Overview - On Monday, 11 March 2024, the Biden administration released the president’s budget request (PBR) for fiscal year 2025 (FY2025), as well as the “Greenbook” containing explanations of the various revenue proposals in...more
3/25/2024
/ Biden Administration ,
Capital Gains ,
Excise Tax ,
Federal Budget ,
GILTI tax ,
Green Book ,
Inflation Reduction Act (IRA) ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Incentives ,
Tax Policy
Introduction - On Wednesday, 6 March 2024, the Securities and Exchange Commission (SEC) approved its highly anticipated final rules on “The Enhancement and Standardization of Climate-Related Disclosures for Investors” by a...more
3/7/2024
/ Asset Management ,
Board of Directors ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Final Rules ,
Greenhouse Gas Emissions ,
Investors ,
Regulatory Oversight ,
Risk Mitigation ,
Securities and Exchange Commission (SEC)
Introduction - The Corporate Sustainability Due Diligence Directive (CS3D or Directive) is a mandatory framework of rules for companies that operate in the European Union (EU) and exceed certain revenue and employee...more
Introduction - On 7 October 2023, California Governor Gavin Newsom signed into law landmark legislation mandating corporate climate and climate-related financial risk disclosures. Together, SB 253 and SB 261 apply to public...more
On 31 October 2023, the Department of Labor (DOL) unveiled its proposed “Retirement Security Rule” (Proposed Rule) redefining who is an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA)....more
ESG Activity in the House Financial Services Committee (HFSC) - Prior to departing for the August recess, Chairman Patrick McHenry (R-NC) wrapped up the month-long series of hearings considering digital assets and...more
On 2 November 2022, the U.S. Securities and Exchange Commission (SEC) voted 3–2, along party lines, to adopt a final rule and form amendments (together, the Final Rule) that would require additional disclosure on Form N-PX...more
The 2022 midterm elections produced modest, but perhaps still significant, changes to Congress. Democrats outperformed in many parts of the country, significantly stemming the tide of the “red wave” many analysts were...more
Changes on the Horizon - The 2022 midterm elections took place on Tuesday 9 November. Following a turbulent campaign season, Republicans are positioned to regain control of the House by a slimmer margin than originally...more
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has had a very active regulatory agenda that has invited a lot of controversy due to both its ambitious scope and the speed of implementation. While there are...more
The Biden administration has prioritized environmental, social, and governance (ESG) risks to capital markets, particularly climate-related financial risks (discussed in our previous alert, Biden Administration ESG Activity...more
3/25/2022
/ Biden Administration ,
Climate Change ,
Comment Period ,
Corporate Governance ,
Disclosure Requirements ,
Greenhouse Gas Emissions ,
Proposed Rules ,
Regulation S-K ,
Regulation S-X ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
INTRODUCTION - In her keynote remarks at COP26 during the Finance Day Opening Event, Treasury Secretary Janet Yellen discussed the Financial Stability Council’s (FSOC) historic Report on Climate-related Financial Risk...more
Since the publication of this alert, the United States Court of Appeals for the Fifth Circuit granted an emergency motion to stay enforcement of OSHA’s Emergency Temporary Standard, finding there is “cause to believe there...more
The Supreme Court issued its much-anticipated opinion in California v. Texas regarding the constitutionality of the Affordable Care Act (ACA), rejecting the third major challenge to the law. The Supreme Court held in a 7–2...more
On 20 May 2021, President Biden announced an Executive Order to help “tackle the climate emergency,” a top priority for his Administration.1 The Executive Order builds upon the Securities and Exchange Commission’s (SEC or...more
The Securities and Exchange Commission (SEC or the Commission) has announced a series of initiatives reorienting the Commission’s agenda to focus on environmental, social, and governance (ESG) issues. In particular, the...more
The need for a new sustainability reporting framework - On 21 April 2021, the European Commission (the Commission) adopted the Sustainable Finance Package (the Package). The Package is comprised of an ambitious set of policy...more
In this episode, Health Care partner Rebecca Schaefer interviews Karishma Page, partner of the firm’s Public Policy and Law practice group, on what is likely to be coming down the pike in the health care policy landscape of...more
2/18/2021
/ Biden Administration ,
Coronavirus/COVID-19 ,
Executive Orders ,
Federal Funding ,
Health Care Providers ,
Hospitals ,
Legislative Agendas ,
Medical Centers ,
Physicians ,
Regulatory Agenda ,
Relief Measures ,
Research Funding ,
Rulemaking Process
The Department of Labor (DOL) Employee Benefits Security Administration (EBSA) recently finalized a series of rules viewed as key Trump administration priorities. The rules include: Prohibited Transaction Exemption 2020-02,...more
After several months of halting negotiations, Congress passed the Consolidated Appropriations Act, 2021 (the Act) late in the evening on December 21, 2020. The Act includes omnibus appropriations language to fund the...more
The Biden-Harris transition is in full swing. President-elect Biden has started announcing Cabinet positions, and key staff and agency teams are soliciting input as they work feverishly to put together personnel, policies,...more
12/3/2020
/ Appropriation ,
Biden Administration ,
Climate Change ,
Coronavirus/COVID-19 ,
Infrastructure ,
Joe Biden ,
NDAA ,
Nominations ,
Presidential Elections ,
Public Policy ,
Transitional Arrangements
On 20 November 2020, the Centers for Medicare and Medicaid Services (CMS) and the Department of Health and Human Services (HHS) Office of Inspector General finalized several rules from President Trump’s health care agenda...more
Updated: 11 November, 12:00 P.M. ET - On 7 November 2020, following several days of uncertainty while ballots were being counted in several states, former Vice President Joe Biden was projected to be the 46th President of the...more
SENATE OUTCOMES WILL SHAPE THE BIDEN TAX AGENDA - The waiting is over and Joe Biden is the declared winner of the presidential election. Because both Senate races in Georgia have gone to run-offs we won’t know until January...more
Updated: 4 November, 12:06 P.M. ET - The polls have closed in the United States for the 2020 election, but the battle for the White House and control of the Senate remains undecided as key states continue to count an...more