Senate hearing for Nuclear nominees, FCC eliminates broadcast signal rule, EPA approves Everglades clean up, and more.
- The White House announced an initiative to bolster broadband infrastructure development.
- The Department of Homeland Security announced changes in U.S. immigration policy that will allow some undocumented immigrants to receive work permits and remain in the country.
- President Obama’s nominee to lead the Nuclear Regulatory Commission said at a Senate confirmation hearing that the nuclear industry’s share of American electricity production could decline in coming years.
- The Commodity Futures Trading Commission (CFTC) may delay some derivatives rules for foreign banks according to chairperson Gary Gensler.
- Department of Interior officials planned to inspect Shell’s drilling equipment before approving permits for Arctic drilling.
- The Senate Committee on Banking, Housing and Urban Affairs held a hearing on the trading loss at JP Morgan Chase, with CEO Jamie Dimon testifying.
- The U.S. House of Representatives Transportation and Infrastructure Committee voted to curb President Obama’s environmental regulatory expansion.
- The Federal Communications Commission (FCC) announced it will nix the rule requiring cable providers to carry both analogy and digital broadcast signals.
- A Food and Drug Administration (FDA) advisory panel voted to recommend supported use of the first artificial heart value designed to be implanted without major surgery.
- The Environmental Protection Agency (EPA) approved permits for a $880 million Everglades clean up plan.
- The Securities and Exchange Commission (SEC) filed civil charges against associates of Nicholas Cosmo, saying they sold bogus investments in his $415-million Ponzi scheme.
- The National Highway Traffic Safety Administration (NHTSA) opened an investigation into three million Jeep Grand Cherokees over concerns that faulty fuel tanks could cause fires in crashes.
- The Washington Post editorial board rejected JP Morgan Chase’s Jamie Dimon’s continued resistance to robust Volcker Rule.
