Supreme Court upholds the Affordable Care Act, SEC will miss JOBS Act deadline, EPA tailoring rule upheld, and more.
- In a 5-4 split, a narrowly divided Supreme Court upheld the Patient Protection and Affordable Care Act.
- The Supreme Court affirmed Citizens United and rejected corporate campaign spending limits.
- The Supreme Court overturned a majority of Arizona’s controversial S.B. 1070 addressing illegal immigrants, but still upheld a key provision of the state law.
- A federal appeals court this week upheld the Environmental Protection Agency’s (EPA) tailoring rule governing greenhouse gases.
- The Occupational Safety and Health Administration (OSHA) and the National Institute for Occupational Safety and Health (NIOSH) issued a hazard alert aimed at ensuring that employers in hydraulic fracturing operations take appropriate steps to protect workers from silica exposure.
- Securities and Exchange Commission (SEC) Chair Mary Schapiro testified that a 337-page draft for reform of the $2.7 trillion money-market fund industry is circulating and that the SEC is unable to make deadlines imposed by the JOBS Act.
- The Federal Communications Commission (FCC) settled an $800,000 fine against Comcast, for not adequately marketing its standalone broadband Internet service, a condition of its merger with NBC Universal.
- The House Committee on Appropriations passed a spending bill slashing the EPA’s budget.
- The Food and Drug Administration (FDA) approved the first weight loss drug on the market since 1999.
- Members of Germany’s parliament and representatives of the finance ministry agreed on the key points for regulating high-frequency trading on German stock exchanges.
