SEC votes to reform money management fund operation, ITC rules Apple violated patent, and more.
- The Securities and Exchange Commission (SEC) voted to propose rules reforming the operation of money management funds.
- The U.S. International Trade Commission (ITC) ruled that Apple violated Samsung’s patent for technology to send information wirelessly.
- The Centers for Medicare and Medicaid Services (CMS) and the U.S. Department of Health and Human Services (HHS) issued a rule implementing Affordable Care Act provisions for the Small Business Health Options Program.
- The U.S. Department of the Treasury (Treasury) reported that between 2010 and 2012 the Internal Revenue Service (IRS) spent around fifty million dollars on employee conferences.
- The U.S. Chamber of Commerce published a letter supporting the Chemical Safety Improvement Act which takes steps to reform the Environmental Protection Agency’s (EPA) regulatory process.
- The Consumer Financial Protection Bureau (CFPB) released exam procedures to help companies comply with new mortgage rules.
- The Connecticut legislature passed a bill that will require food manufacturers to label genetically modified foods. However, the law is not effective until four other states—one of which must be a Connecticut border state—pass similar regulations.
- The U.S. Department of Agriculture (USDA) Secretary Tom Vilsack gave a speech emphasizing the need to collaborate to address the effects of climate change.