Monthly Archives: November 2010

SEC’s Proposed Definition of Venture Capital Fund

The SEC has proposed rules that would define “venture capital fund” for purposes of the new exemption for investment advisers that advise solely venture capital funds. Continue reading

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Text of Senator Baucus’s Proposed Repeal of New Form 1099 Rules

The text of Senator Baucus’s proposed repeal of the new Form 1099 rules is short and sweet: S. 3946 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. … Continue reading

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Senator Baucus To Introduce Bill To Repeal New Form 1099 Requirements

Update: When the bill becomes available, you will be able to find it at this web address. **** Senator Baucus, the Chair of the Senate Finance Committee, issued a press release on Friday announcing that he would introduce legislation to … Continue reading

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States Permitted to Impose USF on Nomadic VoIP: More State Regulation Expected

By Danielle Frappier, Paul B. Hudson, Michael C. Sloan, and Adam Shoemaker On Nov. 5, 2010, the Federal Communications Commission (FCC) issued a Declaratory Ruling determining that states may assess state-level universal service fees (USFs) on nomadic interconnected voice over … Continue reading

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Federal Reserve Board Delivers Early Holiday Gift to Gift Card Issuers

By Andrew J. Lorentz and Lisa B. Zycherman On Oct. 19, 2010, the Board of Governors of the Federal Reserve (the “Board”) issued a final rule to delay the effective date of certain gift card disclosure requirements until Jan. 31, … Continue reading

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