News & Analysis as of

Congressional Investigations & Hearings

CFPB Director Cordray Testifies Before House Financial Services Committee

by Goodwin on

On April 5, 2017, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray testified before the U.S. House of Representatives Financial Services Committee to present the CFPB’s semi-annual report, which is...more

The House Financial Services Committee to Hold a Hearing on Financial CHOICE Act 2.0 this Wednesday – Here’s a Summary of...

by Dorsey & Whitney LLP on

While passage in the House seems likely, the Financial Choice Act may undergo significant changes before it may pass in the Senate. Here is a summary of certain governance and executive compensation provisions that are...more

Proposed TN Legislation Requires Restraint System on School Buses - Legislative Update - Tennessee General Assembly

Next week the Senate Education Committee and House Transportation Committee is expected to hear legislation requiring any school bus ordered or purchased on or after July 1, 2018, to be equipped with a restraint system....more

FDA User Fee Hearings Picking Up Steam on Capitol Hill

As we noted previously in our introductory blog post on the 2017 User Fee Act (UFA) reauthorization process, the first UFA hearing on Capitol Hill was convened on March 2, 2017 by the House Energy & Commerce Committee’s (E&C)...more

GAO, states jump into battles to rein in Big Pharma’s sky-high prices

Big Pharma’s skyrocketing prices are finally in for some real scrutiny by the U.S. Government Accountability Office (GAO), as well as new initiatives in the Maryland and New York statehouses....more

The JOBS Act at Five: Congressional Hearing Highlights Need for Further Reform

by Farrell Fritz, P.C. on

On March 22, the Subcommittee on Capital Markets, Securities, and Investment of the Financial Services Committee conducted a hearing entitled “The JOBS Act at Five: Examining Its Impact and Ensuring the Competitiveness of the...more

'Twas the Night Before Christmas - Not a Creature Was Stirring, Except EPA - EPA Releases Final Fracking Report and General...

by Miles & Stockbridge P.C. on

As the Obama era comes to a close, on Christmas eve the U.S. Environmental Protection Agency (“EPA”) issued its final report on "Hydraulic Fracturing for Oil and Gas: Impacts from the Hydraulic Fracturing Water Cycle on...more

Hey! Did You Hear? The United States Imposed Sanctions Against Russia.

by Bass, Berry & Sims PLC on

For those of us who live and breathe U.S. economic sanctions, we are used to most people largely ignoring what goes on in our world. The United States’ recent imposition of new sanctions against Russia, however, was not one...more

U.S. Senate committee rips drug makers for predatory price-gouging

Congress must stop Big Pharma predators from ripping off American consumers by acting like hedge funds, buying up decades-old, off-patent drugs and jacking up prices on long-standing “gold standard” prescription medications,...more

Cybersecurity Experts to Congress: It’s Time for Guidance

by Sands Anderson PC on

On October 21, 2016, millions of internet users across the United States were prevented from accessing a number of popular websites, including Amazon, Netflix, Spotify and Twitter. The reason? A hacker had previously...more

Internet of Things (IoT) Security Takes Center Stage At FBI, DHS, NIST and Congress

by Dentons on

On October 21, 2016, a domain name service host and internet management company experienced at least two waves of a distributed denial of service (DDoS) attack that impacted at least 80 websites, including those belonging to...more

US Federal Reserve Board Chair Janet Yellen Testifies Before House Committee on Financial Services

by Shearman & Sterling LLP on

Janet Yellen, Chair of the Federal Reserve, testified before the Committee on Financial Services of the US House of Representatives. Yellen began by discussing the Federal Reserve Board’s efforts to strengthen regulation on...more

Congressional Hearings Focus on Health Policy Issues - September 2016

by Reed Smith on

A number of recent Congressional hearings have focused on health policy issues, including: ..Senate Health, Education, Labor, and Pensions Committee hearings on laboratory testing in the era of precision medicine, and...more

Congress Revisits the History of the Federal Power Act to Consider its Future

On September 7, 2016, the House Committee on Energy and Commerce held a hearing titled “Federal Power Act: Historical Perspectives,” exploring the development and restructuring of the wholesale energy markets over the past...more

The House Ways and Means Committee is looking at Endowments

by Shipman & Goodwin LLP on

The House Ways and Means Committee’s Subcommittee on Oversight Chairman Peter Roskam announced that the Subcommittee will hold a hearing on college and university endowments. The hearing is entitled “Back to School: A Review...more

PIPES Act Puts More Priorities in PHMSA’s Regulatory Pipeline

by King & Spalding on

On June 22, 2016, the Protecting Our Infrastructure of Pipelines and Enhancing Safety Act of 2016 (PIPES Act) was signed into law. The new law reauthorizes the Department of Transportation’s Pipeline and Hazardous Materials...more

Recent Congressional Hearings

by Reed Smith on

Congressional committees held hearings on a wide variety of on health policy issues this month before going on summer recess. Notable hearings include the following...more

Even Members of Congress Are Confused by the FCC’s Latest Ruling

by Dorsey & Whitney LLP on

I was contemplating a monthly column given the confusion surrounding the FCC’s recent rulings. I guess I better make it weekly. Here’s this week’s episode....more

Senate Finance Committee Explores Revisions to Stark Law

by Dorsey & Whitney LLP on

At a July 12, 2016 hearing entitled “Examining the Stark Law: Current Issues and Opportunities,” members of the U.S. Senate Finance Committee expressed openness to potentially significant amendments to the Stark Law aimed at...more

Senate Committee Releases Report on Potential Stark Law Changes, Hearing Scheduled

On June 30, 2016, the Senate Finance Committee’s Republican staff issued a 20-page report discussing comments made by industry stakeholders after a December 2015 round-table on the future of the physician self-referral law,...more

SEC Disclosure Initiative Encounters Resistance on Capitol Hill

by WilmerHale on

Since 2013, the Securities and Exchange Commission, under the direction of Chair Mary Jo White, has undertaken a “Disclosure Effectiveness Initiative” aimed at improving the content and presentation of disclosures by...more

MedPAC Releases Report to Congress on Medicare and the Health Care Delivery System

by King & Spalding on

In June, the Medicare Payment Advisory Commission (MedPAC) released their final annual report to Congress detailing recommendations on a variety of Medicare payment system issues....more

Weekly Update Newsletter - June 2016 #4

by PilieroMazza PLLC on

SENATE TESTIMONY - Jon Williams Testifies in Kingdomware Senate Committee Hearing On June 23, Jon Williams, Partner in the PilieroMazza Government Contracts Group, testified before the U.S. Senate Committee on Small...more

Financial Services Weekly News - June 2016 #4

by Goodwin on

Regulatory Developments - SEC Issues Order Approving Inflation Adjustments to “Qualified Client” Dollar Thresholds for Investment Adviser Performance Fee Rule - On June 14, the SEC issued an order approving...more

Recent Congressional Health Policy Hearings and Markups

by Reed Smith on

A number of Congressional committees have recently considered legislation and/or held hearings on various health policy proposals. ..The Ways and Means Committee approved seven bills related to health care coverage and...more

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