SEC Adopts Rule Allowing Temporary Ban on Short Sales During Share Price Declines

A deeply divided Securities and Exchange Commission voted 3-2 Feb. 24 to adopt a rule that would temporarily restrict short selling in a stock when its price falls more than 10 percent in one day…

ANALYSIS: SEC Opens Door for Climate Change-Related Shareholder Proposals and Disclosure Requirements, with Potential New Liabilities for Public Companies

The 2009 proxy season saw a record number of shareholder resolutions related to climate change directed at a range of industries, including automotive…

House Speaker Pelosi Says Senate-Passed Jobs Measure Should Be Cleared by House by March 5

House Speaker Nancy Pelosi (D-Calif.) said Feb. 26 that she is not going to seek to remove Ways and Means Committee Chairman Charles Rangel…

IRS Considering Veritas Loss in Cost Sharing Settlement Guidelines

Internal Revenue Service Deputy Chief of Appeals Kurt Meier Feb. 26 said his division is taking into account IRS’s recent loss in Veritas Software Corp. v. Commissioner as it considers…

Obama Expected to Announce Plan During Week of March 1 to Complete Health Reform Work

President Obama the week of March 1 will announce a plan for completing health care reform legislation, White House spokesman Robert Gibbs said Feb. 26.

Senate to Bring $31 Billion Tax Extenders Measure to Floor During Week of March 1

Senate Democratic leaders announced Feb. 26 that they will bring a long-awaited bill featuring $31 billion in extensions of expired tax cuts to the Senate floor during the week of March 1.

Government Provides Targeted Guidance, Proposes Rules on Report on Foreign Bank Account Requirements

IRS unveils targeted guidance that practitioners say will provide significant relief for taxpayers required to file the Report of Foreign Bank Account, on the heels of…

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