Regulatory Review: Weekly Recap
In recent news, the U.S. Court of Appeals for the D.C. Circuit made a decision regarding the Financial Industry Regulatory Authority (FINRA) and Alpine Securities Corporation. The court ruled that FINRA cannot expel Alpine Securities before the SEC reviews the expulsion order, as it would cause irreparable harm to Alpine Securities.
In another legal development, the U.S. District Court for the Southern District of Mississippi issued a preliminary injunction against a Department of Labor rule that strengthens labor organizing protections for agricultural workers on temporary visas. The court sided with the plaintiffs, who argued that the Labor Department overstepped its authority.
On the regulatory front, President-Elect Donald J. Trump is considering granting the Commodity Futures Trading Commission (CFTC) oversight power over the digital asset market, commonly known as the crypto market. This move aims to reduce SEC regulatory authority and align with the incoming Administration’s goals.
The U.S. Environmental Protection Agency (EPA) proposed a rule approving West Virginia’s application to revise its Underground Injection Control (UIC) program. This revision will streamline the development of carbon sequestration facilities that inject carbon deep underground to reduce carbon dioxide in the atmosphere.
In the healthcare sector, the U.S. Department of Health and Human Services (HHS) issued a final rule allowing kidney and liver transplants between individuals with HIV without the need for clinical research. This change is expected to expand organ access and reduce wait times for transplants.
In academic articles, experts discussed the critical role of compliance gatekeepers in large corporations and the need for proactive policies to address climate change impacts on biodiversity.
Overall, these developments highlight the ongoing legal and regulatory changes shaping various industries and sectors. Stay informed and engaged with the latest news to understand the impact on the economy and society.
