User: newstrust Topic: Business
Category: Finance :: Financial Regulation
Last updated: Jul 23 2016 22:20 IST RSS 2.0
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Jesson gets bipartisan grilling in Congress 26.4.2012 Minnesota Public Radio: News
Minnesota Human Services Commissioner Lucinda Jesson was in the hot seat today on Capitol Hill, trying to defend the state's Medicaid program for the poor and disabled, which she oversees.
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House overwhelmingly approves oversight change to state school trust lands 26.4.2012 News

Moments after the Minnesota House overwhelmingly approved a measure changing oversight of state school trust lands, Republicans and Democrats shook hands and exchanged hugs.

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White House issues CISPA veto threat 26.4.2012 Daily Kos
Opposition to the Cyber Intelligence Sharing and Protection Act (CISPA) has already forced changes to the bill but this opposition might end up sending it back to the drawing board. The White House Office of Management and Budget has issued a lengthy statement in opposition to the bill, which includes a veto threat. OMB says the bill "departs from longstanding efforts to treat the Internet and cyberspace as civilian spheres." The grounds for the White House opposition are substantial: "H.R. 3523 fails to provide authorities to ensure that the Nation's core critical infrastructure is protected while repealing important provisions of electronic surveillance law without instituting corresponding privacy, confidentiality, and civil liberties safeguards. [...]" "The bill also lacks sufficient limitations on the sharing of personally identifiable information between private entities and does not contain adequate oversight or accountability measures necessary to ensure that the data is ...
GOP Targets Safety Net Programs, Financial Regulations To Avoid Defense Cuts 26.4.2012 Think Progres
Committees in the House are busily marking up legislation to avoid the scheduled cuts that lawmakers approved as part of the 2011 Budget Control Act. Those automatic reductions to domestic and defense spending — agreed to by both parties during the effort to raise the nation’s borrowing limit — will go into effect on January [...]
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Sex scandal: Secret Service investigators examining previous trips 25.4.2012 Chicago Tribune: Nation
Sex scandal: Secret Service investigators examining previous trips
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Secret Service scandal: No similar recent examples of misconduct, Napolitano says 25.4.2012 Washington Post: Politics
The U.S. Secret Service in the last two and a half years has received no misconduct complaints similar to those about personnel behavior ahead of President Obama’s recent trip to Colombia, Homeland Security Secretary Janet Napolitano told lawmakers ...
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Minnesota commissioner to testify before congressional hearing 25.4.2012 News

Lucinda Jesson, the commissioner of the state's Department of Human Services, is scheduled to testify Wednesday, April 25 before a joint Oversight Subcommittee hearing in Congress.

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Today in Congress: Senate wraps up post office bill; House quietly falls in line on transportation 25.4.2012 NewsTrust Yahoo Pipes Feed
The House debated six suspension bills yesterday, passing two (H.R. 2947 and H.R. 491) by voice vote, H.R. 2157 by a recorded roll call vote, and postponing three more votes for today. The Senate considered and rejected the resolution of disapproval seeking to block the new NLRB rules, then went on to run through 16 of the 39 pending amendments to the postal reform bill. Of those that got roll call votes, only one (Akaka amendment #2049, managerial organizations) went down despite majority support. (All amendments were subject to the "painless filibuster," that is, an agreed-upon requirement of 60 votes to pass.) They did manage to muster the 60 votes needed to waive the Budget Act with respect to the bill, however. Sen. Jefferson Beauregard Sessions, III (R-AL) had objected that the bill's provisions transferring back the USPS's now-infamous forced overpayments for its pension system was a violation of pay-for requirements. But that's not accurate, and 62 Senators collectively told him to go ...
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Grant diplomatic visa to Modi: Lawmaker to Hillary 25.4.2012 CNN-IBN Top Stories
US lawmaker and Congressman Joe Walsh's letter drew strong reactions from the Indian American Muslim community in the US.
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2 More Secret Service Employees Resigning 25.4.2012 NYT: Home Page
The Secret Service announced the fates of five remaining employees under investigation in connection with misconduct with prostitutes in Colombia.

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Minnesota Senate sends fireworks bill to governor 25.4.2012 Star Tribune: Latest
The Minnesota Senate passed a bill to allow aerial fireworks to be purchased and used in Minnesota; the bill now goes to Gov. Mark Dayton.
Another Capitulation on Postal “Reform” 25.4.2012 Red State
As we’ve noted in recent weeks, there is an effort to bail out the Postal Service with phony accounting measures. Democrats are currently voting on amendments to a bailout bill ( S. 1789 ) that leaves taxpayers on the hook, without reforming the USPS with structural changes that the Postmaster General himself supports. This bill will offer a backhanded channel to grant the USPS $41 billion from the Treasury. This is accomplished in two ways. First, the bill would rebate $11.1 billion in “overpayments” to the Treasury. The problem is that these are not overpayments. Last year, the GAO ruled that the Postal Service was wrong in their assertion that they overpaid for employee retirement benefits. After all, like anyone who pays a fixed amount into a pension fund with a variable rate of interest, there are ups and downs depending on the market. As such, any money recouped from the Treasury would engender more taxpayer funding. Second, this bill would re-amortize the entire prefunded payment ...
GOP pulls its budget punches as follow up legislation advances on Capitol Hill 25.4.2012 Star Tribune: Politics
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Midday open thread 25.4.2012 Daily Kos
Best Romney surrogate EVER ! Longtime host of "Lifestyles of the Rich and Famous," Robin Leach. Not as catchy as "death panels," but the use of the phrase "job-killing regulations" is up by approximately a gaggillion percent—thanks for playing along, "liberal" media: Between 2007 and 2011, use of the phrase “job-killing regulations” in U.S. newspapers increased by 17,550%. Recently, committees of the 112th U.S. House of Representatives convened twenty hearings in its first twenty days that explored the link between regulations and the country’s job numbers. Be careful what you tweet : An Occupy Wall Street protester, arrested during last fall's mass protest on the Brooklyn Bridge, has lost his bid to stop prosecutors from subpoenaing his Twitter records. [...] Criminal Court Judge Matthew Sciarrino Jr., who is overseeing a special courtroom dedicated to handling nearly 2,000 Occupy-related cases, ruled against Harris, saying he did not have standing to challenge the subpoena. What ...
Senate rejects GOP measure to overturn new rules speeding up union elections 25.4.2012 Star Tribune: Politics
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US needs top-level approval to launch cyberattacks 24.4.2012 Boston Globe: Latest
US needs top-level approval to launch cyberattacks
Consumer bureau probes arbitration clauses in financial products 24.4.2012 LA Times: Business
WASHINGTON -- The government's new consumer watchdog is launching an inquiry into the use of arbitration clauses in financial contracts, which keep disputes over credit cards and other products out of the court system.

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Use Of Phrase ‘Job Killing Regulations’ Increases 17,550% In Newspapers Since 2007 24.4.2012 Think Progres
by Michael A. Livermore Between 2007 and 2011, use of the phrase “job-killing regulations” in U.S. newspapers increased by 17,550%. Recently, committees of the 112th U.S. House of Representatives convened twenty hearings in its first twenty days that explored the link between regulations and the country’s job numbers.  Protections for our public health and environment [...]
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Cispa cybersecurity bill opposed by Obama administration 24.4.2012 The Guardian -- World Latest
White House official reiterates president's opposition to Cyber Intelligence Sharing and Protection Act ahead of vote A senior Obama administration official has stressed the White House's opposition to a controversial cybersecurity bill ahead of a vote in the House of Representatives later this week. The Cyber Intelligence Sharing and Protection Act (Cispa) is intended to facilitate sharing of information on online threats across different federal agencies and private companies. It has been criticised by both activists and politicians of both Democrats and Republicans for vague wording and insufficient safeguards. Ahead of the bill coming in front of the House of Representatives alongside three other cybersecurity bills, Alec Ross, a senior adviser for innovation to Hillary Clinton, reiterated the administration's opposition to the proposals in more explicit language than previous White House statements. "The Obama administration opposes Cispa," he told the Guardian. "The president has ...
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US Senate to vote on measure to nullify union rules 24.4.2012 Star Tribune: Latest
Senate Republicans are trying an unusual tactic to nullify new labor regulations that would speed up the time frame for unions to hold workplace elections.
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