Happy Thanksgiving! As you gather with family and friends, we hope you enjoy this extended selection of readings from the financial regulatory world. As always, the views expressed in these articles do not necessarily represent the views of the initiative, its co-chairs, task force members or the Bipartisan Policy Center.
Last week, President Obama announced a series of executive actions on immigration. These new policies could affect millions of individuals, the largest group being unauthorized immigrants eligible for new “deferred action” programs that provide temporary protection from deportation. Separately, BPC has published an overview of the full slate of actions.
Last week, President Obama announced a series of administrative changes to the immigration system. The broad changes affect the unauthorized population, the legal immigration system, border security and interior enforcement. These actions will be carried out via series of memoranda from various cabinet secretaries that oversee different parts of the immigration system.
The Bipartisan Policy Center commends Senator Patty Murray (D-WA) and Representative Paul Ryan (R-WI) for their bipartisan introduction of legislation that would create a “Commission on Evidence-based Policymaking.” This move precedes and could inform what is likely to be a multi-year effort on comprehensive tax reform.
In 2014, the Bipartisan Policy Center (BPC) launched the Commission on Retirement Security and Personal Savings, led by former Senator Kent Conrad and WL Ross & Co. Vice Chairman Jim Lockhart. The commission will consider and make recommendations regarding Social Security, pensions, defined contribution (DC) savings vehicles, strategies to generate lifetime income and other factors that affect retirement security.
Although the single-family housing recovery has been slow, the multifamily sector continues to be red hot. Single-family construction has yet to pass the halfway mark back to normal but by mid-2014 multifamily building had surpassed the long term trend of 340,000 units a year established in the 1990s and the first half of the 2000s.
In the time since the Renewable Fuel Standard (RFS) was first passed into law in 2005 (and later expanded in 2007), domestic biofuels production has risen and renewable fuels have increased as a percentage of the total U.S. transportation fuels supply.
- Iran has enriched uranium in a next generation IR-5 centrifuge that, under the interim Joint Plan of Action, should likely have remained inactive.
- Iran has also failed to convert roughly 1,000 kilogram of 3.5 percent enriched uranium into uranium oxide, as also required by the Joint Plan of Action.
Thirteen years ago, the 9/11 attacks spurred the most significant reorganization of the U.S. intelligence community since 1947. This seismic shift saw the creation of: an entire Cabinet department, the Department of Homeland Security (DHS); a new coordinating agency for the U.S.