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• Gov't-backed catastrophic disaster insurance could reduce costs - Bill Egnor Saturday, March 13, 2010
  On Wednesday the House Financial Services Committee held a hearing on H. R. 2555. This bill, which was passed in significantly the same form during the late Bush Administration, is designed to provide a market based solution to the problem of for catastrophic natural disaster insurance. In many areas of the nation there is a high long-term risk of a natural […]
• Shareholder oversight of corporate spending on elections considered in hearing - Bill Egnor Friday, March 12, 2010
  The Citizens United decision by the United States Supreme Court could reasonably be described as putting the cat among the pigeons. By removing the limits of corporations and unions to spend on named candidate advocacy they have opened many questions that will have to be settle by the legislation in Congress. Witnesses at the House Financial Services Committ […]
• Senate Approves Extension Of UI, COBRA Benefits Through 2010 - Eric Naing Wednesday, March 10, 2010
  The Senate has just passed a $140 billion bill includes an extension for unemployment benefits through the end of the year, tax credits and billions in emergency aid to states. One week after approving a 30-day extension of unemployment benefits (H.R.4691), the Senate today passed the American Workers, State, and Business Relief Act (H.R.4321), which provide […]
• Airport Funding Bill Grounded By Union Issue - Eric Naing Wednesday, March 10, 2010
  A measure that would provide billions to fund the Federal Aviation Administration and modernize airport infrastructure is being held up over a provision that would allow FedEx workers to unionize as easily as UPS workers.The House last summer passed the FAA Reauthorization Act (H.R.915) that, among several things, would reauthorize funding for the FAA, provi […]
• Democrats Announce Corporate Earmarking Ban - Donny Shaw Wednesday, March 10, 2010
  The long-standing congressional tradition of directing federal money to corporations in your state or district, often in exchange for campaign contributions, may be coming to an end. Well, at least in appropriations bills. Reuters reports: Lawmakers in the U.S. House of Representatives will no longer be able to direct funds toward for-profit companies throug […]