Congressional Research Service Reports - 9 Matching Results

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Electronic Banking: The Check Truncation Issue

Description: If all checks were replaced by electronic transactions, the exact cost savings would still be unknown, because estimates of the cost of using a check and the number of checks written each year remain in dispute. Consequently, estimates of cost savings range from $1.4 billion annually for truncation alone to $68 billion for replacing checks with electronic payments. A significant part of the savings comes from eliminating the handling, sorting, and physically transporting of checks to the paying… more
Date: July 3, 2003
Creator: Eubanks, Walter W.
Partner: UNT Libraries Government Documents Department
open access

Electronic Banking: The Check Truncation Issue

Description: If all checks were replaced by electronic transactions, the exact cost savings would still be unknown, because estimates of the cost of using a check and the number of checks written each year remain in dispute. Consequently, estimates of cost savings range from $1.4 billion annually for truncation alone to $68 billion for replacing checks with electronic payments. A significant part of the savings comes from eliminating the handling, sorting, and physically transporting of checks to the paying… more
Date: October 3, 2003
Creator: Eubanks, Walter W.
Partner: UNT Libraries Government Documents Department
open access

Auditing and Its Regulators: Reforms After Enron

Description: Auditors are regulated by both governmental agencies and professional organizations, though many now question whether this oversight is adequate. Enron’s auditor, Arthur Andersen, has been investigated by the U.S. Securities and Exchange Commission (SEC), several congressional committees, and other agencies, and it is facing numerous law suits. A federal jury convicted the firm on obstruction of justice charges on June 15, 2002. Other corporations and their auditors are also under scrutiny. Num… more
Date: February 3, 2003
Creator: Lyke, Bob
Partner: UNT Libraries Government Documents Department
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Social Security Reform

Description: No Description Available.
Date: April 3, 2003
Creator: Kollmann, Geoffrey & Nuschler, Dawn
Partner: UNT Libraries Government Documents Department
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The Commodity Futures Modernization Act (P.L. 106-554)

Description: The Commodity Futures Modernization Act of 2000 (CFMA) enacted the most sweeping amendments to derivatives law since the creation of the Commodity Futures Trading Commission (CFTC) in 1974. Provisions included major changes in the Commodity Exchange Act (CEA) regarding the regulation of exchange-traded futures contracts, over-the-counter (OTC) derivatives, and “security futures,” contracts based on individual stocks (which were previously prohibited).
Date: February 3, 2003
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
open access

The Commodity Futures Modernization Act (P.L. 106-554)

Description: The Commodity Futures Modernization Act of 2000 (CFMA) enacted the most sweeping amendments to derivatives law since the creation of the Commodity Futures Trading Commission (CFTC) in 1974. Provisions included major changes in the Commodity Exchange Act (CEA) regarding the regulation of exchange-traded futures contracts, over-the-counter (OTC) derivatives, and “security futures,” contracts based on individual stocks (which were previously prohibited).
Date: February 3, 2003
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
open access

The Commodity Futures Modernization Act (P.L. 106-554)

Description: The last act of the 106th Congress was to pass an omnibus bill that included the Commodity Futures Modernization Act (H.R. 5660; P.L. 106-554), the most significant amendments to the regulation of derivatives trading in 25 years. Derivative financial instruments are those that gain or lose value as some underlying rate, price, or other economic variable changes. The 106th Congress approved an overhaul of derivatives regulation which codified the unregulated status of certain derivatives, permit… more
Date: February 3, 2003
Creator: Jickling, Mark
Partner: UNT Libraries Government Documents Department
open access

Social Security Reform

Description: This report provides background and analysis on social security reform. The report discusses the most recent development, the basis for the debate, specific areas of contention and reform initiatives.
Date: December 3, 2003
Creator: Kollmann, Geoffrey & Nuschler, Dawn
Partner: UNT Libraries Government Documents Department
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