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Blog

If You Build the Blockchain, Regulators Will Come

The hardest part of drafting any new regulation is establishing a definition. In fact, most of the policy work is in the definition and there are alarmingly few policy considerations after something is defined as a covered entity. The definition of cryptocurrency has already proved problematic for regulators. Essentially, to commodities regulators, virtual currency is a commodity. For bank regulators, it is a bank. For securities regulators, it is a security. For those who regulate money transmitters, it is a money transmitter. For the purpose of property taxes, it is a property. Everyone wants a stake in the new world of virtual currency.

07/12/2016
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Blog

Fury Over School Regulations: It’s the Department of Education, Stupid!

Last month's proposed rules on school accountability are yet another reminder that it’s time for federal bureaucrats at the Department of Education to get their hands out of our education system. In its latest power grab, the department seeks to enact top-down measures that would remove authority from the hands of teachers, school districts, and state government. The regulation would impose Education Department-mandated accountability measures promulgating federal government oversight over student and school achievement.

07/06/2016
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Blog

Fury Over School Regulations: It’s the Department of Education, Stupid!

Yesterday's proposed rules on school accountability are yet another reminder that it’s time for federal bureaucrats at the Department of Education to get their hands out of our education system. In its latest power-grab, the department seeks to enact top-down measures that would remove authority from the hands of teachers, school districts, and state government. The regulation would impose Education Department-mandated accountability measures promulgating federal government oversight over student and school achievement.

05/27/2016
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Blog

Regulations Work Overtime to Hurt Employees, Small Businesses

Last week, the U.S. Department of Labor (DOL) announced revisions to the proposed rules interpreting the Fair Labor Standard Act’s regulations on the overtime compensation pay of white-collar, salaried workers. Currently, salaried employees making more than $23,660 annually are exempt from the DOL requirement that employers pay time-and-a-half for each hour over 40 hours weekly. The final rule, with several key changes to the proposed rule, will extend overtime pay protections to over 40 million American workers.

05/24/2016
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Bill's Not Just a Bill. And He's Not Just Sitting Here on Capitol Hill.

As the "drop dead date" for Obama administration regulations draws near, we are expecting a flood of "midnight regulations." Regulatory agencies, in an eleventh-hour attempt to pass new rules before the start of the next administration, will make a huge push in ushering in new proposals. In preparation for this regulatory outburst, we have provided a brief guide explaining how proposed rules become regulations.

05/16/2016
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London Whale-Sized Regulations on Wall Street Pay

Financial regulators released a 279-page proposal that would set parameters around how and when Wall Street Executives make their money. The proposal, mandated by the Dodd-Frank Act, is a five-year project spanning across six regulatory agencies.

05/11/2016
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GOP: Don't Just Pay Lip Service To Regulatory Reform

Appreciate the thought.

03/04/2014
Obama Administration - Regulating Businesses Into Submission
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Obama Administration - Regulating Businesses Into Submission

Regulations and red tape - a recovery's worst nightmare.During a meeting in December of 2008 between Barack Obama and a team of his top economic advisers, the President-elect told his group that "government should help facilitate private ventures by removing bureaucratic red tape."Now however, the ability of businesses and their owners to pull out of the economic doldrums it seems, is being hamstrung in part by the regulatory and red tape machine that is the Obama administration.  

09/17/2012