October 2017

News on the Common Reporting Standard, the Trump Administration's tax reform efforts, and more in this issue of Business News Digest

4 min

Venable attorneys produce periodic alerts and newsletters covering a variety of topics and practice areas. For your convenience, we have assembled below a collection of the latest alerts and newsletters from September 2017.

Coins, pens, and documents

Business Tax Update: Common Reporting Standard

The Common Reporting Standard (CRS) is being introduced in 2017 and will significantly change the degree to which global financial institutions exchange sensitive financial information about their customer base. The United States has notably abstained from adopting the CRS and as such, has evolved into an increasingly more attractive jurisdiction for banking secrecy and asset protection.

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The White House

Trump Administration and Congress Release Framework for Tax Reform

On September 26, 2017, the Trump administration, the chairman of the House Committee on Ways and Means, and the chairman of the Senate Finance Committee released their nine-page Unified Framework for Fixing Our Broken Tax Code, along with a one-page overview of the framework. The framework is intended to serve as a template for the tax-writing committees as they proceed on tax reform. The document cites pro-American and fiscally responsible tax reform as the primary objective, and aims to achieve that goal by broadening the tax base, closing loopholes, and growing the economy.

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U.S. Capitol Building

The Senate Will Not Vote on the Latest ACA Repeal Effort (the Graham-Cassidy Bill)

Last week, Senators Lindsey Graham of South Carolina and Bill Cassidy of Louisiana (with their co-sponsors, Senators Dean Heller (R-NV) and Ron Johnson (R-WI)) released the "Graham-Cassidy-Heller-Johnson Amendment" ("Graham-Cassidy bill"), which, if passed, would have repealed major sections of the Patient Protection and Affordable Care Act (ACA).

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Financial reports

Fund Forum | September 2017

This issue of Venable's Fund Forum includes observations from OCIE's Cybersecurity 2 Initiative; SEC fines a hedge fund in settlement of insider trading case; an investment adviser defrauds a professional athlete; an IM update on Form ADV amendments; and event details on our "Paid Family Leave Breakfast Briefing" in October.

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UPCOMING EVENTS

Digital Health Business Forum

Wednesday, October 4, 2017 | Webinar

The healthcare industry is seeing rapid technological advancements, and none of these is more evident than those in digital health. These new developments create exciting opportunities but also present many challenges. The Digital Health Business Forum is a digital health interest group comprising digital health companies, their investors, and other advisors. Members may participate in a series of free quarterly webinars and other updates that provide the relevant regulatory, legislative, and corporate updates necessary for digital health businesses to succeed in this evolving and exciting industry.

Please join us for a one-hour webinar on October 4 at 12:00 p.m. PT/3:00 p.m. ET.

Register

2017 ACC Annual Meeting

Tuesday, October 17, 2017 | Washington, DC

Join us at 7:00 p.m. for a complimentary reception at our new Washington, DC office as we welcome those attending the 2017 ACC Annual Meeting. Venable's office is located two blocks from the DC Convention Center at 600 Massachusetts Avenue, NW.

Register

Innovation and Risk: How Managing Risk Drives Innovation

Thursday, November 2, 2017 | New York, NY

This seminar offers insight for anyone involved in driving innovation and managing risk, and particularly those responsible for enterprise risk management. The panelists are leaders in innovation theory and methodologies, experienced entrepreneurs, ‎and risk domain experts. Their experience and insights range from startups to the financial services industry and advising some of the largest companies in the world.

Register

ADDITIONAL ARTICLES

A Rose by Any Other Name: The DC Universal Paid Leave Act and Changes Ahead

Congressional, Executive, and Legal Developments for Government Contractors to Consider | September 5, 2017

Congressional, Executive, and Legal Developments for Government Contractors to Consider | September 27, 2017

D.D.C. Enforces Procedural Requirements for Debarment and Extension of Debarment Period

Digital Scraping Update for the Northern District of California

The Pendulum May Be Swinging Away from Fair Use: The KinderGuides Case

Will Your Dietary Ingredients Be on the "Nice" List?

Mortgage regulation deadlines, a discrimination lawsuit, and more in the September 19, 2017 issue of Consumer Financial Services Practice Digest