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“The company on Tuesday called the labels an unconstitutional way of forcing tobacco firms to spread the government's antismoking message and requested an injunction in federal court to delay the rule's implementation.”
The Wall Street Journal: Cigarette Makers File Labeling Suit
“But the true goal of the rule's 1,117 pages is to harm coal-fired power plants and force large parts of the fleet—the U.S. power system workhorse—to shut down in the name of climate change.”
“In July, a federal appeals court threw out a new rule that would give investors more power to oust corporate directors, saying the agency didn't adequately analyze the rule's costs to U.S. companies.”
The Wall Street Journal: Schapiro to Stay at SEC Through Next Fall
“Mr. Osborne indicated that he didn't believe the rule's exemption for this activity, known as market-making, would prevent an adverse impact.”
The Wall Street Journal: U.K.'s Osborne Lodges 'Volcker Rule' Complaint
“The remainder of the book describes what happened, much of it in the words of the kids themselves, whom Paley gently but firmly engages in ongoing discussion about the rule's nuances: about whether it can work at all, about whether it's fair, about the endless implications.”
“Namely, the act's rejig of debit-card fees, the so-called Volcker rule's prohibition on proprietary trading and changes to derivatives regulation.”
The Wall Street Journal: The Battle Over Too-Big-to-Fail Continues
“Such concerns could help the banking industry's efforts to delay the rule's implementation.”
The Wall Street Journal: Concerns Mount About Debit-Card Fee Caps
“Paul Volcker wants to keep his rule broad, while some Democrats want it implemented specifically, reports Deborah Solomon: Mr. Volcker's concern, according to several people familiar with the matter, is that narrow or prescriptive rules would invite gamesmanship on the part of banks and could allow firms to evade the rule's intent.”
“In a letter to the EPA in December, the new chairman of the House Energy and Commerce Committee, Rep. Fred Upton R., Mich. said the rule's potential costs to the economy "could be devastating," perhaps running as high as several hundred million dollars per plant.”
“Large traders will have to identify themselves to the SEC within four months of the rule's publication in the federal register, while brokers will have nine months to modify their current systems.”
The Wall Street Journal: SEC Sets Rule to Get Big Traders' Data More Quickly
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