Search Results for “3” – INSIDE COMPLIANCE

Red No. 3 – The Carcinogenic Color

October 26, 2023Delaney SzwedUncategorized

Consumers read product labels regularly to educate themselves on ingredients they are putting on or in their body. More likely than not, most consumers have read a label before and seen “RED 3” as an ingredient, often listed at the end of the lengthy list. What most consumers fail to recognize is what exactly “RED 3” is and the potential hazard it can pose to their health. While the Food and Drug Administration has requirements in place restricting the use of this color additive in cosmetics, it is still permitted to be used in food and drug products despite scientific findings of its cancer-causing effects.

FDA regulationsFood Processing

Melting Point: SEC’s Climate Disclosure Rule and Scope 3 Emissions

October 6, 2023Katherine OMalleyEnvironmental

With every wildfire, catastrophic storm, and record-breaking heat, climate change is at our front doors. But what can help mitigate some of these effects? Regulations. Holding big polluters responsible for their carbon emissions is a crucial way to mitigate the effects of carbon emissions. Although many big companies voluntarily disclose some of their climate data, the pressure can come from investors, not the government. In an effort to enhance and standardize public companies’ climate data, the Securities and Exchange Commission (SEC) proposed a controversial Climate-Disclosure Rule in April 2022.

environmental regulationSEC

Kraken Settles with the SEC in a $30 Million Deal

February 23, 2023Sophia ShapiroUncategorized

Sophie Shapiro Associate Editor Loyola University Chicago School of Law, JD 2024 Kraken will pay $30 million to settle SEC (Securities and Exchange Commission) allegations that it broke the agency’s rules with its cryptoasset staking products and will discontinue them in the United States as part of the agreement with the regulator. What is Kraken? …
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data privacyPrivacy & SecurityRegulationSEC

Mismanagement of Client Data Results in a $35 Million Fine for Large Investment Company

October 5, 2022Juhi DesaiFinance & Banking

Juhi Desai Associate Editor Loyola University Chicago School of Law, JD 2024 Morgan Stanley Smith Barney (“Morgan Stanley”), a leading investment company, found itself in hot water after complaints of a data breach. In 2015, Morgan Stanley allegedly auctioned off devices that contained sensitive information. On September 20, 2022, the U.S. Securities and Exchange Commission …
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Privacy & Security

Illinois House Bill 3498: Telehealth Expansion and Payment Equality

April 6, 2021Kennedy ChigloUncategorized

The Coalition to Protect Telehealth and State Representative Deb Conroy of the Illinois 46th House District have introduced legislation that would permanently expand access to telehealth services for Illinoisans. The legislation also details provisions that promote telehealth payment rate partity between telehealth services and in-person care. In a direct response to the COVID-19 pandemic, telehealth providers have been granted temporary waivers to align their payment rates with those prescribed for traditional care in health care facilities. These waivers have served as stabilizing financial mechanisms for many practitioners experiencing revenue loss due to the restrictions on elective procedures and non-emergency care. The proposed legislation would give patients more freedom to utilize telehealth services by removing the patient responsibilities to demonstrate hardship or access issues.

COVID-19Governor JB PritzkerHHSIllinoisIllinois LegislatureJournal of Regulatory CompliancePayment and CoveragePayment ProcessingPHEpublic health emergencyRegulationtelehealthtelemedicine

Regulatory Shortcuts Taken in Creation of 737 Max Jets

August 26, 2020William BakerUncategorized

Boeing’s fleet of 737 Max jets remain grounded in the wake of two crashes that occurred shortly after takeoff and within five months of each other. Both crashes killed all passengers on board, a total of 346 people, and the jets’ black box data recorders have revealed many similarities between the two incidents. Both jets were equipped with Boeing’s newly implemented stall-prevention software called the Maneuvering Characteristics Augmentation System (MCAS). The system automatically adjusts the pitch of the aircraft, but it malfunctioned in both crashes when MCAS seized control from the pilots and plunged the jets into the ground. The Federal Aviation Administration (FAA) has not yet announced when these jets will be allowed to fly again, although test flights have recently been conducted.

aviationcomplianceFAAJournal of Regulatory ComplianceTransportation

Illinois Amends Equal Pay Act of 2003 and Enacts Salary History Ban

September 25, 2019Haley BurridgeUncategorized

On July 31, 2019, Illinois Governor J.B. Pritzker signed House Bill 834 into law amending the Illinois Equal Pay Act of 2003. The law, which will go into effect on September 29, 2019, makes it unlawful for employers to ask applicants about their salary history. Governor Pritzker signed the Bill with the intention of eliminating the wage gap that exists between men and women in Illinois. In 2019, half of the Illinois workforce is women, but women working in Illinois earn 79 percent of what men earn. The wage gap is exacerbated for women of color. According to The American Association of University Women, Black women in the United States are paid 61 cents for every dollar paid to a white man. As a result of the amended law, Illinois employers will need to act quickly to make changes to their hiring procedures.

EmploymentEqual PayIllinoisLabor and EmploymentSalary History BanWage and Hour

A Way Around HHS 340B Program Delays

September 28, 2018Mya StraussDrugs & Devices

Access to quality, comprehensive health care services seems to always be at the forefront of our health care industry. One’s ability to gain access measured in terms of utilization, is dependent upon financial affordability, and physical accessibility. While a seemingly small issue under the overarching ‘access to health care’ topic, talks about access to medication and its affordability in particular for the vulnerable and underinsured patients must also be addressed. A number of health organizations have sued HHS for delaying the implementation of rules that would force drug companies to be transparent about their pricing and punish them for overcharging participating hospitals in the federal program that discounts outpatient medication. Due to HHS’ delays, hospitals cannot challenge drug manufacturers for overpricing outpatient medication thus they cannot access refunds of discounts that are due to them under statute.

340BAccessAmerican Patients FirstcompliancediscountsDrug Manufacturersdrug pricinghealthcareHHSHospital ComplianceInflationLegislationMedicaidMedication affordabilitypharmacyRegulationreimbursementTrump Administrationunderinsured

TAX TALK SERIES Understanding Notice 1036: IRS Adjusted Withholding Tables to Accommodate New Tax Plan

March 2, 2018Sara OakesUncategorized

On December 20, 2017, Congress passed the Tax Cuts and Jobs Act (“TCJA”) designed to decrease the taxable rate for corporations and individuals, and to limit allowable deductions. Since this change to the Tax Code was one of the largest since the Reagan era, the Internal Revenue Service will need to publish many regulations in the coming months to better clarify provisions of the TCJA. This multi-part series will explore prominent IRS regulations as they relate to the TCJA, and what these regulations mean for both individual and corporate taxpayers.

EmploymentIRSregulatoryregulatory agencytaxtax cutsTCJAwithholding

An Overview of Illinois Public Act 100-0538 Compliance with the Hyde Amendment

November 7, 2017Uncategorized1 Comment

Illinois Public Act 100-0538, commonly referred to as House Bill 40, was signed into law on September 28, 2017. The Act repeals provisions in existing Illinois laws that aim to make abortion illegal should there be any change to the federal standard. Additionally, the Act lifts a ban on insurance coverage for abortions for low-income individuals enrolled in Medicaid. While enacting House Bill 40 was a win for advocates of reproductive rights in Illinois, the state will still need to comply with federal anti-abortion laws, such as the Hyde Amendment.

abortion accesscomplianceHB40Health InsuranceHouse Bill 40Hyde AmendmentIllinoisIllinois Public Act 538InsuranceMedicaidpolicyPublic Act 100-0538public healthRoe v. Wade

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