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NH, AZ Authorize Crypto Reserves Two months after President Trump signed an executive order establishing a federal strategic bitcoin reserve and digital asset stockpile, New Hampshire and Arizona have...
FL Condo Bill Raises Insurance Concerns Florida lawmakers passed a bill ( HB 913 ) intended to provide condominium owners some relief from the high cost of bringing properties up to code, as a result...
State Lawmakers Shift from PBMs to PSAOs in Fight Against High Drug Costs For a while now state legislators have targeted pharmacy benefit managers, or PBMs, for contributing to the high cost of prescription...
TX Taking Tougher Stance on Social Media for Kids The Texas House passed a bill ( HB 186 ) that would ban social media accounts for anyone under the age of 18. The measure would also allow parents to...
IA Enacts Law Addressing Shortage of Birth Centers Iowa Gov. Kim Reynolds (R) signed a bill ( HF 887 ) exempting freestanding birth centers from having to obtain a certificate of need from the state’s...
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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