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  • 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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  • Federal Trade Commission Releases Agenda for Franchise Rule Virtual Workshop

    Federal Trade Commission Releases Agenda for Franchise Rule Virtual Workshop

    Federal Trade Commission Releases Agenda for Franchise Rule Virtual Workshop| site |



    (November 3, 2020) - - Today, November 3, 2020, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission has released the agenda for the Franchise Rule virtual workshop on November 10.

    The event will explore a number of issues related to the Franchise Rule, and the comments received in response to the FTC’s request for comment about the Rule last year. The Rule is designed to ensure that consumers who are considering buying a franchise have key information they need to weigh the risks and benefits of that potential investment. Andrew Smith, Director of the FTC’s Bureau of Consumer Protection, will give introductory remarks to kick off the event and will be followed by Congressman Kevin Hern of Oklahoma, who will give an opening address. The three panel discussion will focus on representations that franch
    ...
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  • U.S. Agriculture Secretary Perdue Statement on DOL H2A Wage Rule

    U.S. Agriculture Secretary Perdue Statement on DOL H2A Wage Rule

    U.S. Agriculture Secretary Perdue Statement on DOL's H2A Wage Rule | site |



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

    (Washington, D.C., November 2, 2020) – U.S. Secretary of Agriculture Sonny Perdue today praised the Department of Labor’s (DOL) new H2A Wage Rule, which delivers on President Trump’s promise to stabilize farm labor costs and reform the H-2A wage rate. “This rule shows once again President Trump’s commitment to America’s farmers by delivering lower costs when they need it the most,” said Secretary Perdue. “Over the past several years farm wages have increased at a higher pace than other industries, which is why this DOL rule could not come at a better time. This is an example of good government that will ensure greater stability for farmers and help them make long term business decisions rather than facing uncertainty year after ...
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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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  • USDA Exempts Tongass National Forest from the 2001 Roadless Rule

    USDA Exempts Tongass National Forest from the 2001 Roadless Rule

    U.S. Department of Agriculture Exempts Tongass National Forest from the 2001 Roadless Rule | site |



    (October 28, 2020) - - Today, October 28, 2020, the U.S. Department of Agriculture published the following information: WASHINGTON, Oct. 28, 2020 – The U.S. Department of Agriculture (USDA) today announced a final Alaska Roadless Rule that exempts the Tongass National Forest from the 2001 provision that prohibited road construction, road reconstruction and timber harvests. The Record of Decision identifies the selected alternative, provides the rationale for the decision, and explains that the exemption does not authorize any specific projects in Alaska. Proposed projects must continue to comply with the 2016 Tongass Land Management Plan and be analyzed under the National Environmental Policy Act. The official notice is scheduled for publication in the Federal Register on Oct. 29, 2020. A copy of the final Alaska Roadless Rule and the Record of Decision als...
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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 invite Comment on Proposed Rule under Bank Secrecy Act

    Agencies invite Comment on Proposed Rule under Bank Secrecy Act

    Agencies invite Comment on Proposed Rule under Bank Secrecy Act | site |



    (October 23, 2020) - - Today, October 23, 2020, the Board of Governors of the Federal Reserve System published the following information:





    Agencies invite comment on proposed rule under Bank Secrecy Act


    Board of Governors of the Federal Reserve System
    Financial Crimes Enforcement Network



    The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board today invited comment on a proposed rule that would amend the recordkeeping and travel rule regulations under the Bank Secrecy Act. FinCEN and the Board, pursuant to their shared authority, are proposing amendments to the recordkeeping rule jointly, while FinCEN, pursuant to its sole authority, is proposing amendments to the travel rule. Under the current recordkeeping and travel rule regulations, financial institutions must collect, retain, and
    ...
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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 Finalize Rule to Reduce the Impact of Large Bank Failures

    Agencies Finalize Rule to Reduce the Impact of Large Bank Failures

    Agencies Finalize Rule to Reduce the Impact of Large Bank Failures | site |




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



    Agencies Finalize Rule to Reduce the Impact of Large Bank Failures



    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency




    The federal bank regulatory agencies today finalized a rule to limit the interconnectedness and reduce the impact from failure of the largest banking organizations. The final rule is substantially similar to the proposal announced last year and complements other measures that the agencies have taken to limit interconnectedness among the largest banking organizations. U.S. global systemically important bank holding companies, or GSIBs, as well as U.S
    ...
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  • SEC Enables Immediate Effectiveness of Proposed Rule Change to Facilitate NYSE Electronic Auctions

    U.S. Securities and Exchange Commission Enables Immediate Effectiveness of Proposed Rule Change to Facilitate NYSE Electronic Auctions in Light of Temporary Closure of Physical Trading Floor | site |





    (March 21, 2020) - - Today (March 21, 2020) the U.S. Securities and Exchange Commission (SEC) published the following information: Washington D.C., March 21, 2020 — The U.S. Securities and Exchange Commission noticed for immediate effectiveness a proposed rule filing submitted by New York Stock Exchange LLC (NYSE) to facilitate electronic auctions in light of its decision to temporarily close its New York trading floor. NYSE announced that it will temporarily close its trading floor effective Monday, March 23, as a precautionary measure in response to COVID-19. The NYSE rule filing modifies certain rules to set wider price parameters, and to remove volume limits, within which NYSE designated market makers (DMMs) can facilitate auctions in an electron...
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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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  • Federal Reserve Board Approves Rule to Simplify its Capital Rules for Large Banks, Preserving the Strong Capital Requirements Already in Place

    Federal Reserve Board Approves Rule to Simplify its Capital Rules for Large Banks, Preserving the Strong Capital Requirements Already in Place| site |




    (March 4, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board on Wednesday approved a rule to simplify its capital rules for large banks, preserving the strong capital requirements already in place. The "stress capital buffer," or SCB, integrates the Board's stress test results with its non-stress capital requirements. As a result, required capital levels for each firm would more closely match its risk profile and likely losses as measured via the Board's stress tests. The rule is broadly similar to the proposal from April 2018, with a few changes in response to comments. "The stress capital buffer materially simplifies the post-crisis capital framework for banks, while maintaining the strong capital requirements that ar...
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  • 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
  • Staff Reporter 1
    Federal Trade Commission Releases Agenda for Franchise Rule Virtual Workshop
    by Staff Reporter 1
    Federal Trade Commission Releases Agenda for Franchise Rule Virtual Workshop| site |



    (November 3, 2020) - - Today, November 3, 2020, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission has released the agenda for the Franchise Rule virtual workshop on November 10.

    The event will explore a number of issues related to the Franchise Rule, and the comments received in response to the FTC’s request for comment about the Rule last year. The Rule is designed to ensure that consumers who are considering buying a franchise have key information they need to weigh the risks and benefits of that potential investment. Andrew Smith, Director of the FTC’s Bureau of Consumer Protection, will give introductory remarks to kick off the event and will be followed by Congressman Kevin Hern of Oklahoma, who will give an opening address. The three panel discussion will focus on representations that franch
    ...
    11-05-2020, 09:14 PM
  • Staff Reporter 1
    U.S. Agriculture Secretary Perdue Statement on DOL H2A Wage Rule
    by Staff Reporter 1
    U.S. Agriculture Secretary Perdue Statement on DOL's H2A Wage Rule | site |



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

    (Washington, D.C., November 2, 2020) – U.S. Secretary of Agriculture Sonny Perdue today praised the Department of Labor’s (DOL) new H2A Wage Rule, which delivers on President Trump’s promise to stabilize farm labor costs and reform the H-2A wage rate. “This rule shows once again President Trump’s commitment to America’s farmers by delivering lower costs when they need it the most,” said Secretary Perdue. “Over the past several years farm wages have increased at a higher pace than other industries, which is why this DOL rule could not come at a better time. This is an example of good government that will ensure greater stability for farmers and help them make long term business decisions rather than facing uncertainty year after ...
    11-05-2020, 07:57 PM

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