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Business Regulation

All articles tagged with #business regulation

law1 year ago•1 min saved

Texas Court Halts Corporate Transparency Act Nationwide

A Texas federal court has issued a nationwide preliminary injunction against the Corporate Transparency Act (CTA), which mandates US businesses to report stakeholder information to the Treasury Department. The court ruled that the CTA exceeds Congress's powers under the Commerce Clause, as it regulates entities regardless of commercial activity. The lawsuit, brought by Texas Top Cop Shop Inc. and others, argued that the CTA's requirements are unconstitutional. The government contends the law is necessary to combat illicit activities like money laundering.

via Bloomberg Tax|

#beneficial-ownership #business-regulation #commerce-clause

business-regulation1 year ago•3 min saved

"Legal Battles and Business Impact: SEC's Climate Rule in Limbo"

The SEC's climate disclosure rule, which would require publicly traded firms to disclose climate-related risks, has faced legal challenges and backlash due to concerns about increased compliance costs, potential business consolidation, and regulatory overreach. Critics argue that the rule may burden smaller companies, duplicate existing regulatory efforts, and exceed the SEC's statutory authority. There are calls for congressional intervention to prevent excessive regulatory burdens and ensure agencies operate within their intended scope.

via RealClearMarkets|

#business-impact #business-regulation #climate-disclosure

business-regulation1 year ago•1 min saved

FCC Mandates Transparent Pricing for Cable TV Services

The FCC has adopted a new rule requiring cable and satellite TV providers to display the total price of subscription plans, including extra fees, as a prominent single line item to eliminate the misleading practice of describing costs as taxes or surcharges. This move aims to make it easier for consumers to compare prices and eliminate unexpected fees on their bills. While the FCC sees this as a win for consumer protection, cable providers argue that it's unnecessary and will only cause further confusion in the marketplace.

via The Verge|

#business-regulation #cable-tv #consumer-protection

business-regulation2 years ago•3 min saved

FTC Faces Industry Pushback on Making Online Service Cancellation Easier

Cable companies and advertisers are pushing back against a proposed "click-to-cancel" regulation by the FTC, arguing that it would make it harder to retain customers and could lead to unintended consequences for consumers. The proposed rule aims to make it as easy to cancel a subscription as it is to sign up, and requires sellers to obtain customer consent before pitching additional offers when a consumer tries to cancel. The Interactive Advertising Bureau also expressed concerns, stating that the rule would burden businesses and restrict innovation without corresponding benefits.

via Ars Technica|

#business-regulation #cable-companies #consumer-rights

us-politics2 years ago•3 min saved

Supreme Court to Review Cases Limiting Federal Agency Power.

The Supreme Court has agreed to hear a case that could limit the power of administrative agencies to regulate businesses. The case seeks to overturn the Chevron precedent, which requires judges to defer to an agency's interpretation of an ambiguous law if it is reasonable. The outcome could have far-reaching implications for regulations across the economy, including those related to clean air and water, food and drug safety, and financial risk. The case in question involves a challenge to a law requiring fishing vessels to pay for monitors to ensure compliance with regulations. The court's Republican-appointed majority has previously chipped away at the power of the administrative state to impose regulations on businesses.

via The New York Times|

#administrative-agencies #business-regulation #chevron-precedent