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312 Matching News Items
1.
FTC Noncompete Ban: What You Need to Know
Ice Miller LLP
May 14, 2024
Ice Miller LLP
May 14, 2024
"The U.S. Chamber of Commerce and other entities have already filed federal court lawsuits seeking an emergency injunction against the regulations. There is reason to believe that these efforts will be successful ... To the extent employers believe noncompetes constitute a valuable business practice designed to protect company trade secrets and confidential information as well as the valuable goodwill that exists between employers and their customers, noncompetes remain legal and enforceable, subject to the various state laws limiting them."
2.
U.S. Chamber of Commerce Comments to DOL on Proposed Regulation for Automatic Portability
U.S. Chamber of Commerce
May 6, 2024
U.S. Chamber of Commerce
May 6, 2024
"The Chamber supports automatic portability as a way to increase retirement savings. However, the Chamber is concerned that certain provisions in the Proposed Regulation would discourage automatic portability by making it more difficult for an automatic portability provider to operate and for a plan sponsor to participate in such a program.... [The Chamber is] concerned that number of provisions in the Proposed Regulation are not within the scope of the statute and how DOL may try to apply these provisions to other individual and class PTEs in the future."
3.
U.S. Chamber of Commerce Files Suit Against FTC's Noncompete Ban
Wilson Elser
Apr. 30, 2024
Wilson Elser
Apr. 30, 2024
"The Chamber alleges in its complaint that 'the economy as a whole will suffer' because dominant firms snatch the best employees from startups and small businesses. The Chamber argues that the FTC's Rule is an assertion of power that is contrary to centuries of state and federal law and relies on 'novel claims of authority.' " [Chamber of Commerce of the U.S.A. v. Federal Trade Commission, No. 24-00148 (E.D. Tex. complaint filed Apr. 23, 2024)
4.
Tenth Circuit Establishes Pleading Standards in Residential Treatment Center Cases
Groom Law Group
Jan. 2, 2024
Groom Law Group
Jan. 2, 2024
"The [Tenth Circuit] has continued to focus on residential treatment center claims, having recently issued two additional precedential opinions in cases involving residential treatment centers ... Both of these cases drew amicus briefs (a brief by the National Health Law Program and the Kennedy Forum in E.W., and a brief by the U.S. Chamber of Commerce in Ian C.), and show that the Tenth Circuit is responding to the large numbers of residential treatment cases with lengthy opinions and detailed analysis and guidance." [E.W. v. Health Net Life Ins. Co., No. 21-4110 (10th Cir. Nov. 21, 2023); C. v. UnitedHealthcare Ins. Co., No. 22-4082 (10th Cir. Dec. 5, 2023)]
5.
U.S. Chamber of Commerce Comment Letter to DOL on Fiduciary Proposal (PDF)
U.S. Chamber of Commerce
Jan. 2, 2024
U.S. Chamber of Commerce
Jan. 2, 2024
46 pages. "As a fundamental matter, the Chamber believes an entity or person giving investment advice for a fee should do so under a heightened standard of care. However, the regulation of investment advice must be with the appropriate regulator overseeing such advice and each regulator applying the law as directed by Congress. [The Chamber believes that] some aspects of the Proposed Regulation and the Amended PTEs are not within DOL's powers."
6.
Fifth Circuit Sets Aside SEC Share Repurchase Disclosure Rule
planadviser
Dec. 20, 2023
planadviser
Dec. 20, 2023
"The disclosure regime under the rule would have made it more difficult for corporations to initiate a buyback program on the basis that their stock was undervalued. Similarly, the rule would have revealed if buyback programs were motivated by executive compensation schemes related to stock pricing." [U.S. Chamber of Commerce v. SEC, No. 23-60255 (5th Cir. Dec. 19, 2023)]
7.
U.S. Chamber Disappointed in DOL Proposed Fiduciary Rule
U.S. Chamber of Commerce
Nov. 1, 2023
U.S. Chamber of Commerce
Nov. 1, 2023
"The Chamber is disappointed that the [DOL] has spent its time and resources resurrecting a rule that has previously been invalidated by the courts, is outside of its rulemaking authority, and, most importantly, does nothing to promote retirement security and savings."
8.
U.S. Chamber Comment Letter to Agencies on Proposed Rules for MHPAEA Requirements
U.S. Chamber of Commerce
Oct. 26, 2023
U.S. Chamber of Commerce
Oct. 26, 2023
"[T]he Chamber is deeply concerned with many of the dramatic and unimplementable new requirements included in the Proposed Rules. There are five particularly concerning proposed regulatory elements which the Chamber urges the Departments to reconsider and offers recommendations for revisions in the Final Rules. [1] New 3-Part test for NQTL parity: Problematic Part 1 and Problematic Part 3. [2] New 'meaningful benefit' requirement. [3] New fiduciary certification mandate. [4] Unilateral power to prohibit plan operations. [5] Problematic applicability date."
9.
U.S. Chamber of Commerce Letter to the HHS Secretary Becerra on Medicare Drug Pricing
U.S. Chamber of Commerce
Aug. 29, 2023
U.S. Chamber of Commerce
Aug. 29, 2023
"Prudence and good governance would dictate that in implementing the price control mechanisms of the IRA, your agency would have sought to determine the extent of the negative side effects and taken steps to the maximum extent practicable to reduce the negative impacts. We seek to know whether in establishing the drug price program and in selecting the 10 initial medicines [HHS] did the following: [1] Conducted research to know the effects of the policy on new drug development. [2] Attempted to ascertain if the new treatments would likely be concentrated in particular therapeutic specialties such as cancer and Alzheimer's. [3] Assessed the impact on seniors' timely access to new treatments."
10.
SECURE 2.0 Implementation Roadmap
U.S. Chamber of Commerce
June 28, 2023
U.S. Chamber of Commerce
June 28, 2023
143 PPT slides. "On December 29, 2022, Congress passed SECURE 2.0, which contained over ninety distinct retirement plan provisions with effective dates ranging from the date of enactment, 2023, 2024, 2025 and beyond.... [This slide deck provides a] SECURE 2.0 Implementation Roadmap ... that breaks this legislation down in a more accessible format."
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