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Acquisition of Some Non-TAA-Compliant Drugs to be Permitted by Veterans Affairs

The Department of Veterans Affairs recently announced that it will now require all covered drugs under the Veterans Health Care Act to be offered on Federal Supply Schedule contracts, regardless of whether they meet the “country of origin” standards of the Trade Agreements Act. This decision represents a major reversal in policy for the VA.  … Continue Reading

OCC’s White Paper Addresses Responsiveness to FinTech Innovation

On March 31, 2016, the Office of the Comptroller of the Currency (“OCC”) issued its much-anticipated white paper on the growing intersection between financial services and technology, or “FinTech.”  In this white paper, the OCC outlines steps that it is considering to make the agency more receptive to what it deems “responsible innovation.”  From internal … Continue Reading

OCC Increases Focus on Internal Risk Management and Personal Liability of Bankers

The Office of the Comptroller of the Currency (“OCC”), the primary federal regulator for most large banks, recently issued a new policy on agency enforcement actions seeking civil money penalties (“CMPs”) against institutions and individuals.  There are several key developments that will directly affect institutions and the directors, officers, employees, major shareholders, and vendors associated … Continue Reading

Helping You Navigate CFPB Guidance

Reed Smith has put together two reference documents to help you more easily search for a particular piece of guidance from the CFPB. The first is a collection of all nine issues of the CFPB’s Supervisory Highlights, from 2012 to 2015. The second includes all of the CFPB’s Bulletins, as of 1 December 2015. CFPB … Continue Reading

What does the Consumer Rights Act 2015 mean for Businesses in the UK?

On October 1, the Consumer Rights Act 2015 went into effect in the UK.  The Act, which is divided into three parts, encompasses the entire United Kingdom, and extends consumer rights and significantly restructures overall business-to-consumer relationships.  We have summarized the legislation and identified ways in which UK businesses that deal with consumers will likely … Continue Reading

Regulatory Round Up 4.20.12

Significant gains in the development of renewal resources occurred in the past 5 years. Here’s a warning not to blow the advances in wind (get it?, of course you do), solar and other alternative energies. A new danger for government contractors operating in war zones: increased suspensions and debarments. So much for non-lawyer owned law … Continue Reading

New Federal Research Conflict of Interests Regulations

This post was written by Lane Kneedler and Pakapon Phinyowattanachip. On September 26, 2011, the U.S. Department of Health and Human Services (“HHS”) issued new regulations governing the disclosure by faculty members and research staff of significant financial interests related to certain federal grants, and the reporting of “financial conflicts of interest” to certain federal … Continue Reading

Regulatory Round Up 11.21.11

***Warning*** Falling Puns: Here’s a bright idea. (For those of you who followed the link, I know what you’re thinking: “Come on Mike, you’re better than this.” Turns out I’m not.) While it’s still a little early for Jolly ‘ole St. Nick to be making his list, the SEC is publishing its naughty list, and … Continue Reading

CPSC Stymies Congress

This post was written by Stephen P. Murphy. Manufacturers and importers of children’s products in the United States were emboldened to think that the third party testing burden imposed by the Consumer Product Safety Improvement Act of 2008 (“CPSIA”) would be reduced by HR 2715, signed into law by the President on August 12, 2011. … Continue Reading
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