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Friday, 03 February 2012 15:35 |
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Wetlines Study Included
Today, the House Transportation and Infrastructure Committee will hold a markup on its recently released highway reauthorization bill known as the “American Energy & Infrastructure Jobs Act” (H.R. 7). The five-year $260 billion surface transportation bill would be paid by tapping royalties from oil and gas drilling on public lands and federal waters and would cut some transportation programs to pay for the reauthorization. However, oil and gas drilling is a contentious congressional issue and may not make it into the final bill when the House and Senate reconcile differences. The Congressional Budget Office (CBO) projected this week that the trust fund would be insolvent by 2013 assuming current spending levels.
The House Ways and Means Committee will mark up the their portion of the Highway reauthorization bill which includes the 18.3 cents-per-gallon gasoline tax, the 24.4 cents-per-gallon diesel tax and the .001 cents-per-gallon leaking underground storage tank tax. It is likely that the motor fuels excise tax and the LUST tax will remain the same and would be reauthorized for the next five years.
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Read more... [House Committees to Tackle Highway Reauthorization Bill]
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Tuesday, 24 January 2012 00:00 |
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The National Association of Tobacco Outlets (NATO) is reporting that the FDA has begun issuing retailers fines for alleged violations. Of the 20 retailers facing monetary penalties, 3 have been fined $5,000. There is a chart below the article that illustrates FDA’s fines structure.
FDA Begins Issuing Complaints Assessing Fines up to $5,000 on Retailers
The FDA’s Center for Tobacco Products has begun issuing “Civil Money Penalty Complaints” which are used to begin the agency’s legal action against a retailer for alleged violations of the federal tobacco regulations and can result in the assessment of a fine.
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Read more... [FDA Begins Issuing Fines for Violations of Tobacco Regulations]
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Tuesday, 22 November 2011 00:00 |
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Flawed debit card swipe fee reform regulations issued by the Federal Reserve have allowed big banks to continue charging unjustifiably high swipe fees and discouraged price competition among credit card networks, according to a lawsuit filed in federal court today by NACS and NACS member Miller Oil Co., among others.
The regulations, which took effect October 1, have led to an increase in debit card swipe fees in some cases, according to the plaintiffs: NACS, Norfolk-based Miller Oil Co., the Food Marketing Institute, the National Retail Federation and Boscov’s Department Store.
“The Federal Reserve missed an opportunity to give consumers the relief that they deserve and this needs to be corrected,” said NACS President and CEO Hank Armour.
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Read more... [NACS, Other Groups File Lawsuit Over Fed's Swipe Fee Reform Rules]
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