House passes Red Flags Program Clarification Act Print
Written by Sandra Greenblatt, Esq.   
Thursday, 09 December 2010 00:00

Is it time to celebrate the New Year?  On 12/8, the U.S. House of Representatives passed S. 3987, the "Red Flag Program Clarification Act of 2010"-legislation that limits the type of creditor that must comply with the "red flags" rule and  appears to permanently exempt physicians. Because the U.S. Senate unanimously passed the bill on Nov. 30, it is being sent to the White House where President Obama is expected to sign it into law before the Jan. 1, 2011, deadline.   Assuming the President signs the legislation, providers would still have to wait for the FTC's blessing before uncorking the bubbly.  For more information click here:  

A Red Flag Reprieve for Health Care Providers? The Door Remains Open Pending Federal Agency Action

Update 12.22.10 - The President has signed the legislation. We await the FTC's interpretation.

About the author:  Ms. Greenblatt is a Board Certified Health Law Attorney practicing in Miami.

Last Updated on Sunday, 02 January 2011 17:44