Today, the House Energy and Commerce’s subcommittee on Health held a hearing on the 21st Century Cures Initiative entitled, Examining the Role of Incentives in Advancing Treatments and Cures for Patients. With Republicans focused on the theme of extending patents for drug and device manufactures and Democrats primarily concerned with spending for “basic science” at the National Institutes for Health (NIH), Members voiced their interest in spurring scientific advancement for both chronic and rare diseases.
Author: Thornrun
Cordray Denies CFPB Involvement in Operation Choke Point
Tuesday, June 10, 2014 – Today, Director Richard Cordray of the Consumer Financial Protection Bureau (CFPB) appeared before the Senate Banking Committee, presenting the semi-annual report for the nation’s consumer financial watchdog. Director Cordray was asked by committee members about student debt refinancing, the collection of identifying data by the Bureau, and building renovation costs for the Bureau’s headquarters. Additionally, Senators asked about the status of rulemaking for pre-paid cards (due at the end of summer), the small dollar credit market, and forced arbitration. The Director was briefly asked about the Bureau’s involvement in Operation Choke Point.” Director Cordray denied active CFPB involvement in the Department of Justice’s efforts, and confirmed that he had given no advice to DOJ in that regard.
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ACA Income Verification Comes Under GOP Spotlight at W&M Hearing
Today, the Ways and Means Subcommittees on Oversight and Health held a joint hearing to examine the implementation of the Affordable Care Act’s (ACA) income and insurance verification systems. Buoyed by recent reports that roughly 1.2 million Exchange enrollees filed applications with questionable income data, Republicans on the Committee chastised the administration for failing to complete the income and eligibility verification system ahead of the website launch. Further, Oversight Subcommittee Chairman Charles Boustany (R-LA) estimated that the federal government might pay up to $220 billion in improper payments over the next ten years due to incorrect subsidy calculations.
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Today on the Hill: Budget Week in the House; Senate to Pass Unemployment Bill
This week, the House will take up Republican’s fiscal 2015 budget resolution (H.Con.Res. 96), which would cut $5.1 trillion in planned spending over the next ten years. The proposal from House Budget Committee Chairman Paul Ryan (R-WI) is designed to balance the federal budget in 10 years. Approved by the Budget Committee last Wednesday, the plan would revamp safety-net programs, offer a “premium support” alternative to Medicare, and repeal the Affordable Care Act (ACA). The House GOP budget resolution stands no chance of passing the Democratic-controlled Senate, which doesn’t plan to advance a budget plan.
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Politico’s Morning Money Highlights TRP Financial Services Report
In today's issue of Politico Morning Money, the financial tip-sheet highlights Thorn Run Partner’s and Jason Rosenstock’s analysis of what is going on in Congress.
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Politico’s Finance Tip-Sheet Features TRP’s Weekly Financial Services Report
Today's issue of Politico Morning Money leads off with Thorn Run's Jason Rosenstock and today's edition of the TRP Financial Services Report. Responding to the furor surrounding high frequency trading that has come under the spotlight in a new book by author Michael Lewis, Rosenstock explores the policy implications of the recent dust-up. Noting that there could be a similar reaction in Congress to that of the AIG bonuses in the shadow of their federal bailout, Rosenstock suggests that the likelihood legislative remedies gaining momentum are small, but that the industry needs to be prepared to stem possible DOJ, SEC, and CFTC enforcement actions.
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TRP’s Jason Rosenstock Quoted In AP Article on Yellen Hearing
In an article published today in the Associated Press, Thorn Run's Jason Rosenstock commented on Federal Reserve Chair Janet Yellen's first public speaking opportunity as head of the agency. In the hearing before the House Financial Services Committee, Mr. Rosenstock notes that Yellen "avoided all the major pitfalls that were presented to her." Mr. Rosenstock, an experienced financial services lobbyist, joined Thorn Run Partners in January of this year.
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Thorn Run Featured in Roll Call Article on Robust “Little Shops”
In an article highlighting D.C.'s most successful boutique lobbying agencies, Roll Call cites Thorn Run Partners as part of a group of "nimble K Street entrepreneurs who understand the changing business of influencing Washington and can easily morph into high-level, team-oriented client consiglieres." Despite the challenging political environment in Washington, the article notes that Thorn Run has continued to report more revenue out of an "increasingly shrinking pot" of federal lobbying disclosures.
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Politico Morning Money Notes Jason Rosenstock’s Move to Thorn Run
In today's issue of Politico 'Morning Money,' the recent announcement that Democratic lobbyist Jason Rosenstock has joined Thorn Run Partners was given headline-worthy attention. "I look forward to helping the firm continue to build on its past success, particularly in the financial services, technology and telecom sectors where most of my expertise resides," said Mr. Rosenstock. In his previous role, Mr. Rosenstock was instrumental in assisting a client achieve the sole statutory exemption from the Consumer Financial Protection Bureau (CFPB) during Congress’ consideration of Dodd-Frank.
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Jason Rosenstock Joins Thorn Run Partners
Expanding bipartisan firm adds former Capitol Hill aide and K-Street veteran Jason Rosenstock.
For immediate release: January 17, 2013
Contact: Andy Rosenberg, 202-247-6301
Thorn Run Partners announced today the addition of Jason Rosenstock as Partner. Jason joins Thorn Run from the DC lobbying arm of a leading Boston law firm, where he served as Director of Government Relations.
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