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And the oversight law expires June 30, so the Legislature must act before then.
AGRICULTURE The bill cuts $120 million needed by the Commodity Futures Trading Commission to enforce the Dodd-Frank financial oversight law.
The White House has proposed that it receive $568 million, or 27percentt less than the $776 million called for in the corporate oversight law signed by President Bush last July.
Feinstein's bill faces competition from a parallel and much beefier oversight law proposed by judiciary committee chairman Patrick Leahy and Republican Rep. James Sensenbrenner, who co-authored the Patriot Act.
The sports-car maker Porsche said yesterday that it had decided against listing shares on the New York Stock Exchange to avoid "considerable extra costs" resulting from a new financial oversight law.
DealBook Banks Grumble At Clawbacks After a Liquidation | Should the government ever have to seize a large financial firm on the cusp of failure, the Dodd-Frank financial oversight law allows regulators to claim up to two years of pay from the executives thought to be responsible.
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(As we've learned from the Snowden N.S.A. scandals, both parties should support passing some oversight laws).
A former colleague recalled that, after attending a demonstration by Special Forces officers, he mocked the C.I.A., which was constrained by oversight laws.
Cities taken over by the state remain entangled in complex financial oversight laws even after they are returned to local control, Hammer points out.
The NRDC was among several environmental groups that gave Northam support this year for a massive rewrite of the state's utility oversight laws — an effort championed by Dominion Energy.
"This reckless bill would allow drilling in sensitive coastal areas even though current safety and oversight laws have been deemed to be inadequate to prevent a repeat of the gulf disaster," said Senator Robert Menendez, Democrat of New Jersey.
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