Natural Gas and Hydraulic Fracturing Update
May 6, 2013
The EPA has extended the deadline for submissions on its study on hydraulic fracturing and drinking
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Natural Gas and Hydraulic Fracturing Update

May 06, 2013
The EPA has extended the deadline for submissions on its study on hydraulic fracturing and drinking water resources. House and Senate committees will focus on natural gas issues in May. By Frank Vlossak..

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The Regulatory Landscape

April 04, 2013
The Regulatory Landscape - Recent Regulatory Actions and Proposals Affecting the Exchanges and Capital Markets and the Issues Raised. This document was prepared by David E. Franasiak.

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Energy and Environment Update: President Obama Nominates Energy Secretary and EPA Administrator

March 07, 2013
On March 4, President Obama nominated Ernest Moniz to be Secretary of Energy and Gina McCarthy to be Administrator of the Environmental Protection Agency (EPA).

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Obama Administration Cybersecurity Executive Order and Presidential Policy

February 25, 2013
On February 12, the Obama Administration released its long anticipated cybersecurity Executive Order (EO) along with a Presidential Policy Directive (PPD.) This memorandum will sketch the scope, timing, and unknowns of the EO and PPD as they relate to the financial services industry writ large.  David E. Franasiak, Joel G. Oswald and Michael D. Kans assisted in the preparation of this memorandum.

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Redraft Proposed Rules on Drilling on Federal Lands

February 06, 2013
The Department of Interior has announced that it will redraft proposed regulations addressing hydraulic fracturing on public lands, while the Environmental Protection Agency (EPA) submitted a court filing that indicates it could adjust its 2012 Clean Air Act regulations targeting the oil and gas sector.

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Immigration Reform Key Issues for the Business Community

January 04, 2013
In 2006, 23 Republican Senators joined one Independent and 38 Democrats in voting to approve sweeping immigration reform legislation that would have included a pathway to citizenship for the 11-12 million illegal immigrants living in the United States. Republican President George W. Bush issued a statement praising the Senate for its action. Ultimately, however, the legislative effort faltered when the House took no further action on the issueOn Friday, December 21, the Environmental Protection Agency (EPA) released a "Progress Report" on its study of the impact of hydraulic fracturing on drinking water resources. Congress, through the conference report for the "Department of the Interior, Environment and Related Agencies Appropriations Act, 2010" (H.Rept. 111-316, P.L. 111-88) requested that the EPA conduct a study on hydraulic fracturing.

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Environmental Protection Agency released Progress Report

December 26, 2012
On Friday, December 21, the Environmental Protection Agency (EPA) released a "Progress Report" on its study of the impact of hydraulic fracturing on drinking water resources. Congress, through the conference report for the "Department of the Interior, Environment and Related Agencies Appropriations Act, 2010" (H.Rept. 111-316, P.L. 111-88) requested that the EPA conduct a study on hydraulic fracturing.

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Natural Gas and Hydraulic Fracturing Issues

December 03, 2012
Following the November elections, attention is returning to a series of pending federal regulatory initiatives targeting hydraulic fracturing and oil and natural gas drilling and production.

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A Brief Review of the Financial Transactions Tax

October 01, 2012
Proponents of the Financial Transactions Tax (FTT) argue that the average investor in individual stocks will not feel the impact of this kind of tax because such a small tax on a securities transaction is almost nothing for an individual investor. Proponents also argue that an FTT tax has the potential to raise billions in revenue, which they say could decrease market volatility by stabilizing market prices and eliminating the adverse effects felt by the market due to high frequency trading. This document was prepared by Tess K. Illos, Eric I. Robins, David E. Franasiak and Joel G. Oswald.

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Regulations and Potential Presidential Transition

September 27, 2012
Presidential transitions in which one party takes over from the other can trigger regulatory activity in both the outgoing and incoming administrations, designed to further each President's policy priorities. New Presidents have few simple options for rescinding regulations that were finalized by outgoing administrations. While the Congressional Review Act allows for review and repeal of regulations, the successful use of this process requires cooperation by the legislative and executive branches, and action must be taken within the statutory deadlines. This document was prepared by Jessica Hoppe and Frank Vlossak.

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