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Developing Anti-‘Debanking’ Trend in Red States? A new front appears to have opened in the ongoing battle over environmental, social and governance (ESG) investing. In March Idaho Gov. Brad...
FL Requests Medicaid Waiver to Bolster Health Workforce Florida is seeking a federal waiver to use Medicaid funding to expand its health care workforce, a plan that could be adopted by other states....
A couple of years ago, the idea of switching to a four-day workweek seemed to be catching on in state legislatures . As many as six states, including Maryland , Massachusetts and Pennsylvania , considered...
PA Enacts Crypto Transmitter Licensing Requirements Pennsylvania Gov. Josh Shapiro (D) signed legislation requiring cryptocurrency and other virtual monetary transmitters to be licensed by the state...
MO Lawmakers Repeal Voter-Approved Paid Sick Leave Law Eight months after Missouri voters approved Proposition A, mandating paid sick leave and a $13.75 minimum wage, Gov. Mike Kehoe (R) signed legislation...
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The U.S. Securities and Exchange Commission voted to increase oversight of special-purpose acquisition companies, which have taken hundreds of companies public in recent years. The SEC’s new rules will require more disclosure about conflicts of interest, equity dilution, fees, and insider compensation in SPAC deals, as well as prevent SPACs from benefiting from a legal safe harbor limiting their liability for forward-looking projections. SEC Chair Gary Gensler said the rules are aimed at bringing SPAC oversight in line with that of traditional IPOs, which are the more common method of taking a company public. (LAW360)
Iowa Gov. Kim Reynolds (R) released a bill (D 5408) to state legislative leaders last week that would prohibit state fiduciaries from putting environmental, social and governance concerns ahead of financial returns when investing public pension funds. The House passed a bill (SB 507 [2023]) last year that would have imposed a state boycott on companies that engaged in ESG investing, but that measure failed to reach the Senate floor. (CENTER SQUARE, LEXISNEXIS STATE NET)
Florida’s sky-high insurance rates are hindering prospective home buyers’ ability to obtain a mortgage and may be negatively impacting real estate sales in the state. Florida homeowners pay $6,000 a year in insurance premiums on average, the highest rate in the country and nearly four times the national average of $1,700. Meanwhile, the number of home sales in Miami-Dade County has declined 39% since 2021, while the median home price in the county has risen 15% in the last year. (NEWSWEEK, INSURANCE JOURNAL)
Florida’s Senate Judiciary Committee approved a bill (SB 1276) that would require full disclosure of third-party funding of lawsuits and bar those lenders from influencing the litigation. Such financing has become a major issue for corporations and insurers nationwide, and similar measures have been passed in other states. (INSURANCE JOURNAL)
—Compiled by SNCJ Managing Editor KOREY CLARK
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