CEI Today: Court ruling on price caps, Obamacare in court x2, gov't secrecy, and Human Achievement Hour

Monday, March 24, 2014
In the News Today


Openmarket.org: Draconian Dodd-Frank Durbin Debit Controls Need Not Be More Destructive, Court Rules

As the weather finally turns to spring, the D.C. Circuit Court of Appeals today blew a nice cool breeze of common sense.

A bipartisan three-judge panel unanimously overturned district Judge Richard Leon’s July 31 ruling that the Federal Reserve had not made the price controls stemming from Dodd-Frank’s Durbin Amendment draconian enough. Friday’s decision by Clinton-appointed Judge David Tatel found that the Federal Reserve “reasonably construct[ed]” the law in considering costs in setting the price caps, and the ruling in fact opens the door to allowing banks and credit unions make retailers pay more of the costs of processing debit cards.  > Read more

> Interview John Berlau

> Twitter.com/jberlau


While the Hobby Lobby case is before the Supreme Court this week, another challenge to Obamacare is in court. On Tuesday morning, a three-judge panel of the US Court of Appeals in Washington, DC will hear arguments in Halbig v. Sebelius.

In that lawsuit, launched in May 2013, a group of small business owners and individuals in six states sued the federal government over an IRS regulation imposed under the Affordable Care Act, which obliterates the distinction drawn by Congress between state and federal insurance exchanges. The rule undercuts the choices made by many states to stay out of the program, and it will force the plaintiffs to pay exorbitant fines, cut back employees’ hours, and face other burdens. US district court Judge Friedman ruled against the plaintiffs in January.  The case is now on expedited appeal.
> Read more about the case

> Interview Sam Kazman


National Review: Lawmaker Excluded from CFPB Meeting, Unable to Hold Executive to Account


Representative Sean Duffy (R., Wis.) recently attempted to attend an advisory committee meeting of the Consumer Financial Protection Board. The agency declined to let him in, preventing him from holding this executive agency to account. The CFPB has a track record of secrecy and excluding people. > Read more

> Interview Iain Murray

> Follow Iain Murray on Twitter @ismurray

Saturday, March 29
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Human Achievement Hour pays tribute to the human innovations and access to affordable energy that allow people around the globe to live better, fuller lives.


CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.


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