Topic: Federal Legislative Developments
White House Issues Memorandum Announcing UAS/Drone Integration Pilot Program
On October 25, 2017, the White House issued its previously-rumored Presidential Memorandum (“Memorandum”) calling for the establishment of a UAS Integration Pilot Program (“Program”) to test the further integration of Unmanned Aircraft Systems (“UAS” or “drones”) into the national airspace system (“NAS”) in a select number of State, local and tribal jurisdictions. The Memorandum calls for the Secretary of Transportation (“Secretary”) to establish the Program by late January 2018, and to have entered into agreements with at least five State, local or tribal governments to participate in the Program by mid-2018. Under the terms of the Memorandum, the Program will terminate on October 25, 2020, unless extended by the Secretary.
Read MoreWhite House Exploring Model Program for Shared Federal and State Regulation of Drone Operations
One of the major issues facing the commercial drone industry is the lack of certainty in the regulatory environment.
Read MoreTrump Administration Issues Executive Order Regarding Health Coverage and Discontinues Cost-Sharing Reductions Payments
On October 12, 2017, President Donald Trump signed an Executive Order “to reform the United States healthcare system to take the first steps to expand choices and alternatives to Obamacare plans and increase competition to bring down costs for consumers.”
Read MoreImpact of the Financial CHOICE Act 2.0 on the Insurance Industry
The Financial CHOICE Act 2.0 released by Rep. Jeb Hensarling (R-Texas) on April 19, 2017 (“Act”) would have a significant impact on the extent to which the federal government regulates insurance.
Read MoreDodd-Frank and the Future of Federal Insurance Regulation
In the early days of President Trump presidency, it has become increasingly likely that the Dodd–Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) will be revisited by the Republican Congress and administration. President Trump was quoted on January 30th as referring to Dodd-Frank as a “disaster” and insisting that his administration would do a “big number” on the legislation.
Read MoreU.S. Department of Treasury Issues New TRIA Rules
This week, the U.S. Department of the Treasury (“Treasury”) promulgated additional rules affecting the Terrorism Risk Insurance Act (“TRIA”), which had been recently reauthorized in late 2015 (the “Rules”).
Read MoreTRIA Update: NAIC Data Call Imminent
This week, the National Association of Insurance Commissioners (“NAIC”) provided an update on its TRIA data call initiative (the “Data Call”).
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