Limited Allowability of Demonstration Costs for Leased Equipment

The Department of Defense has issued a rule (DFARS 2007-D004), which adopts a proposed rule (¶70,020.246) as final without change, amending the Defense Federal Acquisition Regulation Supplement to address the allowability of costs associated with leasing government equipment for display or demonstration. DoD Instruction 7230.8, Leases and Demonstrations of DoD Equipment, contains policy on leasing […]

White House Considering Bank Fees to Recoup Bailout Funds

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 12, 2010. The White House is considering implementing a fee on banks in an effort to recoup Troubled Asset Relief Program (TARP) funds made available to the industry during the financial crisis, administration spokesmen said. “That’s one idea that’s […]

FCA Defendant's Counterclaims Dismissed as Against Public Policy

A motion to dismiss counterclaims brought by the defendant in a False Claims Act action was granted in part by the District Court for the District of Columbia because some of the counterclaims were void as against public policy. The relator was a former employee of a contractor that provided the government with moving and […]

Dodd Will Not Seek Re-Election in November

By Sarah Borchersen-Keto, CCH Washington News Bureau, Contributing Author, the CCH Federal Banking Law Reporter, Jan. 6, 2010. Senate Banking, Housing and Urban Affairs Committee Chairman Chris Dodd, D-Conn., announced January 6 that he will not seek re-election to the Senate this November. “This is my moment to step aside,” Dodd said, noting that “this […]

GSAR Provisions on Describing Agency Needs Revised

The General Services Administration has finalized, with changes, a proposed rule (¶70,033.55) amending GSAR Part 511, Describing Agency Needs. The final rule is a result of the GSA Acquisition Manual Rewrite initiative undertaken by GSA to revise the GSAM to maintain consistency with the Federal Acquisition Regulation and implement streamlined and innovative acquisition procedures that […]

Supreme Court Oral Argument in PCAOB Case Centers on SEC Control and Presidential Removal Powers

Oral arguments before the Supreme Court in the case deciding the PCAOB’s constitutionality focused on the SEC’s pervasive control over the Board and the President’s control over the SEC. The case, which was brought by an audit firm, is before the Court on a grant of certiorari of a split panel ruling of the D.C. […]

SEC Proposes Amendments to Offering Communication Rule

The SEC has proposed amendments to 1933 Act Rule 163(c) to permit well-known seasoned issuers, known as WKSIs, to authorize an underwriter or a dealer to act as its representative in communications about the offering of securities prior to the filing of a registration statement (Rel. No. 33-9098, December 18, 2009). If adopted, the amendments […]