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14 Aug 2023, 6:39 am
Department of Health & Human Services (“HHS”), the Department of Labor, and the Department of Treasury (collectively, the “Departments”) temporarily suspended the federal Independent Dispute Resolution (“IDR”) process immediately following the issuance of a decision by the U.S. [read post]
13 Aug 2023, 9:01 pm
The recently published Note is the second joint advisory issued by DOJ and the Commerce and Treasury Departments. [read post]
13 Aug 2023, 9:01 pm
The Biden Administration issued an executive order on August 9th that declared a national emergency and directed the Treasury & Commerce Departments to adopt regulations requiring outbound investment screening. [read post]
11 Aug 2023, 3:59 pm
In conjunction, the Treasury Department issued a press release, fact sheet, and Advance Notice of Proposed Rulemaking (ANPRM) seeking comments from the public on the proposed restrictions by September 28. [read post]
11 Aug 2023, 10:11 am
The current rules governing the IDR process are defined by regulations implementing the NSA jointly issued by the Department of Health and Human Services (HHS), the Department of Labor (DOL), and the Department of the Treasury (collectively, the “Departments”). [read post]
10 Aug 2023, 4:36 pm
This regulatory process and the criteria under consideration are described in the Department of the Treasury’s Advance Notice of Proposed Rulemaking (ANPRM), the key aspects of which are summarized below. [read post]
10 Aug 2023, 9:59 am
For example, a news article in The Washington Post notes that "Fitch pointed to 'repeated debt limit standoffs and last-minute resolutions,'" explaining correctly that "[t]he debt ceiling sets the maximum legal amount the Treasury Department can borrow, and failure to raise it in time — which takes an act of Congress — could mean bondholders of U.S. debt aren’t repaid in full. [read post]
10 Aug 2023, 8:59 am
Treasury Department had informed him that a failure to pass the resolution would cause the agency to take immediate regulatory action and to lobby for legislation imposing additional obligations on lawyers. [read post]
10 Aug 2023, 5:42 am
[ABA Journal] * Treasury announcing regulations to curb money laundering through real estate. [read post]
9 Aug 2023, 6:05 am
Treasury. [read post]
8 Aug 2023, 12:50 pm
The global debt levels have reached new records despite the massive technological advances made in recent decades.[1] The current global debt has reached approximately 350% of the global GDP, or the equivalent of $37,500 per person in the world.[2] Although international economists have forecasted that the global economy will continue to grow in 2023, albeit at a decreased rate of 2.7% from the 6% of 2021, their predictions are based upon gross domestic product,… [read post]
8 Aug 2023, 5:55 am
Treasury Secretary Janet Yellen went to China last month, she sent a message to developing countries that the United States has their backs by calling on Beijing to up its climate finance commitments. [read post]
8 Aug 2023, 4:00 am
In a Michigan case to be heard in the coming months, the question is whether the Michigan Department of Treasury’s use of a statutory formula to allocate income and calculate business tax violates the Commerce Clause and Due Process as applied to the taxpayer because it was determined in a year that the out-of-state business had an especially high level of activity in Michigan. [read post]
6 Aug 2023, 10:00 pm
A recently issued White House Fact Sheet, along with a regulatory package from the US Departments of the Treasury, Labor, and Health and Human Services (the Departments), provides some welcome clarity for plan sponsors and fiduciaries on the requirements imposed on group health plans by the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), while also raising key questions for stakeholders. [read post]
6 Aug 2023, 10:00 pm
A recently issued White House Fact Sheet, along with a regulatory package from the US Departments of the Treasury, Labor, and Health and Human Services (the Departments), provides some welcome clarity for plan sponsors and fiduciaries on the requirements imposed on group health plans by the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), while also raising key questions for stakeholders. [read post]
6 Aug 2023, 10:00 pm
A recently issued White House Fact Sheet, along with a regulatory package from the US Departments of the Treasury, Labor, and Health and Human Services (the Departments), provides some welcome clarity for plan sponsors and fiduciaries on the requirements imposed on group health plans by the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), while also raising key questions for stakeholders. [read post]
6 Aug 2023, 10:00 pm
A recently issued White House Fact Sheet, along with a regulatory package from the US Departments of the Treasury, Labor, and Health and Human Services (the Departments), provides some welcome clarity for plan sponsors and fiduciaries on the requirements imposed on group health plans by the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), while also raising key questions for stakeholders. [read post]
6 Aug 2023, 10:00 pm
A recently issued White House Fact Sheet, along with a regulatory package from the US Departments of the Treasury, Labor, and Health and Human Services (the Departments), provides some welcome clarity for plan sponsors and fiduciaries on the requirements imposed on group health plans by the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), while also raising key questions for stakeholders. [read post]
6 Aug 2023, 10:00 pm
A recently issued White House Fact Sheet, along with a regulatory package from the US Departments of the Treasury, Labor, and Health and Human Services (the Departments), provides some welcome clarity for plan sponsors and fiduciaries on the requirements imposed on group health plans by the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), while also raising key questions for stakeholders. [read post]
6 Aug 2023, 9:01 pm
MMFs are managed with the goal of providing principal stability and access to liquidity by investing in high-quality, short-term debt securities (such as Treasury bills, repurchase agreements and commercial paper) whose value does not fluctuate significantly in normal market conditions. [read post]
