Publication - 02/28/2012

Congress Gives the Green Light to Incentive Auctions

Telecommunications Alert

On February 17, both the House and the Senate passed the Middle Class Tax Relief and Job Creation Act of 2012. Among other things, the Act provides for the extension of the payroll tax holiday and unemployment benefits and prevents cuts in Medicare physician payment rates. To help offset the cost of the Act, the legislation includes significant spectrum provisions centered around preparations and details of a future auction of spectrum currently held by broadcast television licensees to other users, likely including commercial wireless carriers. This process is ultimately expected to raise billions of dollars for the Treasury, while also helping to fund the creation of a nationwide public safety broadband network for emergency first responders, another subject of the Act.

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At Long Last: The IRS Issues Proposed Regulations for Deferred Compensation of Tax-Exempt Organizations and State and Local Governments

Client Alert
Christine M. Kong, Lori L. Shannon

The proposed regulations address some of the uncertainties that have perplexed plan sponsors and practitioners for years.

U.S. Department of Education Issues Proposed Borrower Relief Regulations

Client Alert
John R. Przypyszny, Jonathan D. Tarnow

On June 16, 2016, the U.S. Department of Education (the “Department”) published its proposed regulations (the “Proposed Rule”) regarding Borrower Defenses to Repayment (DTR) and related matters.

Representing Creditors in Chapter 9 Bankruptcy Cases

Practical Law
Kristin K. Going, Jennifer M. Roussil

Partner Kristin Going and associates Jennifer Roussil and Ravi Vohra wrote a Practice Note for Practical Law titled, “Representing Creditors in Chapter 9 Bankruptcy Cases.” The article discusses the role of creditors in Chapter 9 bankruptcy cases, including how a Chapter 9 case develops and how creditors are specifically impacted by the filing. This Practice Note also discusses the strategic issues creditors should consider to best position themselves for a possible recovery. ...

Saving women and children around the world must continue to be a top priority


J. Phillip Gingrey, M.D.

Former U.S. Congressman Dr. Phil Gingrey and Senior Advisor at the District Policy Group at Drinker Biddle & Reath authored a column in The Hill, a top U.S. political media outlet, on the importance of the U.S. government’s continued global leadership on maternal and child survival.

New FinCEN Due Diligence Requirements for Legal Entity Customers

Investment Management Alert
Diana E. McCarthy, Benjamin D. McCulloch

On May 11, 2016, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) released new anti-money laundering (AML) rules and regulations that apply to mutual funds, broker-dealers, banks and futures commission merchants and commodities introducing brokers.