Tag:Regulation
Politicians Allowed to Serve Long After the Retirement Age
With the recent death of trailblazing Congresswoman Diane Feinstein, discussion of whether Congress members, and politicians in general, should be allowed to serve long after the retirement age are becoming even more prevalent. This conversation is important as people who hold opposite opinions have valid arguments that must be considered. On one hand, the United States has banned age discrimination in the workplace. On the other hand, keeping people who have declining physical or cognitive health may pose a safety concern for our nation, especially when we are discussing high ranking officials. Ultimately, we are a nation for the people and by the people. Thus, we decide whether we place age limitations on our elected officials or not by going to the polls.
SEC Launches Largest Regulatory Blitz Since the Great Recession, and Wall Street Readies for War: Part One of a Two Part Series
Securities and Exchange Commission (SEC) Chair, Gary Gensler, has introduced more regulatory proposals impacting market participants than former SEC Chair, Mary Schapiro, did in the same time frame following the Great Recession almost fifteen years ago. The SEC has formally adopted 22 of 47 regulatory proposals since 2021, and in August released extensive final rules targeting private funds. The new regulations in part require private fund advisors to increase disclosure to their investors regarding fees, expenses, and other terms of their relationship. Other new rules prohibit preferential treatment of some investors that may materially affect other investors in the same fund.
Protecting the Sport or Protecting the Person: Why NIL Deals for College Athletes Need Federal Regulation
Mayhem has ensued in the world of college sports since July 1, 2021, when college athletes could first benefit from their name, image, and likeness (NIL) based on an interim policy passed by the National Collegiate Athletic Association (NCAA). Chaos emerged after a number of states adopted policies regarding athlete’s name, image, and likeness. This forced the NCAA to pass a policy allowing such deals across the board, while stating in their release that the organization would continue to work with Congress to create a solution on the national level. However, two years later, no such solution has come to fruition, and in that time, states that have a large investment in the success of their college sports have been able to create or edit their legislation to benefit the performance of their teams.
College Tuition Payment Plans Are Putting Student Borrowers at Risk
Doria Keys Associate Editor Loyola University Chicago School of Law, JD 2025 College is typically the first instance in which many Americans encounter debt collection, lending, and credit reporting. The most common way that students borrow is by acquiring student loans, either from the U.S. Department of Education or from private financial institutions. A less …
Read more
PGA Tour and LIV Golf Partnership: A Swing and a Miss?
The PGA Tour and LIV Golf have agreed to a partnership, ending the rivalry that has divided golf for the past year. While golf fans may be rejoicing, it may be a premature celebration as the Justice Department has already been investigating the golf industry for anticompetitive behavior. The announcement of the PGA Tour and LIV Golf partnership has raised further concerns about monopolistic practices within the golf industry.
The Gig is Up: Government Efforts to Regulate Gig Work and the Changing Definition of Employment
On October 11, 2022, the Department of Labor released a proposal to redefine independent contractor classifications under the Fair Labor Standards act. The change in definition, if approved, will have major implications for gig workers and companies such as Uber, Doordash, Grubhub, etc. These companies have already had a drop in stock value because of the announcement and the companies are at risk of losing more value as the gig economy destabilizes.
Protecting the Freedom of Reading during the Rise of Book Censorship
This year, September 18th marked the start of Banned Books Week, which ran through September 24th with the purpose of bringing awareness to books that have been banned in libraries and classrooms across the United States. With the recent rise of politicization of education in America, the movement to ban books has skyrocketed. This year is already seeing record numbers of restrictions on books being taught in schools, with the American Library Association citing close to 700 book challenges that have already been brought. The rise of book censorship is being fueled by organizations with a focus on censoring books they deem should be banned from schools, who are compiling lists of hundreds of books with themes they disagree with.
Can We Do Anything About Sexual Crimes in the Metaverse?
* Content warning: This piece contains references to sexual assault and harassment.
In an article entitled Reality or Fiction, Nina Jane Patel shared her experience with sexual harassment in the Metaverse. She repeatedly asked fellow users to stop and tried to move away, but they followed her, continuing their verbal assault and sexual advances. In part, she writes, “they touched and groped while they took selfies. They were laughing, they were aggressive, and relentless. I froze. It was a nightmare.” As she tried to escape the situation, she could still hear them – “don’t pretend you didn’t love it, this is why you came here.” After the assault, she couldn’t report it to the police, and no suit was filed against the group of four men.
Regulating the Unregulated: Where is Cryptocurrency Headed?
While over 10 years have passed since Satoshi Nakamoto first introduced Bitcoin, digital currencies continue to remain unregulated by financial authorities despite a number of challenges that have plagued consumers and the government: the Silk Road, fraud, and various other financial crimes. Additionally, many consumers invest in cryptocurrencies because they are not controlled by any central government monetary policies. However, cryptocurrency investors are also at risk of their money losing its value when the market takes a tumble, as evidenced by the recent current cryptocurrency downturn. Despite these continued challenges, imposing regulations on cryptocurrencies has proven to be difficult. Until President Biden’s Executive Order, issued on March 9th of this year, the White House steered clear of recognizing digital assets as a valid form of currency. The President’s Order explicitly recognized the need for research and policy implementation across various government agencies in order to shape the way cryptocurrencies are regulated.
Are Tighter Gun Regulations the Answer to Combating Gun Violence?
Taelor Thornton Associate Editor Loyola University Chicago School of Law, JD 2024 On May 14, 2022, a gunman opened fire with a legally obtained AR-15-style rifle at a supermarket in Buffalo, New York, killing 10 people. Ten days later, an 18-year-old gunman killed 19 children and two teachers at Robb Elementary School in Uvalde, Texas. …
Read more