This Week In Washington…

Posted on May 7, 2015. Filed under: Uncategorized |

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TOP STORIES

  • The list of declared contenders in the GOP presidential sweepstake grew by three this week, with former Mike Huckabee, the former governor of Arkansas and previous presidential aspirant, Hewlett-Packard CEO Carly Fiorina, and retired neurosurgeon Ben Carson joining the race. Republican Sens. Ted Cruz, Rand Paul and Marco Rubio have already declared. Looking Ahead: Expected to join the Republican race in the coming days, former Florida Gov. Jeb Bush and Wisconsin Gov. Scott Walker.
  • Republicans on Capitol Hill are continuing their push for legislation that give President Obama fast-track authority to ink a trade agreement with Japan and 10 other Pacific Rim economies. Known as the Trans-Pacific Partnership, it would cover about 40 percent of the global economy, but some Democrats are skeptical. Looking Ahead: This odd coalition of Obama and congressional Republicans could bring things to a head by demanding a vote.
  • It’s not a red issue, or a blue issue, it’s a purple issue. Reforming the criminal justice system is on the agenda of everyone from Hillary Clinton, to Rand Paul, to Koch Industries and the Tea Party-aligned group FreedomWorks. Looking Ahead: With riots in Baltimore putting pressure on lawmakers and candidate, expect the issue to resonate into the fall.
  • A Treasury inspector general investigation found only 39 percent of Internal Revenue Service employees who violate tax laws are terminated, as required by law. In some cases, repeat offenders are still on the job. Looking Ahead: The IRS agreed to amend its policy going forward.

The Law: Proposed Rulemakings

  • The Securities and Exchange Commission is proposing amendments to the Dodd-Frank Wall Street Reform and Consumer Protection Act that would requite registrants to disclose in a clear manner the relationship between executive compensation actually paid and the stock price.
  • The Commodity Futures Trading Commission is proposing to amend the trade option exemption in its regulations for trade option counterparties that are not swap dealers or major swap participants.
  • The Federal Communications Commission rejected a petition from the National Association of Broadcasters and Public Knowledge to revise its proposal on a presumption that cable operators are subject to effective competition.

 

Resources: A quick and easy way to get info fast:

  1. For more on federal government rulemaking, visit the Federal Register
  2. Want to follow the 2016 presidential sweepstakes? All the polling data you’ll need is a click away.
  3. Get the latest from the declared presidential candidates: Democrat Hillary Clinton and Bernie Sanders and Republicans Ted CruzRand PaulMarco Rubio, Mike HuckabeeCarly Fiorina, and Ben Carson

Follow Caren Z. Turner @ https://twitter.com/CarenZTurner

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