Border Funding Next Wednesday, the Senate Appropriations Committee will markup a $4.5 billion supplemental funding bill per the President’s request for more funding to secure the border. National Defense Authorization Act Leader McConnell (R-KY) is also expected to bring the FY20 National Defense Authorization Act (NDAA) to the floor. FY20 Spending Bills The House will vote on its first FY20 minibus early next week before bringing up its second package of spending bills, including the…

Take Stock: Federal Policy Watch

Congress: Week in Review | June 13, 2019

By Michael Drobac, Greg Walden, Amanda Armistead, Casey Stokes & Lauren Stroupe on June 13, 2019

Net Neutrality The Senate spent the week considering another slew of judicial nominations, but on Tuesday, Senate Democrats tried to force a vote on House-passed net neutrality legislation. Senate Commerce Committee Chairman Wicker (R-MS) objected. The effort was largely symbolic on the one year anniversary of the FCC repealing Obama-era net neutrality regulations. The Democratic-controlled House passed the Save the Internet Act earlier this year with little expectation of the Republican-controlled Senate taking it up.…

Consumer FinSights

SEC 2019 Fintech Forum

By Emily P. Gordy & Molly M. White on June 13, 2019

Members of the SEC’s Strategic Hub for Innovation and Financial Technology (“FinHub”) and experts in Fintech came together on May 31st for the SEC’s public forum focusing on distributed ledger technology and digital assets. As a whole, the panelists grappled with the challenge of regulating an emerging technology that does not fit neatly within the current regulatory regime. The SEC’s stated goal is to regulate without inhibiting innovation. Throughout the Forum, the SEC staff encouraged…

The Healthcare Investor

Physician Alignment Strategies: Physician Autonomy, Equity and Compensation Models, and Leadership

By Geoff Cockrell on June 13, 2019

The final in our series of posts sharing key takeaways from panels at the Healthcare & Life Sciences Private Equity and Lending Conference discusses physician alignment strategies. I am joined by my colleague Sarah Ahmed in authoring the column. * * * Physician Alignment Strategies: Physician Autonomy, Equity and Compensation Models, and Leadership By Sarah Ahmed and Geoffrey Cockrell Consolidation of healthcare provider services practices continues at a remarkable pace. Increasingly, the structures of larger…

Password Protected

How Do State Governments Protect Your Personal Information?

By Stephanie A. Martinez on June 12, 2019

The world of data privacy often focuses on how companies are using consumers’ information and what measures those companies take to protect such information. Each of the fifty states have enacted laws that require entities to notify individuals of security breaches involving personally identifiable information (although those laws vary greatly). Additionally, twenty-five states have laws that address the data security practices of private sector entities. But what happens when a privacy breach originates not from…

Take Stock: Federal Policy Watch

Washington Healthcare Update: June 10, 2019

By Stephanie Kennan & Mariam Eatedali on June 11, 2019

Hearings House Energy & Commerce, Subcommittee on Health: “Investing in America’s Healthcare” The Health Subcommittee of the Committee on Energy and Commerce held a hearing on health care extenders, discussing the following legislation: H.R. 1767, the “Excellence in Mental Health and Addiction Treatment Expansion Act” H.R. 1943, the “Community Health Center and Primary Care Workforce Expansion Act of 2019” H.R. 2328, the “Community Health Investment, Modernization, and Excellence Act of 2019” H.R. 2668…

The Healthcare Investor

Issues and Trends in Life Sciences Investments

By Amber Walsh on June 11, 2019

The next in our series of posts sharing key takeaways from panels at the Healthcare & Life Sciences Private Equity and Lending Conference discusses investing in the life sciences. It is authored by our colleagues Tim Loveland and Leah Eubanks. * * * Issues and Trends in Life Sciences Investments By Tim Loveland and Leah Eubanks As the life sciences investment market gets more crowded, recent changes in the industry have shifted investors’ focus to…

Class Action Countermeasures

9th Circuit Saves Nationwide Settlement Classes

By Bethany Gayle Lukitsch, Bryan A. Fratkin & Anthony Le on June 7, 2019

Sometimes settlement with a putative class of nationwide consumers is the best option for resolution. However, since the initial ruling of the Ninth Circuit in In re Hyundai & Kia Fuel Econ. Litig., the mechanism to go about doing so has been in flux. On June 6, 2019, the full en banc Ninth Circuit finally answered class action practitioners’ questions and affirmed the district court’s June 2015 final settlement approval order and certification of a…

Subject to Inquiry

SEC Adopts Regulation Best Interest

By Emily P. Gordy & Kiran V. Somashekara on June 7, 2019

On June 5, 2019, the Securities and Exchange Commission adopted, by a 3-1 vote, Regulation Best Interest (“Reg BI”) which, in the words of Chairman Clayton, would “substantially enhance the broker-dealer standard of conduct beyond existing suitability obligations.” The Chairman also noted: “the standard of conduct draws from key fiduciary principles and cannot be satisfied through disclosure alone.” The Commission also passed the new Form CRS Relationship Summary and two interpretations under the Investment Advisers…

Take Stock: Federal Policy Watch

Next Week in Congress

By Michael Drobac, Greg Walden, Amanda Armistead, Casey Stokes & Lauren Stroupe on June 7, 2019

FY20 Appropriations Bills The House will start bringing FY20 appropriations bills to the floor next Wednesday with the Senate Appropriations expected to start marking up its bills shortly thereafter. Pending Nominations The Senate will continue considering pending executive branch and judicial nominations, including Edward Crawford’s nomination to be Ambassador to Ireland. FY20 National Defense Authorization Act Senate Majority Leader McConnell (R-KY) and Armed Services Committee Chairman Inhofe (R-OK) are aiming to bring the FY20 National…

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Congress: Week in Review | June 13, 2019

SEC 2019 Fintech Forum

Physician Alignment Strategies: Physician Autonomy, Equity and Compensation Models, and Leadership

How Do State Governments Protect Your Personal Information?

Washington Healthcare Update: June 10, 2019

Issues and Trends in Life Sciences Investments

9th Circuit Saves Nationwide Settlement Classes

SEC Adopts Regulation Best Interest

Next Week in Congress

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