On May 4, 2017, the House Financial Services Committee narrowly, by a vote of 34-26, passed the Financial CHOICE Act of 2017, which now moves to the full House. Most of the bill relates to rollbacks of Dodd-Frank provisions that are better covered by those who follow issues affecting large financial institutions. Among other things
The ABA Journal reports that Amazon’s Alexa-enabled artificial intelligence devices now can help attorneys, accountants and other timekeepers keep track of their billable time. According to the story, Thomson Reuters has a new assistant that can allow users to simply speak to Alexa and record time. It only works on the systems that Thomson Reuters is offering.
The President signed a budget bill last Friday that will keep the government funded through the end of September. After signing the bill, the President issued a statement which, among other things, declared some provisions in the bill unconstitutional, and seemed to suggest that he will not comply with others (like denying funding for certain presidential
It’s looking good. The Rohrabacher-Farr Amendment to the last several years of federal budget bills has prevented the federal government from using its money to prevent the implementation of state medical cannabis laws since 2014. However, the amendment must be renewed each year with the annual budget bill. According to HuffPost, the budget bill agreed upon
Earlier this week WV Governor Jim Justice (great name) signed into law a bill passed by the state legislature to permit the production and sale of medical marijuana in the state. This makes West Virginia the 29th US state to legalize medical marijuana. It is also one of the few states acting through legislation rather
Today, in a both exciting and sobering press release, Canada announced a plan to fully “legalize, strictly regulate and restrict access” to cannabis in the Great White North. The release starts bluntly: “The current approach to cannabis does not work.” The government of Prime Minister Justin Trudeau clearly favors both medical and recreational cannabis legalization.
IPO alternatives appear to be alive and well as we learn from press reports that unicorn music service Spotify may go public through a “self-filing.” In my first book, over 10 years ago, I talked at length about the potential value of this very straightforward technique. Assuming you otherwise qualify for an exchange listing, you
Got your attention? No it’s not April 1 anymore so this is serious. But actually no big deal. Last Friday the SEC adopted some rules mandated by the Jumpstart Our Business Startups (JOBS) Act of 2012. Among them: implementing the use of the term “emerging growth company” (EGC) throughout its registration and periodic reporting forms.
Believe it or not the Jumpstart Our Business Startups (JOBS) Act was signed into law on April 5, 2012. A great example of how the legislators, working with an administrative agency, can bring meaningful and substantive positive change. Enacted in the heat of a Congressional election year, the bill passed the House by a whopping
If you don’t know what the headline means, maybe just skip this one. Otherwise read on! Last week, the SEC approved a rule change that shortens the typical settlement period for public trading through brokers (known as “T+” for “trading plus”) to two business days from three. The SEC feels this will reduce trading risks.