Federal Legislative Developments

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The New York Law Journal published an article titled “Foreclosure Crisis: Intramural Battles May be the Toughest Part,” which was authored by Mark Peters, a partner in the Firm’s New York office. …
Read More Foreclosure Crisis: Intramural Battles May be the Toughest Part

As we reported to you in our September 27 update (please click here to view this and other previous updates), several dozen comments associated with CMS’s proposed rule for the Medicare Home Health Prospective Payment System (HH PPS) Rate Update for Calendar Year 2011 addressed the so-called “36-month rule” for home health agencies (HHAs) that went into effect in January 2010. …
Read More Healthcare News from Capitol Hill and the Department of Health and Human Services – November 22, 2010

IMPACT OF THE ELECTION ON HEALTHCARE REFORM:  The November 2 midterm congressional elections resulted in a change in leadership in the House of Representatives, where Republicans are poised to take control of the chamber when the 112th Congress convenes in early January 2011. …
Read More Healthcare News from Capitol Hill and the Department of Health and Human Services – November 8, 2010

California Insurance Commissioner Steve Poizner took the initiative in 2009 to compel insurance companies doing business in his state to limit their investments in companies that do business with the nuclear, energy and defense sectors of the Iranian economy. …
Read More OAL: CA Insurance Commissioner Improperly Restricted Insurers With Iran Investments

On October 1, the Centers for Medicare and Medicaid Services (CMS) announced a series of Senior Medicare Patrol (SMP) program grants totaling $9 million.  These grants were awarded to SMPs across the country, and will be administered by the Administration on Aging (AoA) within the Department of Health and Human Services (HHS). …
Read More Healthcare News from Capitol Hill and the Department of Health and Human Services – October 12, 2010

On September 29, the Washington Post and New York Times reported that the United States Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued a proposal this week that would require US banks to report all electronic money transfers into and out of the United States. James Freis Jr., director of the FinCEN, explained that the proposal would “greatly assist law enforcement in detecting and ferreting out transnational organized crime, multinational drug cartels, terrorist financing and international tax evasion.” …
Read More Treasury Department Proposes a Plan that Would Require US Banks to Report All Overseas Money Transfers

On September 23, 2010, David Brummond, Senior Sanctions Advisor for Insurance at the Office of Foreign Assets Control (“OFAC”) in the U.S. Treasury Department, gave a presentation at the HR Litigation Conference on International Economic Sanctions on “Regulation of Business – Important Considerations for Insurance and Reinsurance.”  Mr. Brummond’s presentation gave an overview of the role of OFAC with respect to insurance industry related activities. …
Read More OFAC Gives Presentation on Regulation of Business – Important Considerations for Insurance and Reinsurance