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FTC, 17 States File Antitrust Lawsuit Against Amazon The long-expected antitrust action against Amazon finally came last week with the filing of a complaint in the U.S. District Court for the Western...
NC Budget Would Preempt Local Government Minimum Wage Rates The state budget ( HB 259 ) approved largely along party lines this month in North Carolina’s Republican-controlled legislature includes...
Medicaid Expansion Coming to NC in December North Carolina Gov. Roy Cooper (D) announced last week that the state will launch Medicaid expansion on Dec. 1, which will leave just 10 states that haven’t...
In the early days of the COVID-19 pandemic, Congress enacted the Families First Coronavirus Response Act , which among other things required state Medicaid programs to keep people continuously enrolled...
Biden Administration Seeks to Exclude Medical Debt from Credit Scores The Biden administration announced plans to develop new rules that would prevent unpaid medical bills from counting towards consumers’...
Catastrophe modeler Karen Clark & Company estimated insured property losses from the Lahaina wildfire at about $3.2 billion. With the death toll from the Maui fires having exceeded 100, they are the nation’s deadliest in over 100 years. (INSURANCE JOURNAL)
With Missouri state lawmakers having failed to pass legislation (HB 863) this year aimed at curtailing environmental, social and governance investing, Secretary of State Jay Ashcroft (R) has issued a new rule requiring financial advisors and institutions to disclose to customers investments that prioritize ESG scores or other criteria that may not maximize profit. Ashcroft said his first-in-the-nation rule may help guide other states looking to regulate ESG investing. (PLURIBUS NEWS)
The National Association of Insurance Commissioners, which sets standards for the industry, has proposed a rule that would allow it to override credit ratings assigned to some investment deals, effectively limiting how much money insurers could devote to such deals. The NAIC says the rule is needed to address the increasing number of deals being made in lightly-regulated private markets. (BLOOMBERG)
Maine and Colorado entered into a partnership agreement aimed at lowering fees associated with the automatic retirement savings programs each state offers the 40% of its workers who don’t receive retirement benefits from their employers. The first-of-its-kind-in-the-nation partnership consolidates those programs under a single administrator. (PLURIBUS NEWS)
—Compiled by SNCJ Managing Editor KOREY CLARK
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