This Week in Government Affairs
December 22, 2015
- Contract Procurement survey
There is an ongoing Business Council survey to gauge members’ opinions on the sunset of the PSA and PLA, and other contract procurement issues. Click here to access the survey.
- Minimum wage reminder
The minimum wage in New York State is scheduled to increase to $9.00 per hour effective December 31, 2015. There will be a new required poster which will not be available from the Department of Labor until December 31, 2015. When those posters are available, you can get them on our Labor committee web page here.
The minimum wage for fast food workers - as defined by the Commissioner of Labor’s wage order - will also increase on December 31. In New York City, the minimum wage will increase to $10.50 per hour. In the rest of the state, the minimum wage will increase to $9.75 per hour. Additional information can be found here. Staff contact:
- Proposed anti-terrorism regulations
The Department of Financial Services (DFS) has issued draft regulations intended to combat anti-terrorism and anti-money laundering activities. It includes a requirement modeled on Sarbanes-Oxley that senior financial executives annually certify that their institution has sufficient systems in place to detect and prevent such transactions. The proposed regulation applies to state-chartered banks, private banks, trust companies, credit unions, licensed branches and agencies of foreign bank corporations, licensed money transmitters and licensed check cashers. The proposed rulemaking is subject to a 45 day comment period, with comments due February 1, 2016. The Business Council will be commenting on these proposed rules. The proposed regulation can be found here. Please contact The Business Council for more information and/or to provide input.
The Joint Commission is asking for input on guidance regarding when the use of social media constitutes reportable lobbying, and what costs related to such activities constitute reportable compensation and expenses. Click here to view the notice. The Business Council will be submitting comments, and welcomes input from members. Feel free to contact email@example.com with any questions or comments. Earlier this month, The Business Council submitted comments on JCOPE’s draft Advisory Opinion No.15-OX on JCOPE’s draft Advisory Opinion No.15-OX regarding solicitation of campaign contributions by certain elected officials. Our main comment on that draft opinion was that its provisions were so broad and vague that it failed to provide clear guidance for elected officials or prospective donors. Our comments included recommendations for revised language.
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