Communication, Financial Services and Interstate Commerce Committee Policies for Consideration  
 

July 28, 2011

Communcations, Financial Services and Interstate Commerce Standing Committee Policies for consideration during the NCSL 2011 Legislative Summit. This meeting to be held Monday and Tuesday, August 8 and 9 in San Antonio, Texas. 
 

COMMUNCIATIONS, FINANCIAL SERVICES AND INTERSTATE COMMERCE

The Communications, Financial Services and Interstate Commerce Committee will consider the following policies and resolutions: 

Twenty-First Century Communications:  This is a renewal of an expiring policy updated to reflect the current landscape in communications policy.  This omnibus policy outlines States’ role in the regulation and taxation of communications services.       

Banking Regulation: NCSL’s previous policy on this topic was allowed to sunset at the 2010 Legislative Summit.  This revived version, reaffirming states’ commitment to the dual-banking system, has been has updated to reflect recent regulatory landscape.

Nexus in the New Economy: Ensuring a Level Playing Field for All Commerce(Joint with Budgets and Revenue Committee): This is a renewal of an expiring policy that calls upon Congress to grant to those states that comply with the Streamlined Sales and Use Tax Agreement the authority to require sellers not meeting the small business exception to collect those states’ sales and use taxes.  This will level the playing field between sellers and allow all transactions to be treated in a competitively neutral manner. 

Insurance Regulatory Modernization: This is a renewal of an expiring policy updated to reflect the current regulatory landscape and reaffirming NCSL’s commitment to state regulation of the business of insurance.  Endorses state participation in the Interstate Insurance Product Regulation Commission (IIPRC) and Surplus Lines Insurance Multi-State Compliance Compact (SLIMPACT). 

Resolution Supporting Intellectual Property (IP) Rights and Protections to Promote Productivity, Competitiveness, Jobs, and Public Health (Joint with Law and Criminal Justice) (Action Resolution): This is a new resolution that supports efforts to ensure the Intellectual Property Enforcement Center has sufficient staff, budget, and authority to fulfill the obligations and achieve the goals outlined in the PRO-IP Act and the National IP Strategy; supports robust IP protection and enforcement provisions in trade agreements; supports a clear plan to shut down the top rogue websites globally that are willfully selling counterfeit goods and facilitating digital theft. 

NCSL Opposes Federal Contactless Technology Mandates for State Issued Identification Documents (Action Resolution): This is a renewal of an expiring resolution urging the President, Congress, and the Departments of State, Transportation, and Homeland Security to not pass law, allow for federal policy, use international organizations, or enter into international agreements that mandate or attempt to indirectly influence the use of contactless technology in state or local identity documents. 

NCSL Supports and Urges Enactment of the Main Street Fairness Act (Action Resolution) (Joint Resolution with Budgets and Revenue Committee): This is a renewal of an expiring resolution that supports the Main Street Fairness Act and calls upon members of Congress to join as co-sponsors of federal legislation that grants states collection authority.               

NCSL Opposes the State Video Tax Fairness Act (Action Resolution): This is a renewal of an expiring resolution that opposes the State Video Tax Fairness Act and calls upon the Congress to resist unjustified interference into state efforts to create a tax neutral choice for consumers. 

NCSL Supports Federal VOIP Communications Sourcing (Action Resolution):The is the renewal of an expiring resolution that supports federal legislation that would require sourcing for purposes of state and local taxation of Interconnected VoIP services to be the same as the sourcing rule for state and local taxation of wireless services as contained in the Mobile Telecommunications Sourcing Act, and the VoIP Communications Sourcing Act should not address any other tax issues. 

Resolution Supporting the Repeal of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Action Resolution):This is a new resolution that calls upon Congress to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act.