Debate on healthcare reform legislation continued on the Senate floor last week, while behind the scenes a tentative agreement was reached among Democrats on the controversial public insurance option. As a result, further consideration of the Senate healthcare reform bill is temporarily on hold, as Democratic leaders await cost estimates on the new public option compromise.
Read More Last Week in DC: The Healthcare Reform Debate – December 14, 2009
Federal Legislative Developments
Last Week in DC: The Healthcare Reform Debate – December 7, 2009
By Troutman Pepper Locke on
The Senate returned from Thanksgiving break last week and resumed consideration of its healthcare reform bill in earnest, debating and voting on several amendments to the legislation. However, despite slow but steady progress and a seven day work week, agreements on the more controversial aspects of the 2,000+ page bill remained elusive.
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Read More Last Week in DC: The Healthcare Reform Debate – December 7, 2009
Partial Repeal of the Insurance Antitrust Exemption Introduced as Amendment to Senate Healthcare Bill
By Troutman Pepper Locke on
Senator Patrick Leahy (D-VT) filed an amendment to the Patient Protection and Affordable Care Act (H.R. 3590) (the “PPACA”) on December 1, 2009, that would repeal the exemption from federal antitrust laws for the health insurance and medical malpractice insurance industries.
House Committee Passes Legislation Creating Federal Insurance Office, But without Regulatory Power
By Troutman Pepper Locke on
The House Financial Services Committee passed a revised version of the Federal Insurance Office Act, H.R. 2609, earlier this week. The bill will now head to the floor of the House of Representatives for a full House vote. To win bipartisan support and pass unanimously, H.R. 2609 went through a transformation from the previously debated discussion draft, which we covered here. …
Read More House Committee Passes Legislation Creating Federal Insurance Office, But without Regulatory Power
House Committee Completes Action on Financial Regulatory Reform Legislation, Stage Set for Floor Vote Next Week
By Troutman Pepper Locke on
Posted in Federal Legislative Developments
The House Financial Services Committee completed its work on a large scale financial regulatory overhaul on Wednesday, when the committee voted to approve the final piece of the Administration’s reform proposal – systemic risk legislation. The bill – H.R. 3996 – was approved along party lines by a vote of 31-27, setting the stage for consideration on the House floor next week.
EAPD Complimentary Webinar: Privacy and Data Breaches (December 1, 2009)
The Insurance and Reinsurance Department of Edwards Angell Palmer & Dodge invite you to join them for the following complimentary webinar: “The Continuing Nightmare of Data Breach and Privacy Risks and Regulations: Increasing Risks, New Regulations, and Changing Deadlines.”
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Read More EAPD Complimentary Webinar: Privacy and Data Breaches (December 1, 2009)
Last Week in DC: The Healthcare Reform Debate – November 23, 2009
By Troutman Pepper Locke on
Healthcare reform efforts headed into another weekend showdown, as the Senate kicked-off consideration of its legislation with a key procedural vote on Saturday evening. The timing of that vote was solidified once Democratic leaders released their merged healthcare reform bill last Wednesday – ending weeks of negotiations and speculation over what shape the bill would take.
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Read More Last Week in DC: The Healthcare Reform Debate – November 23, 2009
Completion of Financial Regulatory Overhaul Delayed in House, Federal Reserve Auditing Provision Added
By Troutman Pepper Locke on
Posted in Federal Legislative Developments, United States
After weeks of debate on the various legislative pieces of a large-scale financial regulatory overhaul, the House Financial Services Committee was expected to complete its work this week. However, a committee vote to approve the final piece of the overhaul – the systemic risk bill (H.R. 3996) – was postponed Thursday when Members of the Congressional Black Caucus (CBC) withheld their support for the measure.
Last Week in DC: The Healthcare Reform Debate – November 16, 2009
By Troutman Pepper Locke on
Following the House’s November 7 vote on healthcare reform, the Senate now faces increasing pressure to vote on a bill this year, as evidenced by the words of both the current President and a former President last week. In the House, Members spent the week in their congressional districts, in recess for Veterans Day.
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Read More Last Week in DC: The Healthcare Reform Debate – November 16, 2009
Senate Banking Committee Releases First Draft of American Financial Stability Act of 2009; Includes Nonadmitted and Reinsurance Reform Act and National Insurance Office
On Tuesday, November 10, 2009, the Senate Banking Committee, chaired by Senator Christopher Dodd (D-CT), released a first draft for discussion of the American Financial Stability Act of 2009 (the “Act”).