Senators Request GAO Review of CFIUS Oversight of Foreign Investment in U.S. Real Estate

Three senators – Senate Banking Committee Ranking Member Sherrod Brown, Sen. Ron Wyden, ranking member on the Senate Finance Committee, and Sen. Claire McCaskill, ranking member on the Homeland Security and Government Affairs Committee – have asked the Government Accountability Office to investigate how the Committee on Foreign Investment in the United States (CFIUS) examines U.S. View Full Post
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China’s Cybersecurity Regulators Issue Procedural Rules to Strengthen Enforcement Power

For the past several years, the Cyberspace Administration of China (the “CAC”) has risen to a very important status among the Chinese national government’s agencies. However, it lacks a specific procedural law to empower it with specific enforcement actions. Against this background, the CAC issued Provisions on Administrative Law Enforcement … Continue Reading View Full Post
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Chinese Government Releases Overreaching Draft Regulations On Cross-Border Data Transfer

Last month, the Cyberspace Administration of China released draft regulations on the cross-border transfer of data in China. The draft regulations are available for public comment until May 11. The purpose of these regulations is to specify the restrictions on cross-border data transfer that were established by the recent passage of China’s Cyb… Continue Reading View Full Post
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The OCC Fintech Charter: A New Model for Tech-Enabled Financial Services?

On February 21, DWT Payments team members Andy Lorentz and Tom Scanlon took part in a discussion organized by NYPAY that focused on the prospects of the OCC special purpose fintech charter. The questions discussed included, “Will the concept survive the many challenges it can be expected to attract, including from fellow regulators? View Full Post
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New FCC Stays ISP Data Security Rules from Wheeler Era

On Wednesday, the Chairman Pai-led FCC adopted an Order granting a stay of the data security rules that were adopted as part of the Commission’s 2016 Privacy Order spearheaded by former FCC Chairman Wheeler. The stay will maintain the data security rules that have been in place for several years, but suspend implementation of the expanded data security r… Continue Reading View Full Post
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The Best of 2016: Quotes On Family Business

As we launch full steam into the first quarter of 2017, there are several opportunities to reflect on the successes, failures and more memorable moments of the family business community in 2016. There are also several opportunities to appreciate that – particularly in the ecosystem of family businesses – 2016 was just another year, with many of the same challenges faced in previous years and by previous generations, which will be faced anew with each coming generation. View Full Post
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FCC Finalizes Criteria for CAF Phase II Auction

Today the FCC approved an order that moves the nearly two billion dollar Connect America Fund (CAF) Phase II Auction competitive bidding process forward.   As we have previously reported, the Phase II auction will provide support (subsidies) to broadband providers willing to deploy broadband and voice services to unserved Americans.  View Full Post
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To Settle or Not to Settle – That is the Question Raised by Recent HIPAA CMPs

On February 1, 2017, the Department of Health and Human Services, Office for Civil Rights (“OCR”) announced that the Children’s Medical Center of Dallas (“Children’s”) has paid a civil monetary penalty (“CMP”) of $3.2 million to resolve multiple HIPAA violations over several years. View Full Post
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