
Legal, Regulatory and Financial Services
Position
Legal, Regulatory, and Financial Services Committee's Principles:
- Arizona's legal system for settling disputes should be fair and responsive to the needs of civil litigants. Appropriate checks and balances should be assured in the process adopting court rules.
- The same principles of reasonable and constitutional checks and balances that apply to Arizona's branches of government should apply to state regulatory agencies, including the Arizona Corporation Commission. Regulatory accountability and transparency should help lawmakers and regulators balance the benefits and costs of regulations while protecting the rights of the regulated.
- The financial services industry should be allowed maximum flexibility to develop innovative products and practices within the marketplace.
News
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More bad news for AEA
Aug 18, 2010 — The Yuma Daily Sun
AEA is insured up to $250,000 by the National Credit Union Share Insurance Fund. "No insured deposit has ever suffered a loss," Leggett noted. AEA's net worth/total assets dropped to 2.73 percent for the second quarter ending June 30, from 8.38 percent the previous year. The financial industry considers 6 percent as adequately capitalized, while fully capitalized is 8 percent and above. Meanwhile, AEA's delinquent loan rate is now 21 percent of its total loans, compared...
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Flag providers react to health reform bill
Mar 24, 2010 — The Arizona Daily Sun
You're going to have higher premiums, but more government subsidies." --A hospital president "It's a good thing.
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Health-care bill lacks real reform
Sep 28, 2009 — Arizona Republic
The Baucus health-care bill is a dead duck.
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Malpractice law needs a dose of reform
Sep 23, 2009 — Arizona Republic
And I would put the former head of a trial-lawyers association in charge of it.
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McCain: Health care reform plan will hurt small businesses
Sep 20, 2009 — East Valley Tribune
John McCain speaks Friday during a meeting of the Gilbert Chamber of Commerce at the Clubhouse at Trilogy at Power Ranch.
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McCain
Sep 19, 2009 — East Valley Tribune
McCain's critique of Democrats' health plans. "In terms of health care, the mandated requirement will kill small businesses," said Gary Nielsen, who operates his own financial services business. Margo Treece, co-owner of a physical therapy firm, also said reforms are likely to increase costs for small businesses but will not provide additional income to health care practitioners. "It's important to choose ways to help the poor without putting the burden on small businesses," she...
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Kirkpatrick forum crowd subdued
Sep 5, 2009 — The Arizona Daily Sun
...of Medicare, Medicaid, veterans' care and mail delivery at the post office, why should it take over health care? Kirkpatrick responded that she was "skeptical of government," and that "I think we really need to scour the Medicare system and look for fraud and abuse." OTHER AUDIENCE QUESTIONS: QUESTION: How will a government-run health care system not result in rationing? KIRKPATRICK: There will be no rationing. QUESTION: What about a...
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200, most in favor of public plan, attend health-care forum near UA
Aug 23, 2009 — The Arizona Daily Star
Kyrsten Sinema said she expected. She left little to chance: All comments and questions had to be submitted in advance on signed forms. Organized groups supporting health-care reform recruited attendees. She is uninsured. "An affordable health-care option is what I'm looking for," she said.