In a letter dated Monday, October 6, Internal Revenue Service (IRS) Commissioner John Koskinen stressed the importance of passing a tax extenders bill by the end of November to ensure that the IRS is able to meet deadlines to prepare for the 2015 tax filing season.
On Wednesday, October 1, the Office of Immigration Statistics released its annual report on immigration enforcement actions, which is part of the larger Yearbook of Immigration Statistics. The report presents summary statistics on the number of foreigners apprehended, detained, and removed from the country in the previous fiscal year.
The Food and Drug Administration, Federal Communications Commission and Office of the National Coordinator for Health IT released in April 2014 the FDASIA Health IT Report: Proposed Strategies and Recommendations for a Risk-Based Framework, in response to the Food and Drug Administration Safety and Innovation Act (FDASIA) of 2012. The report called on the administration to provide recommendations to Congress on an appropriate risk-based framework.
With the release of the administration’s recommendations in April, it is now time for lawmakers to pass legislation that achieves the complementary goals of protecting patients, ensuring safe and effective care and fostering continued innovation in a rapidly growing health IT field.
BPC's Economic Policy Project has released a new staff paper that highlights the risks that Americans face as they head into retirement. This paper is the first of several highlighting issues that the Commission on Retirement Security and Personal Savings will address.
The Financial Stability Oversight Council is set to meet this coming Monday, October 6. The Council’s agenda includes a continuation of its work in three important areas: designating non-bank firms as systemically important financial institutions (SIFIs), asset management, and improving financial data quality and removing data gaps. With news Friday of MetLife’s request for a hearing to contest its proposed designation as a SIFI, the meeting takes on heightened interest.
After months of reluctance to join the international coalition confronting the threat posed by the self-identified Islamic State (IS, but also commonly referred to as ISIS or ISIL), Turkey authorized sending its troops abroad to battle terrorists, and allowing foreign troops to operate out of Turkish bases. This seeming about-face comes after the United States and other countries exerted significant diplomatic pressure on Turkey to help shoulder the burden of defeating IS.
Since the beginning of the civilian nuclear power program in the 1950s, the federal government has undertaken to dispose of all of the used nuclear fuel rods, the most radioactive waste from the nation’s commercial nuclear power plants. One can debate the wisdom of this unique commitment, which was formalized in a 1982 law and in subsequent contracts between the government and nuclear power plant owner. However, there can be no debate about its binding nature, at least as to reactors now in existence or under construction.
Most of the public discourse on retirement planning revolves around how much people should save during their working years and what is the best means by which to do so. Just as important to retirement security, however, is what individuals do after they reach retirement and how they make their savings last for the possibility of living two, three, or more decades beyond their working careers. This is one of the biggest challenges facing the U.S. retirement system today.
At last week’s meeting of BPC's Governors’ Council, of which I am a member, we heard about some of the amazing innovations taking place around the country to better prepare students for the workforce and to better align our workforce programs with the current marketplace.
“Responding to Systemic Risk: Restoring the Balance”
By John C. Dugan, Peter R. Fisher, and Cantwell F. Muckenfuss III, co-chairs of BPC’s Systemic Risk Task Force
“Certain provisions of Dodd-Frank, however, are cause for concern, because they unnecessarily restrict the ability of the Federal Reserve and the FDIC to provide short-term liquidity to the financial system to mitigate the real-economy impact of a financial panic or crisis and they also restrict the ability to guarantee the debt of healthy financial companies in similar circumstances."