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from The Great Debate:

Obamacare’s endless exemptions

Thursday night, the White House announced yet another exemption from the pain Obamacare is causing so many Americans. This latest “fix” would allow some Americans who’ve lost plans to exempt themselves from Obamacare requirements by claiming the law imposes a “hardship” because it’s “unaffordable.”

“Hardship”…“unaffordable”…these are the Obama administration’s own terms. About its own law.

These are the very things Republicans and health experts warned about for years.

Yet, this is the same Obama administration that steadfastly refused to make meaningful changes to the law before its launch. It’s settled law, they said. We won’t accept common-sense reforms or delays, they insisted.

from Financial Regulatory Forum:

IA brief: California broadens scope of private-adviser exemption

By Jason Wallace

NEW YORK, Sept. 12 (Thomson Reuters Accelus) - California has broadened registration exemptions for private-fund advisers in a final rule adopted by the state Department of Corporations that considers the manager and its fund-investor characteristics rather than "assets under management” (AUM) or the number of clients.

The move aims to minimize regulatory requirements on a venture-capital industry considered to be a lifeblood for the emerging firms that fuel California's high-tech economy, and responds to changes in registration requirements under national Dodd-Frank Wall Street reforms.

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