Tag Archives: Legislation

Photographer: Jason Alden/Bloomberg

U.K. Seeks Tougher Laws on Corporate Financial Crime 

U.K. Seeks Tougher Laws on Corporate Financial Crime 

By Suzi Ring, Bloomberg News A proposal to toughen U.K. laws to make it easier to hold companies accountable for financial crime is still under consideration by the government after years of back and forth, according to a speech from the solicitor general. “The weaknesses in our current law result in other jurisdictions holding British

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Top Democrats Unveil Ambitious Antitrust Agenda

By Liz Crampton, Bloomberg BNA Congressional Democrats July 24 unveiled an ambitious antitrust agenda that takes aim at big corporations and signals what tack the party would take should Democrats capture either the House or the Senate in the midterm elections. Companies proposing blockbuster mergers would need to establish the benefits of the deal in

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House Poised to Pass Bills Overhauling Civil Litigation

By Bruce Kaufman, Bloomberg BNA  The House is poised to pass three bills this week championed by industry that may tilt the civil litigation process in favor of business in thousands of cases each year. Business groups are encouraged about the measures’ chances of eventual enactment. That’s because the House is not only taking up

U.S. President Donald Trump signs executive orders related to a lobbying ban in the Oval Office of the White House in Washington, D.C., U.S., on Saturday, Jan. 28, 2017. Photographer: Pete Marovich/Pool via Bloomberg

Trump Seen as Supportive of Business-Backed Litigation Bills

By Bruce Kaufman, Bloomberg BNA  A package of far-reaching bills to overhaul the civil litigation process, long cherished by business and derided by consumer groups, is likely to win approval from President Trump if it reaches his desk. With a Republican in the White House, supporters of a batch of business-friendly bills now moving through

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CPA Group Sends Congress a Wish List for Tax Code Changes

By Laura Davison, Bloomberg BNA The American Institute of CPAs sent a wish list of tax code simplifications and technical changes for lawmakers to consider as Congress debates a possible tax overhaul next year. The suggestions, addressed to the chairmen and ranking members of the two tax-writing committees, include single, consistent definitions of “small business”

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Spy Law Could Be Government Tool to Prosecute Press

A century-old spy law could be used to prosecute reporters who possess leaked information, sources told Bloomberg BNA. No reporter has ever been prosecuted under the Espionage Act, but “there’s a danger that a sufficiently overzealous Justice Department could try to use the Espionage Act” in the future, Stephen I. Vladeck told Bloomberg BNA. The 1917 Espionage Act, 18 U.S.C.

Donald Trump. Photographer: Daniel Acker/Bloomberg

Citing Trump, N.Y. Legislator Seeks Tax Disclosure Law

The Tax Returns Uniformly Made Public (TRUMP) Act would require presidential and vice presidential candidates to disclose their income tax returns going back five years as a condition of appearing on the ballot in New York, if a state senator’s proposal gains traction. State Sen. Brad Hoylman (D), who represents a New York City district