Rise in SEC Enforcement Expected to Continue This Year

By Pamela J. Bethel The U.S. Securities and Exchange Commission’s Enforcement Division announced on Nov. 9 that it filed an all-time high 735 actions and collected $2.8 billion in penalties in fiscal year 2011. These included, the SEC said, 15 separate actions involving wrongdoing related to the financial crisis. Seventeen individuals were named in such […]

Congress Cancels 3% Withholding Tax on Federal Contractors

On November 17, 2011, the U.S. House of Representatives gave federal contractors and subcontractors an early Thanksgiving present. By a unanimous vote of 422-0, legislators passed H.R. 674, repealing a requirement that federal, state and local governments begin withholding three percent of payments to contractors in 2013. The bill has been sent to President Obama […]

Labor Dept. Ends Conflict Between New Rule, HUBZone Program

We reported in September that an unexpected conflict had developed between a new Labor Department rule and an existing congressionally mandated requirement that grants preferential treatment to HUBZone contractors —firms servicing Historically Underutilized Business Zones. Based on a current article in the Washington Business Journal, it now appears that the conflict has dissipated. HUBZone contractors are […]