Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Global Insurers Face Pressure on Iran Sanctions
By Marlene Y. SatterThe move toward tightening sanctions on Iran has moved up a notch as proposed legislation would target global insurers who provide insurance or reinsurance on any deals with Iran that are forbidden by U.S. law.
July 30, 2010
OPINION Column: Don Trone on What a 'Harmonized' Fiduciary Standard Should Look LikeNow that the SEC has the duty to study and mandate fiduciary conduct for advice providers, discussion turns to what that means.
July 15, 2010
Chris Dodd's Big Kiss (Off)The Dodd-Frank Wall Street Reform and Consumer Protection Act, and its 533 new rules, is now law (in contrast, Sarbanes-Oxley had 16). The firm of...
June 18, 2010
House and Senate Clash Over 401(k) Fee DisclosureThe Senate Finance Committee has removed a requirement that all 401(k) fees be disclosed to workers and employers from jobs legislation it is considering, putting the Senate at loggerheads with the House of Representatives.
May 01, 2010
What It Will CostAs President Obama signed healthcare reform legislation on March 23, he probably would have wanted the director of the Congressional Budget Office, Douglas Elmendorf, sitting...
January 01, 2010
Editor's Note: The Small PrintYou're no doubt familiar with the not-so-funny joke that goes like this: You never want to see sausage, or legislation, being made. As I write...
March 20, 2009
Financial Services Committee considers prohibiting bonusesHouse Financial Services Committee Chairman Barney Frank, D-Mass., announced today the committee is considering legislation that will prohibit bonus payments by companies who have received...
March 05, 2009
Boomers could see lower drug costs via importsIn an effort to ease prescription drug costs in the United States - especially for older Americans - four senators introduced legislation yesterday that will...