidance also enhances the analytical rigor and transparency of the Council’s process for designating nonbank financial companies. “The guidance announced today enhances the Council’s ability to identify, assess, and respond to potential risks to U.S. financial stability,” said Treasury Secretary Steven T. Mnuchin. “These changes will help the Council achieve its mission by promoting careful analysis and creating a more streamlined process. I would like t
    ...
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  • U.S. Small Business Administration Issues Final Rule to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities

    U.S. Small Business Administration Issues Final Rule to Expand HUBZone Opportunities to Small Businesses and Revitalize Communities | site |



    (November 26, 2019) - - Today, the U.S. Small Business Administration (SBA) published the following information:

    WASHINGTON – The U.S. Small Business Administration today issued a final rule that will implement changes to the Historically Underutilized Business Zone (HUBZone) program that will make the program more attractive to small businesses and encourage them to invest in HUBZone communities and hire HUBZone residents. The new rule changes will also make it easier for federal contracting officers to identify and work with HUBZone-certified small businesses. The rule is published in the Federal Register and effective December 26, 2019. "The exciting improvements outlined in this rule were designed to address longstanding uncertainty from both small businesses contemplating an investment in a designated
    ...
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  • Centers for Medicare and Medicaid Services discuss Delay of Inclusion of Territories in Medicaid Drug Rebate Program; Covered Outpatient Drug Interim Final Rule, CMS 2345-IFC3

    Centers for Medicare and Medicaid Services discuss Delay of Inclusion of Territories in Medicaid Drug Rebate Program; Covered Outpatient Drug Interim Final Rule (CMS 2345-IFC3) | site |



    (November 21, 2019) - - Today (November 21, 2019), the Centers for Medicare & Medicaid Services published the following information:

    Delay of Inclusion of Territories in Medicaid Drug Rebate Program; Covered Outpatient Drug Interim Final Rule (CMS 2345-IFC3) On February 1, 2016, the Centers for Medicare & Medicaid Services (CMS) published the “Medicaid Program; Covered Outpatient Drug” Final Rule with Comment Period (CMS-2345-FC) in the Federal Register (81 FR 5170). As part of that final rule with comment period, we amended the regulatory definitions of “States” and “United States” to include the U.S. Territories (American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands) beginning A
    ...
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  • Staff Reporter 1
    The Treasury Department and IRS issue Final Regulations regarding Like-kind Exchanges of Real Property
    by Staff Reporter 1
    The Treasury Department and IRS issue Final Regulations regarding Like-kind Exchanges of Real Property | site |


    (Information contained in U.S. Internal Revenue Service [IRS] press release: November 23, 2020)

    WASHINGTON – Today the Treasury Department and Internal Revenue Service issued final regulations relating to section 1031 like-kind exchanges. These final regulations address the definition of real property under section 1031 and also provide a rule addressing the receipt of personal property that is incidental to real property received in a like-kind exchange. The 2017 Tax Cuts and Jobs Act (TCJA) limited like-kind exchange treatment to exchanges of real property. As of January 1, 2018, exchanges of personal or intangible property such as vehicles, artwork, collectibles, patents, and other intellectual property generally do not qualify for nonrecognition of gain as like-kind exchanges. Also, like-kind exchange treatment applies only to exchange
    ...
    11-24-2020, 07:55 PM
  • Staff Reporter 1
    AHA Statement On HHS Final Rules Removing Barriers To Coordinated Care
    by Staff Reporter 1
    American Hospital Association Statement On U.S. Department of Health and Human Services Final Rules Removing Barriers To Coordinated Care | site |




    (Information contained in American Hospital Association [AHA] press release: November 20, 2020)




    AHA Statement On HHS Final Rules Removing Barriers To Coordinated Care



    Tom Nickels
    Executive Vice President
    American Hospital Association

    November 20, 2020


    The actions taken today by the Department of Health and Human Services will significantly benefit patients by allowing their health care providers to work together to improve their care. The AHA greatly appreciates the leadership of Deputy Secretary Hargan in finalizing this rule and listening to the concerns of hospitals and health systems. The AHA has long called for the ability to coordinate care among providers to provide comprehensive patient care. Outd...
    11-24-2020, 04:49 AM
  • Staff Reporter 1
    American Hospital Association Statement on Most Favored Nation Model Interim Final Rule
    by Staff Reporter 1
    American Hospital Association Statement on Most Favored Nation Model Interim Final Rule | site |


    (Information contained in American Hospital Association [AHA] press release: November 20, 2020)



    AHA Statement on Most Favored Nation Model Interim Final Rule


    Tom Nickels
    Executive Vice President
    American Hospital Association


    November 20, 2020


    America’s hospitals and health systems have very deep concerns about the substance and legality of today’s Most Favored Nation Model interim final rule. Instead of holding drug companies accountable for drug prices, it slashes reimbursement to hospitals for drugs. In addition to the continued concerns we have expressed about the impact this model has on the 340B drug pricing program, we strongly question whether attempting to institute such a sweeping and controversial policy in an interim final rule is legally permissible. B...
    11-24-2020, 04:29 AM
  • Staff Reporter 1
    Federal Reserve Board issues Final Rule modifying the Annual Assessment fees for its Supervision and Regulation of large Financial Companies
    by Staff Reporter 1
    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
    ...
    11-20-2020, 10:21 PM
  • Staff Reporter 1
    CMS publishes Medicaid and Children’s Health Insurance Program Managed Care Final Rule Fact Sheet
    by Staff Reporter 1
    Centers for Medicare and Medicaid Services publishes Medicaid and Children’s Health Insurance Program Managed Care Final Rule Fact Sheet | site |



    (November 9, 2020) - - On November 9, 2020 the Centers for Medicare and Medicaid Services (CMS) published the following:


    Medicaid & Children’s Health Insurance Program (CHIP) Managed Care Final Rule - CMS-2408-F

    Overview The announcement of the 2020 Medicaid & CHIP Managed Care final rule highlights the Trump Administration’s continued commitment to reduce administrative burden and cut red tape, support state flexibility, and promote transparency and innovation in the Medicaid and CHIP programs for the growing number of people in Medicaid and CHIP managed care. This final rule finalizes policies from the Notice of Proposed Rule Making issued in November 2018. Based on 2018 state Medicaid and CHIP enrollment data, eighty three percent, or around 66 million people, are enrolled in...
    11-16-2020, 07:32 AM

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