By Kevin Drawbaugh WASHINGTON (Reuters) - The U.S. Senate is due to vote finally on Saturday to approve a major housing market rescue bill, including federal financial assistance for Fannie Mae FNM and Freddie Mac FRE , the mortgage titans whose ...
The United States Senate passed a law on March 10, 2005 that changes the bankruptcy laws in America. It is expected that the House of Representatives will look to pass the same bill in April, which will send it to President Bush for his signature. Since it is well known...
By Thomas Ferraro WASHINGTON (Reuters) - The Senate confirmed banker Elizabeth Duke for a seat on the Federal Reserve on Friday, but declined to act on two other long-stalled nominees to the central bank. Without dissent, the Democratic-led Senate approved Duke as ...
By Thomas Ferraro WASHINGTON (Reuters) - Senate Democratic leaders and the White House are trying to reach a deal on two of President George W. Bush's three stalled nominees to the Federal Reserve Board, congressional aides said on Thursday. An initial Democratic proposal...
An hour or so ago the Vermont House and Senate both gave final approval to a bill designed to make Vermont the nation's first e-state. As defined in Vermont, e-stateness means cellular and adequate broadband coverage – fixed and mobile – everywhere in the state...
The purpose of this paper is to lay out some of the key questions and design elements of a national greenhouse gas program in order to facilitate discussion and the development of consensus around a specific bill. The authors recognize that there are many ways to structure such a regulatory...
Reorganizing the bureaucracy has been in the agenda of every administration since the 1940s. While it has been called by various names - streamlining, reorganization or reengineering, the overarching reason for the reform is to reduce the wage bill, which has crowded out resources for vital social services. However, data...
S.Res. 445 renames the Senate Governmental Affairs Committee to the Senate Committee on Homeland Security and Governmental Affairs and transfers to the new panel jurisdiction over matters relating to the Department of Homeland Security, with certain limitations. The resolution establishes a new Intelligence Subcommittee of the Senate Committee on Appropriations...
A sea change is occurring in the way multinational corporations MNCs deal with environmental management issues. Many have progressed from a strategy of avoidance or minimal compliance with regulations to one of pro-active voluntary environmental management that exceeds legal requirements. A complex set of forces brought many executives who saw...
This paper presents a discussion of how the concept of moral imagination can enrich the process of moral deliberation in case discussions when teaching business ethics. The paper links the discussion to experiences of having written a case where the goal was to generate a wider and more comprehensive learning...
Every month of delay adds another percentage of increase against U.S. manufactured products that could reach as high as 17% in March 2005. If Congress runs out of legislative days to pass FSC/ETI, U.S. companies could be looking at 13-14% rates at the end of the year. The practical effect...
AAFA's membership includes more than 100 domestic manufacturers that provide the government with apparel, textile and footwear items on contracts not taken by the Federal Prison Industries. Due to the shrinking commercial market in the United States, these manufacturers are increasingly dependent on the availability and, more importantly, the openness...
Media attention has focused on the debate over the implications of U.S. companies "Outsourcing" manufacturing, and now service, functions to foreign companies. Referred to by a variety of terms - "Outsourcing," "Offshoring," and "Worldwide sourcing" - economists widely agree that outsourcing is an important component of a free-market economy, holding...
Sarbanes-Oxley Act effects dramatic change across the corporate landscape to re-establish investor confidence in the integrity of corporate disclosures and financial reporting. The backing of the Act and the efforts to implement its sweeping reforms, along with the strong support of the counterparts in the House and the authorizing committees,...
The market was anticipating a massive tax cut coming out of the Bush administration of around $750 billion. Now the Senate wants to cut the package down to $350 billion, almost half of the originally expected amount.The Senate believes that due to widening budget deficits and future war funding, the...
This paper explains the current problems facing the airline industry and outlines policies Congress could consider to address the industry's problems without subverting the market process or rewarding some carriers at the expense of others. The airline industry faces profitability issues unrelated to government, and Congress must not undermine the...
From the executive summary: ‘The Investor Protection Act is a strong, balanced effort to address the crisis of confidence in U.S. capital markets that has resulted from a series of failures in financial accounting and corporate governance, as well as stock analyst conflicts of interest. The Act only applies to...
The Terrorism Risk Insurance Act finally became law Nov. 26 after more than a year of pitched congressional wrangling. Many insurers are finding themselves with remarkably little time in which to comply with the new law namely, to resume offering coverage for acts of terrorism now that their exclusions have...
The committee of conference, on the disagreeing votes of the two Houses, on the amendment of the Senate to the bill (H.R. 3763), to protect investors by improving the accuracy and reliability of corporate disclosures, made pursuant to the securities laws, and for other purposes, have agreed to recommend and...
This article gives details of the conference report that explains the amendment of the Senate. The committee of conference on the disagreeing votes of the two Houses on the amendment of the Senate to the bill (H.R. 3763), to protect investors by improving the accuracy and reliability of corporate disclosures...
