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Plain Meaning Of Statute Restricts Competition

Client Alert | less than 1 min read | 02.02.06

In Crane & Co. (Jan. 18, 2006, http://www.gao.gov/decisions/bidpro/297398.pdf), GAO held that the plain language of a 1916 statute limiting to four years contracts for “distinctive currency paper” precluded the Bureau of Engraving and Printing (“BEP”) from encouraging competition by issuing an RFP for four years of production following a two-year “mobilization” period to allow new entrants to make required investments and amortize that investment over the production term of the contract. Recognizing that BEP was attempting to respond to criticisms of the absence of competition, including GAO reports, GAO held it still had to enforce the plain meaning of the statute, anti-competitive as that interpretation was, and the only remedy was for Congress to amend the statute.

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Client Alert | 4 min read | 03.25.26

NAIC Intensifies AI Regulatory Focus: What Health Insurance Payors Need to Know

The National Association of Insurance Commissioners (NAIC) is intensifying its oversight of how insurers use AI — and the pace of regulatory activity shows no signs of slowing. Over the past several months, the NAIC has published a formal Issue Brief staking out its position on federal AI legislation, launched a multistate AI Evaluation Tool pilot aimed at examining insurers’ AI governance programs, and continued to expand adoption of its AI Model Bulletin across state lines. These developments continue a trend towards enhancing regulation; the NAIC adopted AI Principles in 2020 and a Model Bulletin in 2023 clarifying that existing insurance laws apply to AI systems and establishing expectations for governance, documentation, testing, and third-party oversight. That Model Bulletin has now been adopted in approximately 24 states....

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