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Bush’s End-of-Term Rule-Making: Immigration and E-Verify

In its final days, the Bush Administration is pushing out new regulations which will mean fines ($500-$1000 per unverified employee) for companies that contract with the U.S. Government.  The rule is designed to ensure that all companies contracting with the U.S. government hire legal workers.  It is effective beginning January 15, 2009.

To comply with this rule, companies must electronically verify that all employees currently working on government contracts are legal.  Additionally, every new hire must be run through the DHS e-verify system.  
Register for the free DHS two hour seminar on E-Verify here.
Read a shorter news alert about implications for your clients who could be subject to this rule here.

Bank Failure, the FDIC, and your IOLTA Account

The Texas Bar homepage is linking to a memo about the heightened and ongoing importance of monitoring client trust accounts.  Check it out for a refresher on how your clients’ individual accounts relate to their money in your trust account under FDIC federal insurance rules.   Also, find the answers to common questions like:

Q. Do I have to do anything special to ensure my client trust account is treated as a fiduciary account for FDIC insurance purposes, or does it automatically qualify?
Q. Should I warn Client A that he may not be fully insured?
Q. With all the economic problems with banks, can I establish my trust account at a
credit union?
Read the memo here.
Read basic FDIC insurance information here.

Lawdable Quotes: Abraham Lincoln

Let every man remember that to violate the law is to trample on the blood of his father, and to tear that charter of his own and his children’s liberty.

      ~Abraham Lincoln

Lawdable Quotes: Sophocles

Nobody has a more sacred obligation to obey the law than those who make the law.
~ Sophocles