The Regulatory Week in Review: February 17, 2012
- President Obama introduced a $3.8 trillion budget for Fiscal Year 2013, in which he expressed support for the so-called “Buffett rule,” placing a 30% tax floor on incomes greater than $1 million.
- The Federal Communications Commission (FCC) updated rules on telemarketers’ robocalls, requiring companies to obtain written consent before placing an automated call to a consumer and to provide consumers with ways to opt out of a robocall upon receiving one.
- The Food and Drug Administration (FDA) studied 400 different lipsticks and announced that it found only trace amounts of lead which it deemed not large enough to raise a safety concern.
- The Speaker of the House postponed voting on a $260 billion transportation and energy bill, citing numerous amendments and disagreements over funding sources.
- Washington State enacted a law legalizing same-sex marriage, while a bill to permit gay marriage in Maryland faced a key legislative vote. The New Jersey legislature passed a bill that would legalize same-sex marriage, but Governor Chris Christie has stated that he will veto it.
- A report on foreclosures in California found that the vast majority of residential foreclosures between 2009 and 2011 involved legal violations or questionable documentation.
- The Department of Transportation (DOT) issued voluntary guidelines encouraging auto manufacturers to lock in-vehicle electronic devices like text messaging systems so they cannot be used by drivers while they are driving.