Publication
Real Estate Focus - December 2024
December has been a very busy month, with a flurry of new government policies and consultations.
United States | Publication | November 4, 2021
Led by US Senator Mike Braun of Indiana, 41 Republican senators announced on November 3 that they are acting to formally disapprove President Biden’s September 2021 Executive Order mandating an OSHA Emergency Temporary Standard (ETS) requiring employees at private businesses with 100 workers or more to receive COVID vaccines. The senators are proceeding under the Congressional Review Act, which provides a process for Congress to eliminate an executive branch rule. Sen. Braun is the ranking member of the Senate Subcommittee on Employment and Workplace Safety, which has jurisdiction over OSHA.
Simultaneously, Rep. Fred Keller, the ranking member of the House Subcommittee on Workforce Protections, is also formally moving to disapprove the mandate.
The Congressional Review Act permits Congress to overturn certain federal agency regulations and actions through a joint resolution of disapproval. If such a joint resolution is approved by both houses of Congress and signed by the President, or if Congress overrides a presidential veto, the rule at issue is invalidated.
During the 20-day period following OSHA’s publication of the ETS in the Federal Register, the disapproval will be analyzed by the Senate Health, Education, Labor and Pensions Committee. At the end of the 20 days, the formal disapproval will proceed to a vote in the full Senate. This is expected to occur in December, and will compel all senators to go on the record as to their position concerning the mandate. A similar process and vote is expected in the House.
This latest action follows the multiple threats of constitutional and procedural challenges to be filed by state Attorneys General once the ETS is published. Among other arguments is that the ETS is void on its face because OSHA cannot satisfy the statutory prerequisites for its issuance.
Publication
December has been a very busy month, with a flurry of new government policies and consultations.
Publication
On 13 December 2024 the Financial Conduct Authority (FCA) published Primary Market Bulletin 53 (PMB 53) which includes confirmation of the final form of two new, and one amended, sponsor-related technical notes previously consulted on in PMB 50, and a consultation on various proposed changes to the technical and procedural notes in the FCA’s knowledge base.
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The Regulator has provided a link to its dashboard webinar held on November 26, 2024, which it urges scheme trustees to watch. The Money and Pensions Service also collaborated with the Pensions Dashboard Programme to host a “town hall” dashboard event on December 2, 2024.
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