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A Land of Laws: Why Monitoring State
and Federal Legislation Is Critical
A LexisNexis®
White Paper
o Mark
ongly
segment of the U.S. economy. “No man’s life, liberty or
property are safe while the Legislature is in session” is
a maxim that’s usually but perhaps wr attributed
t Twain. Whoever said it couldn’t have been
more precise with the aim of his wit. State legislatures
tions
Spanish bullfig
Overview
Scandals, disasters and tragedies invariably make
headlines. Some days, the coveted space “above the
fold” in a newspaper or Web browser might report a
special or unusual event (excluding “man bites dog,” so
far) or developments in an ongoing drama. Occasionally,
you get a story about some quirky aspect of life—the
current state of hting1
, for example—which
is meant to draw you deeper into the news, because
that’s where all the advertising resides.
Unless it has to do with some seismic shift in public
policy, proposed legislation seldom gets front-page
treatment. You might find a story buried in the back
pages of the business section. But even there, if you find
it, you should probably take notice. If passed, that law
and its attendant regula 2
could have a significant
impact on you or the future of your organization.
Always the Twain Shall Meet
Legislation is an inescapable fact of life. So, too, is
the impact of measures that affect virtually every
3
contribute substantially to more than 170,000 measures
considered across the country each year. Roughly
30,000 of those will become law.
A Land of Laws: Why Monitoring State and Federal Legislation Is Critical
Highlights
• Proposed legislation seldom gets front-page
treatment, but it can have a significant impact
on businesses and organizations.
• State legislatures contribute substantially to
more than 170,000 measures considered across
the country each year. Roughly 30,000 of those
will become law.
• Determining which measures will affect your
bottom line can be a challenge.
• When you track and gain insight on legislative
activity, you are better able to take action
affecting the legislative process, as well as
prepare for impending costs and other changes.
• Monitoring the large volume of legislation isn’t
easy. Full-text searching on government websites
may yield a significant number of irrelevant hits.
Variations in terminology and codes related to
legislation can complicate the process.
• On the plus side, new legislation also can result
in business opportunities.
• In addition, affordable resources are available to
help you quickly identify, assess and respond to
legislative activity.
expected to reach $65 billion by the year 2020
Standard
& Poor’s
A major challenge for individuals and organizations is
determining which of the thousands of measures
introduced will actually affect their bottom lines. It’s a
certainty that some of them will.
For example, the Dodd-Frank Wall Street Reform and
Consumer Protection Act, passed by Congress in the wake
of the Great Recession, could cost the nation’s largest banks
$22 billion to $34 billion annually, according to
®4
. Elsewhere, the public and private costs of
complying with the federal Clean Air Act Amendments of
1990 are 5
.
And that figure includes only direct compliance costs, such
as capital expenditures for pollution control equipment.
Indirect costs, such as lost productivity and missed
business opportunities, push that number much higher.
In addition, regulations based on enacted measures
often impose costs and include provisions for substantial
noncompliance penalties.
Keeping an Eye on Lawmakers Is Essential
Tracking legislation enables organizations to limit their
exposure to such costs. With early notification of
emerging measures, organizations can have an impact
on the legislative process well before those measures
become law and related rules are adopted.
Indeed, legislatures have considerable latitude in
addressing the concerns of those likely to be affected by
their deliberations. Lawmakers can even decide not to
consider a particular bill. It is primarily for this reason
that billions are spent each year lobbying Congress and
state legislatures.
Tracking can also be beneficial for organizations that
don’t actively engage in lobbying. Active monitoring
allows organizations more time to prepare for impending
changes and the various costs that will be incurred.
Although lawmakers generally provide a grace period to
comply with new laws, early warning provides additional
time for smoother adaptation to mandated changes.
The Challenges of Monitoring Legislation
For all the reasons why monitoring legislation is so critical,
there’s another hard truth: it isn’t easy to do. Here’s why.
The sheer volume of relevant legislative information
is an initial barrier. Consider that a single moderately
active state, such as Pennsylvania, introduces roughly
5,000 measures every two years. Amendments to
those measures as they move through the legislative
process generate another 1,000 unique bill versions.
That translates to nearly 30,000 pages of text that
an organization or company would need to scan to
determine if any of the bills might impact its business in
the state. The workload would be even greater for those
with operations or interests in multiple states.
There is also considerable variation in how states and the
federal government make legislative information available
through their websites. Most sites allow full-text searching
to identify legislation containing keywords and phrases;
however, that approach frequently yields irrelevant “hits.”
Among the 50 state legislatures, 30 different terms are
used for automated cash machines, for example. Failing
to enter the proper search terms makes the prospect
of missing critical information—and additional effort
required to screen out the extraneous information—a
safe bet.
Thousands of state bills are introduced and enacted each year.
The figures above are for the first six-and-a-half months of 2014.
Source: LexisNexis®
State Net®
A Land of Laws: Why Monitoring State and Federal Legislation Is Critical
expected to reach $65 billion by the year 2020
Standard
& Poor’s
A major challenge for individuals and organizations is
determining which of the thousands of measures
introduced will actually affect their bottom lines. It’s a
certainty that some of them will.
For example, the Dodd-Frank Wall Street Reform and
Consumer Protection Act, passed by Congress in the wake
of the Great Recession, could cost the nation’s largest banks
$22 billion to $34 billion annually, according to
®4
. Elsewhere, the public and private costs of
complying with the federal Clean Air Act Amendments of
1990 are 5
.
And that figure includes only direct compliance costs, such
as capital expenditures for pollution control equipment.
Indirect costs, such as lost productivity and missed
business opportunities, push that number much higher.
In addition, regulations based on enacted measures
often impose costs and include provisions for substantial
noncompliance penalties.
Keeping an Eye on Lawmakers Is Essential
Tracking legislation enables organizations to limit their
exposure to such costs. With early notification of
emerging measures, organizations can have an impact
on the legislative process well before those measures
become law and related rules are adopted.
Indeed, legislatures have considerable latitude in
addressing the concerns of those likely to be affected by
their deliberations. Lawmakers can even decide not to
consider a particular bill. It is primarily for this reason
that billions are spent each year lobbying Congress and
state legislatures.
Tracking can also be beneficial for organizations that
don’t actively engage in lobbying. Active monitoring
allows organizations more time to prepare for impending
changes and the various costs that will be incurred.
Although lawmakers generally provide a grace period to
comply with new laws, early warning provides additional
time for smoother adaptation to mandated changes.
The Challenges of Monitoring Legislation
For all the reasons why monitoring legislation is so critical,
there’s another hard truth: it isn’t easy to do. Here’s why.
The sheer volume of relevant legislative information
is an initial barrier. Consider that a single moderately
active state, such as Pennsylvania, introduces roughly
5,000 measures every two years. Amendments to
those measures as they move through the legislative
process generate another 1,000 unique bill versions.
That translates to nearly 30,000 pages of text that
an organization or company would need to scan to
determine if any of the bills might impact its business in
the state. The workload would be even greater for those
with operations or interests in multiple states.
There is also considerable variation in how states and the
federal government make legislative information available
through their websites. Most sites allow full-text searching
to identify legislation containing keywords and phrases;
however, that approach frequently yields irrelevant “hits.”
Among the 50 state legislatures, 30 different terms are
used for automated cash machines, for example. Failing
to enter the proper search terms makes the prospect
of missing critical information—and additional effort
required to screen out the extraneous information—a
safe bet.
Thousands of state bills are introduced and enacted each year.
The figures above are for the first six-and-a-half months of 2014.
Source: LexisNexis®
State Net®
A Land of Laws: Why Monitoring State and Federal Legislation Is Critical
expected to reach $65 billion by the year 2020
Standard
& Poor’s
A major challenge for individuals and organizations is
determining which of the thousands of measures
introduced will actually affect their bottom lines. It’s a
certainty that some of them will.
For example, the Dodd-Frank Wall Street Reform and
Consumer Protection Act, passed by Congress in the wake
of the Great Recession, could cost the nation’s largest banks
$22 billion to $34 billion annually, according to
®4
. Elsewhere, the public and private costs of
complying with the federal Clean Air Act Amendments of
1990 are 5
.
And that figure includes only direct compliance costs, such
as capital expenditures for pollution control equipment.
Indirect costs, such as lost productivity and missed
business opportunities, push that number much higher.
In addition, regulations based on enacted measures
often impose costs and include provisions for substantial
noncompliance penalties.
Keeping an Eye on Lawmakers Is Essential
Tracking legislation enables organizations to limit their
exposure to such costs. With early notification of
emerging measures, organizations can have an impact
on the legislative process well before those measures
become law and related rules are adopted.
Indeed, legislatures have considerable latitude in
addressing the concerns of those likely to be affected by
their deliberations. Lawmakers can even decide not to
consider a particular bill. It is primarily for this reason
that billions are spent each year lobbying Congress and
state legislatures.
Tracking can also be beneficial for organizations that
don’t actively engage in lobbying. Active monitoring
allows organizations more time to prepare for impending
changes and the various costs that will be incurred.
Although lawmakers generally provide a grace period to
comply with new laws, early warning provides additional
time for smoother adaptation to mandated changes.
The Challenges of Monitoring Legislation
For all the reasons why monitoring legislation is so critical,
there’s another hard truth: it isn’t easy to do. Here’s why.
The sheer volume of relevant legislative information
is an initial barrier. Consider that a single moderately
active state, such as Pennsylvania, introduces roughly
5,000 measures every two years. Amendments to
those measures as they move through the legislative
process generate another 1,000 unique bill versions.
That translates to nearly 30,000 pages of text that
an organization or company would need to scan to
determine if any of the bills might impact its business in
the state. The workload would be even greater for those
with operations or interests in multiple states.
There is also considerable variation in how states and the
federal government make legislative information available
through their websites. Most sites allow full-text searching
to identify legislation containing keywords and phrases;
however, that approach frequently yields irrelevant “hits.”
Among the 50 state legislatures, 30 different terms are
used for automated cash machines, for example. Failing
to enter the proper search terms makes the prospect
of missing critical information—and additional effort
required to screen out the extraneous information—a
safe bet.
Thousands of state bills are introduced and enacted each year.
The figures above are for the first six-and-a-half months of 2014.
Source: LexisNexis®
State Net®
A Land of Laws: Why Monitoring State and Federal Legislation Is Critical
expected to reach $65 billion by the year 2020
Standard
& Poor’s
A major challenge for individuals and organizations is
determining which of the thousands of measures
introduced will actually affect their bottom lines. It’s a
certainty that some of them will.
For example, the Dodd-Frank Wall Street Reform and
Consumer Protection Act, passed by Congress in the wake
of the Great Recession, could cost the nation’s largest banks
$22 billion to $34 billion annually, according to
®4
. Elsewhere, the public and private costs of
complying with the federal Clean Air Act Amendments of
1990 are 5
.
And that figure includes only direct compliance costs, such
as capital expenditures for pollution control equipment.
Indirect costs, such as lost productivity and missed
business opportunities, push that number much higher.
In addition, regulations based on enacted measures
often impose costs and include provisions for substantial
noncompliance penalties.
Keeping an Eye on Lawmakers Is Essential
Tracking legislation enables organizations to limit their
exposure to such costs. With early notification of
emerging measures, organizations can have an impact
on the legislative process well before those measures
become law and related rules are adopted.
Indeed, legislatures have considerable latitude in
addressing the concerns of those likely to be affected by
their deliberations. Lawmakers can even decide not to
consider a particular bill. It is primarily for this reason
that billions are spent each year lobbying Congress and
state legislatures.
Tracking can also be beneficial for organizations that
don’t actively engage in lobbying. Active monitoring
allows organizations more time to prepare for impending
changes and the various costs that will be incurred.
Although lawmakers generally provide a grace period to
comply with new laws, early warning provides additional
time for smoother adaptation to mandated changes.
The Challenges of Monitoring Legislation
For all the reasons why monitoring legislation is so critical,
there’s another hard truth: it isn’t easy to do. Here’s why.
The sheer volume of relevant legislative information
is an initial barrier. Consider that a single moderately
active state, such as Pennsylvania, introduces roughly
5,000 measures every two years. Amendments to
those measures as they move through the legislative
process generate another 1,000 unique bill versions.
That translates to nearly 30,000 pages of text that
an organization or company would need to scan to
determine if any of the bills might impact its business in
the state. The workload would be even greater for those
with operations or interests in multiple states.
There is also considerable variation in how states and the
federal government make legislative information available
through their websites. Most sites allow full-text searching
to identify legislation containing keywords and phrases;
however, that approach frequently yields irrelevant “hits.”
Among the 50 state legislatures, 30 different terms are
used for automated cash machines, for example. Failing
to enter the proper search terms makes the prospect
of missing critical information—and additional effort
required to screen out the extraneous information—a
safe bet.
Thousands of state bills are introduced and enacted each year.
The figures above are for the first six-and-a-half months of 2014.
Source: LexisNexis®
State Net®
A Land of Laws: Why Monitoring State and Federal Legislation Is Critical
expected to reach $65 billion by the year 2020
Standard
& Poor’s
A major challenge for individuals and organizations is
determining which of the thousands of measures
introduced will actually affect their bottom lines. It’s a
certainty that some of them will.
For example, the Dodd-Frank Wall Street Reform and
Consumer Protection Act, passed by Congress in the wake
of the Great Recession, could cost the nation’s largest banks
$22 billion to $34 billion annually, according to
®4
. Elsewhere, the public and private costs of
complying with the federal Clean Air Act Amendments of
1990 are 5
.
And that figure includes only direct compliance costs, such
as capital expenditures for pollution control equipment.
Indirect costs, such as lost productivity and missed
business opportunities, push that number much higher.
In addition, regulations based on enacted measures
often impose costs and include provisions for substantial
noncompliance penalties.
Keeping an Eye on Lawmakers Is Essential
Tracking legislation enables organizations to limit their
exposure to such costs. With early notification of
emerging measures, organizations can have an impact
on the legislative process well before those measures
become law and related rules are adopted.
Indeed, legislatures have considerable latitude in
addressing the concerns of those likely to be affected by
their deliberations. Lawmakers can even decide not to
consider a particular bill. It is primarily for this reason
that billions are spent each year lobbying Congress and
state legislatures.
Tracking can also be beneficial for organizations that
don’t actively engage in lobbying. Active monitoring
allows organizations more time to prepare for impending
changes and the various costs that will be incurred.
Although lawmakers generally provide a grace period to
comply with new laws, early warning provides additional
time for smoother adaptation to mandated changes.
The Challenges of Monitoring Legislation
For all the reasons why monitoring legislation is so critical,
there’s another hard truth: it isn’t easy to do. Here’s why.
The sheer volume of relevant legislative information
is an initial barrier. Consider that a single moderately
active state, such as Pennsylvania, introduces roughly
5,000 measures every two years. Amendments to
those measures as they move through the legislative
process generate another 1,000 unique bill versions.
That translates to nearly 30,000 pages of text that
an organization or company would need to scan to
determine if any of the bills might impact its business in
the state. The workload would be even greater for those
with operations or interests in multiple states.
There is also considerable variation in how states and the
federal government make legislative information available
through their websites. Most sites allow full-text searching
to identify legislation containing keywords and phrases;
however, that approach frequently yields irrelevant “hits.”
Among the 50 state legislatures, 30 different terms are
used for automated cash machines, for example. Failing
to enter the proper search terms makes the prospect
of missing critical information—and additional effort
required to screen out the extraneous information—a
safe bet.
Thousands of state bills are introduced and enacted each year.
The figures above are for the first six-and-a-half months of 2014.
Source: LexisNexis®
State Net®
A Land of Laws: Why Monitoring State and Federal Legislation Is Critical
Issue Introduced Enacted
Agriculture 3,940 819
Business & Corporations 23,439 4,213
Chemicals & Pharmaceuticals 4,132 831
Communications & Records 26,130 5,710
Consumer Issues 3,971 750
Education 20,638 3,072
Energy 5,133 724
Environment 7,457 1,267
Financial Institutions & Svcs 7,180 1,444
Food & Beverage 4,534 860
Health & Human Services 40,133 7,458
Insurance 8,390 1,650
Labor & Employment 17,318 2,828
Law & Justice 39,178 6,631
Politics & Government 50,923 9,520
Real Estate & Construction 16,671 2,771
Recreation & The Arts 8,254 1,605
Resource Management 9,175 1,669
Tax—Misc. 5,703 571
Transportation 15,514 2,568
Utilities & Appliances 6,054 1,011
Special Measures 49,413 22,210
50-State Bill Volume by Issue
Year-to-date as of mid-July 2014
www.lexisnexis.com/statenet
www.thisisreallaw.com
Missouri
Hawaii State Legislature
New Mexico Legislature
Finally, there are peculiarities in the many ways that
states report legislative information. For example:
• The official website of the 6
uses various codes for each individual status action.
In order to obtain and understand the meaning for
each action code, you would need to look up each
code individually on the actions abbreviations list.
• The 7
uses non-standardized
language in the reporting of its status actions. The
variation in wording complicates the process of
tracking bills.
• 8
has separate websites for each chamber of
its legislature. One site is often better than the other
for obtaining certain information.
Conclusion … and the Good News
Monitoring legislative activity can be a challenge, but it’s
not impossible to do. Moreover, as with regulations, a
benefit that tends to be overlooked is the potential for
business opportunities associated with ever-changing
mandates. Compliance consulting is a prime example.
The industry has grown rapidly in recent years as
companies have sought assistance with meeting their
legal requirements.
There are also resources available to make monitoring
legislation practical and affordable. That enables
organizations to adopt a forward-looking view of what’s
going on in state capitols and at the federal level—so they
can quickly identify, assess and respond to legislative
activity that’s critical to them.
Staying on top of legislative activity
To explore information on LexisNexis®
resources
for monitoring state and federal legislation, visit
.
LexisNexis®
State Net®
, the essential online legislative
and regulatory intelligence and tracking application for
the 50 States and Congress, provides proprietary search
tools, hands-on issue screening, convenient tracking,
automatic notification, communication tools and one-
click access to an expanding library of unique content
and resources.
For more topics that are transforming the legal industry,
visit .
This document is for educational purposes only and does not guarantee the functionality or features of LexisNexis
products identified. LexisNexis does not warrant this document is complete or error-free. If written by a third party,
the opinions may not represent the opinions of LexisNexis. Based on information available as of July 2014.
www.lexisnexis.com/statenet
www.thisisreallaw.com
Missouri
Hawaii State Legislature
New Mexico Legislature
Finally, there are peculiarities in the many ways that
states report legislative information. For example:
• The official website of the 6
uses various codes for each individual status action.
In order to obtain and understand the meaning for
each action code, you would need to look up each
code individually on the actions abbreviations list.
• The 7
uses non-standardized
language in the reporting of its status actions. The
variation in wording complicates the process of
tracking bills.
• 8
has separate websites for each chamber of
its legislature. One site is often better than the other
for obtaining certain information.
Conclusion … and the Good News
Monitoring legislative activity can be a challenge, but it’s
not impossible to do. Moreover, as with regulations, a
benefit that tends to be overlooked is the potential for
business opportunities associated with ever-changing
mandates. Compliance consulting is a prime example.
The industry has grown rapidly in recent years as
companies have sought assistance with meeting their
legal requirements.
There are also resources available to make monitoring
legislation practical and affordable. That enables
organizations to adopt a forward-looking view of what’s
going on in state capitols and at the federal level—so they
can quickly identify, assess and respond to legislative
activity that’s critical to them.
Staying on top of legislative activity
To explore information on LexisNexis®
resources
for monitoring state and federal legislation, visit
.
LexisNexis®
State Net®
, the essential online legislative
and regulatory intelligence and tracking application for
the 50 States and Congress, provides proprietary search
tools, hands-on issue screening, convenient tracking,
automatic notification, communication tools and one-
click access to an expanding library of unique content
and resources.
For more topics that are transforming the legal industry,
visit .
This document is for educational purposes only and does not guarantee the functionality or features of LexisNexis
products identified. LexisNexis does not warrant this document is complete or error-free. If written by a third party,
the opinions may not represent the opinions of LexisNexis. Based on information available as of July 2014.
LexisNexis and the Knowledge Burst logo are registered trademarks of Reed Elsevier Properties Inc., used under license. State Net is a registered trademark of LexisNexis, a division of Reed Elsevier Inc.
Other products or services may be trademarks or registered trademarks of their respective companies. © 2014 LexisNexis. All rights reserved. STN01024-1 0914
1 “Bullfighting in Spain struggling amid financial crisis,” Anthony Faiola, The Washington Post®
,
June 22, 2013, www.washingtonpost.com.
2 “Part 1 of 2—The Game of Rules: Why Monitoring Government Regulations is Essential,”
www.thisisreallaw.com.
3 http://en.wikipedia.org/wiki/Gideon_J._Tucker as of July 2013; also see Respectfully Quoted: A
Dictionary of Quotations Requested from the Congressional Research Service, Washington D.C., Library
of Congress,1989; Bartleby.com, 2003, www.bartleby.com/73/.
4 “Two Years On, Reassessing The Cost Of Dodd-Frank For The Largest U.S. Banks,” August 9, 2012,
www.standardandpoors.com.
5 “The Benefits and Costs of the Clean Air Act from 1990 to 2020,” U.S. Environmental Protection Agency,
Office of Air and Radiation, March 2011.
6 www.nmlegis.gov.
7 www.capitol.hawaii.gov.
8 www.moga.mo.gov.
Finally, there are peculiarities in the many ways that
states report legislative information. For example:
• 	 The official website of the New Mexico Legislature6
uses various codes for each individual status action.
In order to obtain and understand the meaning for
each action code, you would need to look up each
code individually on the actions abbreviations list.
• 	The Hawaii State Legislature7
uses non-standardized
language in the reporting of its status actions. The
variation in wording complicates the process of
tracking bills.
• 	Missouri8
has separate websites for each chamber
of its legislature. One site is often better than the
other for obtaining certain information.
Conclusion … and the Good News
Monitoring legislative activity can be a challenge, but it’s
not impossible to do. Moreover, as with regulations, a
benefit that tends to be overlooked is the potential for
business opportunities associated with ever-changing
mandates. Compliance consulting is a prime example.
The industry has grown rapidly in recent years as
companies have sought assistance with meeting their
legal requirements.
There are also resources available to make monitoring
legislation practical and affordable. That enables
organizations to adopt a forward-looking view of what’s
going on in state capitols and at the federal level—so they
can quickly identify, assess and respond to legislative
activity that’s critical to them.
Staying on top of legislative activity
To explore information on LexisNexis®
resources
for monitoring state and federal legislation, visit
www.lexisnexis.com/statenet.
LexisNexis®
State Net®
, the essential online legislative and
regulatory intelligence and tracking application for the 50
States and Congress, provides proprietary search tools,
hands-on issue screening, convenient tracking, automatic
notification, communication tools and one-click access to
an expanding library of unique content and resources.
For more topics that are transforming the legal industry,
visit www.thisisreallaw.com.

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White papers legislation

  • 1. A Land of Laws: Why Monitoring State and Federal Legislation Is Critical A LexisNexis® White Paper
  • 2. o Mark ongly segment of the U.S. economy. “No man’s life, liberty or property are safe while the Legislature is in session” is a maxim that’s usually but perhaps wr attributed t Twain. Whoever said it couldn’t have been more precise with the aim of his wit. State legislatures tions Spanish bullfig Overview Scandals, disasters and tragedies invariably make headlines. Some days, the coveted space “above the fold” in a newspaper or Web browser might report a special or unusual event (excluding “man bites dog,” so far) or developments in an ongoing drama. Occasionally, you get a story about some quirky aspect of life—the current state of hting1 , for example—which is meant to draw you deeper into the news, because that’s where all the advertising resides. Unless it has to do with some seismic shift in public policy, proposed legislation seldom gets front-page treatment. You might find a story buried in the back pages of the business section. But even there, if you find it, you should probably take notice. If passed, that law and its attendant regula 2 could have a significant impact on you or the future of your organization. Always the Twain Shall Meet Legislation is an inescapable fact of life. So, too, is the impact of measures that affect virtually every 3 contribute substantially to more than 170,000 measures considered across the country each year. Roughly 30,000 of those will become law. A Land of Laws: Why Monitoring State and Federal Legislation Is Critical Highlights • Proposed legislation seldom gets front-page treatment, but it can have a significant impact on businesses and organizations. • State legislatures contribute substantially to more than 170,000 measures considered across the country each year. Roughly 30,000 of those will become law. • Determining which measures will affect your bottom line can be a challenge. • When you track and gain insight on legislative activity, you are better able to take action affecting the legislative process, as well as prepare for impending costs and other changes. • Monitoring the large volume of legislation isn’t easy. Full-text searching on government websites may yield a significant number of irrelevant hits. Variations in terminology and codes related to legislation can complicate the process. • On the plus side, new legislation also can result in business opportunities. • In addition, affordable resources are available to help you quickly identify, assess and respond to legislative activity.
  • 3. expected to reach $65 billion by the year 2020 Standard & Poor’s A major challenge for individuals and organizations is determining which of the thousands of measures introduced will actually affect their bottom lines. It’s a certainty that some of them will. For example, the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress in the wake of the Great Recession, could cost the nation’s largest banks $22 billion to $34 billion annually, according to ®4 . Elsewhere, the public and private costs of complying with the federal Clean Air Act Amendments of 1990 are 5 . And that figure includes only direct compliance costs, such as capital expenditures for pollution control equipment. Indirect costs, such as lost productivity and missed business opportunities, push that number much higher. In addition, regulations based on enacted measures often impose costs and include provisions for substantial noncompliance penalties. Keeping an Eye on Lawmakers Is Essential Tracking legislation enables organizations to limit their exposure to such costs. With early notification of emerging measures, organizations can have an impact on the legislative process well before those measures become law and related rules are adopted. Indeed, legislatures have considerable latitude in addressing the concerns of those likely to be affected by their deliberations. Lawmakers can even decide not to consider a particular bill. It is primarily for this reason that billions are spent each year lobbying Congress and state legislatures. Tracking can also be beneficial for organizations that don’t actively engage in lobbying. Active monitoring allows organizations more time to prepare for impending changes and the various costs that will be incurred. Although lawmakers generally provide a grace period to comply with new laws, early warning provides additional time for smoother adaptation to mandated changes. The Challenges of Monitoring Legislation For all the reasons why monitoring legislation is so critical, there’s another hard truth: it isn’t easy to do. Here’s why. The sheer volume of relevant legislative information is an initial barrier. Consider that a single moderately active state, such as Pennsylvania, introduces roughly 5,000 measures every two years. Amendments to those measures as they move through the legislative process generate another 1,000 unique bill versions. That translates to nearly 30,000 pages of text that an organization or company would need to scan to determine if any of the bills might impact its business in the state. The workload would be even greater for those with operations or interests in multiple states. There is also considerable variation in how states and the federal government make legislative information available through their websites. Most sites allow full-text searching to identify legislation containing keywords and phrases; however, that approach frequently yields irrelevant “hits.” Among the 50 state legislatures, 30 different terms are used for automated cash machines, for example. Failing to enter the proper search terms makes the prospect of missing critical information—and additional effort required to screen out the extraneous information—a safe bet. Thousands of state bills are introduced and enacted each year. The figures above are for the first six-and-a-half months of 2014. Source: LexisNexis® State Net® A Land of Laws: Why Monitoring State and Federal Legislation Is Critical expected to reach $65 billion by the year 2020 Standard & Poor’s A major challenge for individuals and organizations is determining which of the thousands of measures introduced will actually affect their bottom lines. It’s a certainty that some of them will. For example, the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress in the wake of the Great Recession, could cost the nation’s largest banks $22 billion to $34 billion annually, according to ®4 . Elsewhere, the public and private costs of complying with the federal Clean Air Act Amendments of 1990 are 5 . And that figure includes only direct compliance costs, such as capital expenditures for pollution control equipment. Indirect costs, such as lost productivity and missed business opportunities, push that number much higher. In addition, regulations based on enacted measures often impose costs and include provisions for substantial noncompliance penalties. Keeping an Eye on Lawmakers Is Essential Tracking legislation enables organizations to limit their exposure to such costs. With early notification of emerging measures, organizations can have an impact on the legislative process well before those measures become law and related rules are adopted. Indeed, legislatures have considerable latitude in addressing the concerns of those likely to be affected by their deliberations. Lawmakers can even decide not to consider a particular bill. It is primarily for this reason that billions are spent each year lobbying Congress and state legislatures. Tracking can also be beneficial for organizations that don’t actively engage in lobbying. Active monitoring allows organizations more time to prepare for impending changes and the various costs that will be incurred. Although lawmakers generally provide a grace period to comply with new laws, early warning provides additional time for smoother adaptation to mandated changes. The Challenges of Monitoring Legislation For all the reasons why monitoring legislation is so critical, there’s another hard truth: it isn’t easy to do. Here’s why. The sheer volume of relevant legislative information is an initial barrier. Consider that a single moderately active state, such as Pennsylvania, introduces roughly 5,000 measures every two years. Amendments to those measures as they move through the legislative process generate another 1,000 unique bill versions. That translates to nearly 30,000 pages of text that an organization or company would need to scan to determine if any of the bills might impact its business in the state. The workload would be even greater for those with operations or interests in multiple states. There is also considerable variation in how states and the federal government make legislative information available through their websites. Most sites allow full-text searching to identify legislation containing keywords and phrases; however, that approach frequently yields irrelevant “hits.” Among the 50 state legislatures, 30 different terms are used for automated cash machines, for example. Failing to enter the proper search terms makes the prospect of missing critical information—and additional effort required to screen out the extraneous information—a safe bet. Thousands of state bills are introduced and enacted each year. The figures above are for the first six-and-a-half months of 2014. Source: LexisNexis® State Net® A Land of Laws: Why Monitoring State and Federal Legislation Is Critical expected to reach $65 billion by the year 2020 Standard & Poor’s A major challenge for individuals and organizations is determining which of the thousands of measures introduced will actually affect their bottom lines. It’s a certainty that some of them will. For example, the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress in the wake of the Great Recession, could cost the nation’s largest banks $22 billion to $34 billion annually, according to ®4 . Elsewhere, the public and private costs of complying with the federal Clean Air Act Amendments of 1990 are 5 . And that figure includes only direct compliance costs, such as capital expenditures for pollution control equipment. Indirect costs, such as lost productivity and missed business opportunities, push that number much higher. In addition, regulations based on enacted measures often impose costs and include provisions for substantial noncompliance penalties. Keeping an Eye on Lawmakers Is Essential Tracking legislation enables organizations to limit their exposure to such costs. With early notification of emerging measures, organizations can have an impact on the legislative process well before those measures become law and related rules are adopted. Indeed, legislatures have considerable latitude in addressing the concerns of those likely to be affected by their deliberations. Lawmakers can even decide not to consider a particular bill. It is primarily for this reason that billions are spent each year lobbying Congress and state legislatures. Tracking can also be beneficial for organizations that don’t actively engage in lobbying. Active monitoring allows organizations more time to prepare for impending changes and the various costs that will be incurred. Although lawmakers generally provide a grace period to comply with new laws, early warning provides additional time for smoother adaptation to mandated changes. The Challenges of Monitoring Legislation For all the reasons why monitoring legislation is so critical, there’s another hard truth: it isn’t easy to do. Here’s why. The sheer volume of relevant legislative information is an initial barrier. Consider that a single moderately active state, such as Pennsylvania, introduces roughly 5,000 measures every two years. Amendments to those measures as they move through the legislative process generate another 1,000 unique bill versions. That translates to nearly 30,000 pages of text that an organization or company would need to scan to determine if any of the bills might impact its business in the state. The workload would be even greater for those with operations or interests in multiple states. There is also considerable variation in how states and the federal government make legislative information available through their websites. Most sites allow full-text searching to identify legislation containing keywords and phrases; however, that approach frequently yields irrelevant “hits.” Among the 50 state legislatures, 30 different terms are used for automated cash machines, for example. Failing to enter the proper search terms makes the prospect of missing critical information—and additional effort required to screen out the extraneous information—a safe bet. Thousands of state bills are introduced and enacted each year. The figures above are for the first six-and-a-half months of 2014. Source: LexisNexis® State Net® A Land of Laws: Why Monitoring State and Federal Legislation Is Critical expected to reach $65 billion by the year 2020 Standard & Poor’s A major challenge for individuals and organizations is determining which of the thousands of measures introduced will actually affect their bottom lines. It’s a certainty that some of them will. For example, the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress in the wake of the Great Recession, could cost the nation’s largest banks $22 billion to $34 billion annually, according to ®4 . Elsewhere, the public and private costs of complying with the federal Clean Air Act Amendments of 1990 are 5 . And that figure includes only direct compliance costs, such as capital expenditures for pollution control equipment. Indirect costs, such as lost productivity and missed business opportunities, push that number much higher. In addition, regulations based on enacted measures often impose costs and include provisions for substantial noncompliance penalties. Keeping an Eye on Lawmakers Is Essential Tracking legislation enables organizations to limit their exposure to such costs. With early notification of emerging measures, organizations can have an impact on the legislative process well before those measures become law and related rules are adopted. Indeed, legislatures have considerable latitude in addressing the concerns of those likely to be affected by their deliberations. Lawmakers can even decide not to consider a particular bill. It is primarily for this reason that billions are spent each year lobbying Congress and state legislatures. Tracking can also be beneficial for organizations that don’t actively engage in lobbying. Active monitoring allows organizations more time to prepare for impending changes and the various costs that will be incurred. Although lawmakers generally provide a grace period to comply with new laws, early warning provides additional time for smoother adaptation to mandated changes. The Challenges of Monitoring Legislation For all the reasons why monitoring legislation is so critical, there’s another hard truth: it isn’t easy to do. Here’s why. The sheer volume of relevant legislative information is an initial barrier. Consider that a single moderately active state, such as Pennsylvania, introduces roughly 5,000 measures every two years. Amendments to those measures as they move through the legislative process generate another 1,000 unique bill versions. That translates to nearly 30,000 pages of text that an organization or company would need to scan to determine if any of the bills might impact its business in the state. The workload would be even greater for those with operations or interests in multiple states. There is also considerable variation in how states and the federal government make legislative information available through their websites. Most sites allow full-text searching to identify legislation containing keywords and phrases; however, that approach frequently yields irrelevant “hits.” Among the 50 state legislatures, 30 different terms are used for automated cash machines, for example. Failing to enter the proper search terms makes the prospect of missing critical information—and additional effort required to screen out the extraneous information—a safe bet. Thousands of state bills are introduced and enacted each year. The figures above are for the first six-and-a-half months of 2014. Source: LexisNexis® State Net® A Land of Laws: Why Monitoring State and Federal Legislation Is Critical expected to reach $65 billion by the year 2020 Standard & Poor’s A major challenge for individuals and organizations is determining which of the thousands of measures introduced will actually affect their bottom lines. It’s a certainty that some of them will. For example, the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed by Congress in the wake of the Great Recession, could cost the nation’s largest banks $22 billion to $34 billion annually, according to ®4 . Elsewhere, the public and private costs of complying with the federal Clean Air Act Amendments of 1990 are 5 . And that figure includes only direct compliance costs, such as capital expenditures for pollution control equipment. Indirect costs, such as lost productivity and missed business opportunities, push that number much higher. In addition, regulations based on enacted measures often impose costs and include provisions for substantial noncompliance penalties. Keeping an Eye on Lawmakers Is Essential Tracking legislation enables organizations to limit their exposure to such costs. With early notification of emerging measures, organizations can have an impact on the legislative process well before those measures become law and related rules are adopted. Indeed, legislatures have considerable latitude in addressing the concerns of those likely to be affected by their deliberations. Lawmakers can even decide not to consider a particular bill. It is primarily for this reason that billions are spent each year lobbying Congress and state legislatures. Tracking can also be beneficial for organizations that don’t actively engage in lobbying. Active monitoring allows organizations more time to prepare for impending changes and the various costs that will be incurred. Although lawmakers generally provide a grace period to comply with new laws, early warning provides additional time for smoother adaptation to mandated changes. The Challenges of Monitoring Legislation For all the reasons why monitoring legislation is so critical, there’s another hard truth: it isn’t easy to do. Here’s why. The sheer volume of relevant legislative information is an initial barrier. Consider that a single moderately active state, such as Pennsylvania, introduces roughly 5,000 measures every two years. Amendments to those measures as they move through the legislative process generate another 1,000 unique bill versions. That translates to nearly 30,000 pages of text that an organization or company would need to scan to determine if any of the bills might impact its business in the state. The workload would be even greater for those with operations or interests in multiple states. There is also considerable variation in how states and the federal government make legislative information available through their websites. Most sites allow full-text searching to identify legislation containing keywords and phrases; however, that approach frequently yields irrelevant “hits.” Among the 50 state legislatures, 30 different terms are used for automated cash machines, for example. Failing to enter the proper search terms makes the prospect of missing critical information—and additional effort required to screen out the extraneous information—a safe bet. Thousands of state bills are introduced and enacted each year. The figures above are for the first six-and-a-half months of 2014. Source: LexisNexis® State Net® A Land of Laws: Why Monitoring State and Federal Legislation Is Critical Issue Introduced Enacted Agriculture 3,940 819 Business & Corporations 23,439 4,213 Chemicals & Pharmaceuticals 4,132 831 Communications & Records 26,130 5,710 Consumer Issues 3,971 750 Education 20,638 3,072 Energy 5,133 724 Environment 7,457 1,267 Financial Institutions & Svcs 7,180 1,444 Food & Beverage 4,534 860 Health & Human Services 40,133 7,458 Insurance 8,390 1,650 Labor & Employment 17,318 2,828 Law & Justice 39,178 6,631 Politics & Government 50,923 9,520 Real Estate & Construction 16,671 2,771 Recreation & The Arts 8,254 1,605 Resource Management 9,175 1,669 Tax—Misc. 5,703 571 Transportation 15,514 2,568 Utilities & Appliances 6,054 1,011 Special Measures 49,413 22,210 50-State Bill Volume by Issue Year-to-date as of mid-July 2014
  • 4. www.lexisnexis.com/statenet www.thisisreallaw.com Missouri Hawaii State Legislature New Mexico Legislature Finally, there are peculiarities in the many ways that states report legislative information. For example: • The official website of the 6 uses various codes for each individual status action. In order to obtain and understand the meaning for each action code, you would need to look up each code individually on the actions abbreviations list. • The 7 uses non-standardized language in the reporting of its status actions. The variation in wording complicates the process of tracking bills. • 8 has separate websites for each chamber of its legislature. One site is often better than the other for obtaining certain information. Conclusion … and the Good News Monitoring legislative activity can be a challenge, but it’s not impossible to do. Moreover, as with regulations, a benefit that tends to be overlooked is the potential for business opportunities associated with ever-changing mandates. Compliance consulting is a prime example. The industry has grown rapidly in recent years as companies have sought assistance with meeting their legal requirements. There are also resources available to make monitoring legislation practical and affordable. That enables organizations to adopt a forward-looking view of what’s going on in state capitols and at the federal level—so they can quickly identify, assess and respond to legislative activity that’s critical to them. Staying on top of legislative activity To explore information on LexisNexis® resources for monitoring state and federal legislation, visit . LexisNexis® State Net® , the essential online legislative and regulatory intelligence and tracking application for the 50 States and Congress, provides proprietary search tools, hands-on issue screening, convenient tracking, automatic notification, communication tools and one- click access to an expanding library of unique content and resources. For more topics that are transforming the legal industry, visit . This document is for educational purposes only and does not guarantee the functionality or features of LexisNexis products identified. LexisNexis does not warrant this document is complete or error-free. If written by a third party, the opinions may not represent the opinions of LexisNexis. Based on information available as of July 2014. www.lexisnexis.com/statenet www.thisisreallaw.com Missouri Hawaii State Legislature New Mexico Legislature Finally, there are peculiarities in the many ways that states report legislative information. For example: • The official website of the 6 uses various codes for each individual status action. In order to obtain and understand the meaning for each action code, you would need to look up each code individually on the actions abbreviations list. • The 7 uses non-standardized language in the reporting of its status actions. The variation in wording complicates the process of tracking bills. • 8 has separate websites for each chamber of its legislature. One site is often better than the other for obtaining certain information. Conclusion … and the Good News Monitoring legislative activity can be a challenge, but it’s not impossible to do. Moreover, as with regulations, a benefit that tends to be overlooked is the potential for business opportunities associated with ever-changing mandates. Compliance consulting is a prime example. The industry has grown rapidly in recent years as companies have sought assistance with meeting their legal requirements. There are also resources available to make monitoring legislation practical and affordable. That enables organizations to adopt a forward-looking view of what’s going on in state capitols and at the federal level—so they can quickly identify, assess and respond to legislative activity that’s critical to them. Staying on top of legislative activity To explore information on LexisNexis® resources for monitoring state and federal legislation, visit . LexisNexis® State Net® , the essential online legislative and regulatory intelligence and tracking application for the 50 States and Congress, provides proprietary search tools, hands-on issue screening, convenient tracking, automatic notification, communication tools and one- click access to an expanding library of unique content and resources. For more topics that are transforming the legal industry, visit . This document is for educational purposes only and does not guarantee the functionality or features of LexisNexis products identified. LexisNexis does not warrant this document is complete or error-free. If written by a third party, the opinions may not represent the opinions of LexisNexis. Based on information available as of July 2014. LexisNexis and the Knowledge Burst logo are registered trademarks of Reed Elsevier Properties Inc., used under license. State Net is a registered trademark of LexisNexis, a division of Reed Elsevier Inc. Other products or services may be trademarks or registered trademarks of their respective companies. © 2014 LexisNexis. All rights reserved. STN01024-1 0914 1 “Bullfighting in Spain struggling amid financial crisis,” Anthony Faiola, The Washington Post® , June 22, 2013, www.washingtonpost.com. 2 “Part 1 of 2—The Game of Rules: Why Monitoring Government Regulations is Essential,” www.thisisreallaw.com. 3 http://en.wikipedia.org/wiki/Gideon_J._Tucker as of July 2013; also see Respectfully Quoted: A Dictionary of Quotations Requested from the Congressional Research Service, Washington D.C., Library of Congress,1989; Bartleby.com, 2003, www.bartleby.com/73/. 4 “Two Years On, Reassessing The Cost Of Dodd-Frank For The Largest U.S. Banks,” August 9, 2012, www.standardandpoors.com. 5 “The Benefits and Costs of the Clean Air Act from 1990 to 2020,” U.S. Environmental Protection Agency, Office of Air and Radiation, March 2011. 6 www.nmlegis.gov. 7 www.capitol.hawaii.gov. 8 www.moga.mo.gov. Finally, there are peculiarities in the many ways that states report legislative information. For example: • The official website of the New Mexico Legislature6 uses various codes for each individual status action. In order to obtain and understand the meaning for each action code, you would need to look up each code individually on the actions abbreviations list. • The Hawaii State Legislature7 uses non-standardized language in the reporting of its status actions. The variation in wording complicates the process of tracking bills. • Missouri8 has separate websites for each chamber of its legislature. One site is often better than the other for obtaining certain information. Conclusion … and the Good News Monitoring legislative activity can be a challenge, but it’s not impossible to do. Moreover, as with regulations, a benefit that tends to be overlooked is the potential for business opportunities associated with ever-changing mandates. Compliance consulting is a prime example. The industry has grown rapidly in recent years as companies have sought assistance with meeting their legal requirements. There are also resources available to make monitoring legislation practical and affordable. That enables organizations to adopt a forward-looking view of what’s going on in state capitols and at the federal level—so they can quickly identify, assess and respond to legislative activity that’s critical to them. Staying on top of legislative activity To explore information on LexisNexis® resources for monitoring state and federal legislation, visit www.lexisnexis.com/statenet. LexisNexis® State Net® , the essential online legislative and regulatory intelligence and tracking application for the 50 States and Congress, provides proprietary search tools, hands-on issue screening, convenient tracking, automatic notification, communication tools and one-click access to an expanding library of unique content and resources. For more topics that are transforming the legal industry, visit www.thisisreallaw.com.