Week in Review

Font Size:

Fannie/Freddie debt forgiveness authority remains unchanged, Cybersecurity Act fails to clear Senate, and more.

Font Size:
  • The Cybersecurity Act (S. 3414) failed to win the 60 votes needed in the U.S. Senate to move the legislation forward.
  • The Federal Housing Finance Agency (FHFA) said that it was rejecting arguments made by the Obama administration and members of Congress to authorize Fannie Mae and Freddie Mac to offer debt forgiveness to struggling borrowers.
  • A D.C. District Court Judge ruled that the Environmental Protection Agency (EPA) overstepped its powers by setting up water-quality criteria for coal mining operations in Appalachia.
  • A federal judge in Arizona ruled that a state law (H.B. 2036) banning abortions starting at 20 weeks of pregnancy is constitutional, but the U.S. Court of Appeals for the Ninth Circuit has issued an injunction barring enforcement of the law pending appeal.
  • The Apple Inc.-Samsung patent trial began, with Apple accusing Samsung of copying aspects of its mobile devices and seeking $2.525 billion in damages for harm to its business.
  • Justice Antonin Scalia indicated in an interview that the Second Amendment may leave room for U.S. legislatures to regulate guns, including menacing hand-held weapons.