Sacramento, Calif. (April 9, 2021) - As of July 1, 2020, "[e]very person who is an officer, member, responsible manager, or director of a corporation or limited liability company seeking licensure.
Key Points
Notice reflects NIH s continued concerns regarding foreign
influence and imposes significant new compliance obligations on
both grantees and individual researchers.
Obligates grantees to provide NIH with copies of researcher
agreements with institutions located outside the U.S. and requires
researchers to individually certify the accuracy of information
provided to NIH.
Effective May 25, 2021, universities and research institutions
will be required to use updated Biographical Sketch and Other
Support forms in National Institutes of Health (NIH) applications
and Research Performance Progress Reports (RPRRs). Please click here to read the entire notice. NIH explains
that the intent of the changes is to support the need for
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CFTC Commissioner Dan M. Berkovitz argued that futures contracts tied to the
outcome of sporting events should be permitted to be traded on a
designated contract market ( DCM ) if it can be
demonstrated that there is an economic purpose and the contract
provides impartial access to the public.
Mr. Berkovitz s statements came following the recent
withdrawal by Eris Exchange ( ErisX ) of a proposal to list futures contracts tied to the
outcome of NFL games. Mr. Berkovitz said that the proposal was deficient because (i) there was insufficient evidence
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Welcome back to our Interest Rates Watch series, developed to
provide timely updates and practical advice on developments related
to interest rates and benchmarks on a regular basis. As always, we
are here to help.
BACKGROUND
What Happened?
Having been introduced by Governor Cuomo earlier in January, on
March 24, 2021, the New York State Legislature passed a LIBOR
discontinuance bill
1 (the LIBOR Transition Legislation).
This bill is based on the Alternative Reference Rates Committee
(ARRC) updated proposed LIBOR transition legislation. On March 6,
2020, ARRC first proposed language for a legislative approach to
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On January 6, 2021, the U.S. Treasury Department and the
Internal Revenue Service ( IRS ) issued much
anticipated final regulations with respect to Section 45Q
of the Internal Revenue Code. As explained below, the regulations
liberalize a number of concepts and provisions which should make
the financing of carbon capture and sequestration ( CCS )
projects more attractive to tax equity investors.
As a brief overview, Section 45Q provides a tax credit to U.S.
taxpayers who capture qualified carbon oxide and either properly
store or use the captured carbon oxide in certain ways. The policy