The conference committee members and the date for their first meeting has been set to address the Senate’s Bill S. 1813 and the Extension Bill passed by the House of Representatives. Pacific Financial has joined forces with the American Factoring Association (AFA) to take our fight to Washington and specifically address the members of Congress [...]
05/02/2012 | Read More
HERE’S ANOTHER CHANCE TO CONTACT YOUR CONGRESSIONAL DELEGATION Here’s the bad news: the same provisions pushed by the TIA and OOIDA, defeated in two previous sessions of Congress, are still buried in the middle of two bills pending in the House of Representatives-H.R. 7 and S. 1813. The nation’s largest brokerages are still paying significant [...]
04/25/2012 | Read More
The situation regarding TIA’s and OOIDA’s efforts to raise the Broker Surety Requirement has changed dramatically. The Senate has passed their version of the Transportation Bill with the broker surety increase intact. Senate Bill S-1813, as amended to include an increase in the broker surety requirement to $100,000, just passed in the Senate yesterday. The [...]
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