INSIDE COMPLIANCE – Page 36 – Loyola University Chicago School of Law

In Theory and In Practice: The Teaching Equitable Asian American Community History Act

February 7, 2022Uncategorized

As we ring in the new year, there is a lot to celebrate in Illinois education law, including the Teaching Equitable Asian American Community History Act (TEAACH). TEAACH, which was signed into law by Illinois Governor J.B. Pritzker in July 2021, officially makes Illinois the first state to require public schools to teach a unit of Asian American History. With the law taking effect during the 2022-2023 school year, most Illinois schools must change their current elementary and high school curriculum starting this year.

Asian American HistoryCivil RightsEducationIllinois State Board of EducationTEAACH

Failure To Regulate NFTs and Crypto Currencies Will Lead to Catastrophic Environmental Implications

February 7, 2022Uncategorized

Non-fungible tokens (NFTs) are emerging digital assets with numerous rights and obligations. However, regulations and laws in the United States are only barely beginning to catch up, and NFTs consume nearly as much energy as a small country. Without NFT regulation, climate change catastrophes are likely to be evident sooner than expected.

cryptoCryptocurrencycryptocurrency regulationenvironmentenvironmental regulationJournal of Regulatory ComplianceNFTsRegulation

2022: The Year of US Data Privacy Laws?

February 4, 2022Uncategorized

When you think of the most valuable commodity in the world today, you might automatically think of money, however, personal data has now become one of the most valuable forms of currency today. The vast amounts of personal data available have made it increasingly valuable to companies who know how to use it to their advantage. The means of receiving this data are sometimes questionable, and up until recently, often unregulated, leading to companies using unethical methods to get their hands on this valuable data. The US is starting to follow the rest of the world and develop extensive data privacy laws that cover more than just medical information to ensure that consumers are protected, but there’s still lots of disagreements surrounding how and what should be protected in the US.

consumer protectiondata privacyfederal data privacy lawsJournal of Regulatory CompliancePrivacy & Securityprivacy lawsstate data privacy laws

White House Issues Guidance Regarding Fighting Corruption

February 3, 2022Finance & Banking, Fraud & Abuse

On December 6, 2021, the White House issued a consolidated federal strategy regarding fighting corruption that threatens national security. The memorandum directed a number of federal departments to conduct interagency reviews that allowed them to come together and proceed with a joint strategy to combat corruption in the United States.

anti-money launderingDepartment of the TreasuryForeign Reportingmoney laundering

Olympics Sponsors Keep Quiet as the 2022 Games Loom

February 3, 2022Athletic Regulation, The Art of Compliance

The 2022 Beijing Olympics will reach millions of people around the world. Despite the Games quickly approaching, the most prominent Olympic sponsors have remained silent about the human rights violations in China. The United States announced the decision to diplomatically boycott the games but athletes will compete.

#2022Olympics#athleticregulation#BeijingOlympicsolympicsSportsUSOPC

The Supreme Court Is Not Protecting Women’s Rights, so Will the 49th Anniversary of Roe v. Wade Be Its Last?

February 2, 2022Uncategorized

In 1973, the Supreme Court ruled in Roe v. Wade that states could not create onerous requirements that interfered with a patient’s right to an abortion up to the point of viability of the fetus, which was around 24 weeks. Roe and Planned Parenthood v. Casey established and protected patients’ rights to privacy and healthcare autonomy in reproductive health. However, as I previously explained in Abort Texas’ New Abortion Law, Texas’ new law erodes that decision. On January 20, 2022, the Supreme Court was presented with the opportunity to address this issue. The Court denied Texas abortion clinics’ request to immediately return to litigation over the Court’s acceptance of Texas’ six-week abortion law. However, the threat to reproductive health is not isolated to Texas; other states have enacted similar laws.

Health InsuranceJournal of Regulatory ComplianceRegulation

Big Tech vs the American Innovation and Choice Online Act

February 1, 2022Uncategorized

Amazon, Apple, Facebook, and Google are dominating the headlines with record-breaking profits and dismissals of antitrust lawsuits; however, that may not last long with new antitrust bills gaining traction in Congress. In fact, when the Senate Judiciary Committee voted 16 – 6 to advance a major antitrust bill on January 20, 2022, the American Innovation and Choice Online Act, the tech companies stock prices dipped. Currently, with bipartisan support, the bill is on a path to pass the Senate.

amazonAntitrustApplebig techCongressFacebookgoogleJournal of Regulatory Compliance

Lawmaker and Federal Official Stock Trading: Are More Stringent Regulations Necessary?

January 31, 2022Finance & Banking

Although lawmakers must disclose their trades to the public, some members of Congress believe more stringent regulations are necessary to limit members’ trading activity. Specifically, Senator Jon Ossoff (D., Georgia) has become a leading voice, planning to introduce legislation that would compel members of Congress to put their assets in a blind trust. Moreover, Federal Reserve Chairman Jerome Powell has been pushing for stricter ethics rules for Federal officers amidst several resignations of Fed bank officers.

Journal of Regulatory Compliance

Compliance and Aducanumab – How Should Providers Balance FDA and CMS Guidance?

January 29, 2022Drugs & Devices

As my colleague at Inside Compliance discussed here in September, the FDA approved Aducanumab for the treatment of Alzheimer’s Disease on June 7, 2021. Aducanumab, marketed as Aduhelm, is intended to reduce beta-amyloid levels. This compound is responsible for forming a “plaque” which inhibits neuron function and eventually triggers neuronal apoptosis (death of neurons). Now, a recent decision by CMS on insurance reimbursement for aducanumab has increased the compliance responsibilities of providers.

#Aducanumab#Aduhelm#Alzheimer's DiseaseCMSFDAregulatory compliance

The Not-So-Sustainable Side of Electric Vehicles

January 28, 2022Uncategorized

Set against the backdrop of climate change and a growing global push for sustainability, more people than ever before are turning toward Electric Vehicles (EVs) as a simple swap to reduce their carbon footprint – but are EVs really more sustainable? Although they might seem more sustainable, the long-term impacts of EVs on the environment are still not entirely known. While EVs reduce fossil fuel consumption now, what happens to the battery in an EV when it dies? Can it be recycled? How are the batteries produced? All these factors contribute to an uncertainty around EVs that has governments and scientists thinking of ways to improve the sustainability of the EV industry.

battery recyclingbattery wasteelectric vehicleelectric vehicle batteryEnergyenvironmental regulationEV