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CFIUS Releases First-Ever Penalty and Enforcement Guidelines

The Committee on Foreign Investment in the United States ("CFIUS") has released its first-ever enforcement and penalty guidelines—putting industry on notice and inviting self-disclosures....more

U.S. Government Issues Sweeping Controls Relating to Semiconductors, Advanced Computing, and China

In Short - The Situation: On October 7, 2022, the U.S. government announced new regulations aimed at restricting China's ability to manufacture advanced semiconductors, obtain advanced computing chips, and develop and...more

New Biden Executive Order Aims to Set Focus of Future CFIUS National Security Reviews

On September 15, 2022, President Biden issued an EO "elaborating and expanding" upon the factors CFIUS must consider as part of its national security review process. Although the EO does not change the formal CFIUS process or...more

Commerce Releases CHIPS Act Strategy

On September 6, 2022, the U.S. Department of Commerce ("Commerce") released its implementation strategy for the Creating Helpful Incentives to Produce Semiconductors ("CHIPS") for America Fund, outlining how Commerce will...more

CFIUS Annual Report Sheds Light on Key Transaction Review Trends

In Short - The Situation: In early August 2022, the Department of the Treasury's Committee on Foreign Investment in the United States ("CFIUS" or "the Committee") released its new annual report. ...more

Impact of Global Sanctions Regimes Relating to Russia, Ukraine, and Belarus

As a response to the Russian invasion of Ukraine starting in late February 2022, Australia, the European Union, Japan, the United Kingdom, the United States, and many other countries have progressively imposed increasingly...more

EU Competition Enforcers Permit "Necessary and Temporary" Cooperation to Mitigate Disruption from Ukrainian Conflict

The European Competition Network ("ECN") issued a policy statement indicating that member agencies will not intervene in legitimate, cooperative efforts to address disruptions caused by the conflict in Ukraine and related...more

Ninth Circuit Approves California's Net Neutrality Law, Shifts Focus to FCC

In 2018, the FCC deregulated broadband internet access service, repealed its 2015 net neutrality rules, and specified that these actions were intended to preempt state net neutrality laws. On appeal, the D.C. Circuit upheld...more

Biden Administration Executive Order Would Expand Regulatory Intervention in Markets Across the Economy

President Biden recently signed an Executive Order on Promoting Competition in the American Economy (the "Order") outlining 72 initiatives by more than a dozen federal agencies to combat "excessive" corporate consolidation...more

Supreme Court Rules California Cannot Force Nonprofits to Disclose Donors

The U.S. Supreme Court strikes down California law requiring charitable organizations to disclose their donors to the state. On July 1, 2021, the U.S. Supreme Court in Americans for Prosperity Foundation (AFP) v. Bonta held...more

Recent Executive Actions Represent Latest Evolution of U.S.-China Relations

President Biden's Executive Orders on China underscore the need for experienced counsel in U.S.-China transactions as the two countries' relations continue to impact the regulatory landscape. On June 9, 2021, President Biden...more

White House Calls for Federal Reforms in Long-Anticipated Cybersecurity Executive Order

President Biden's Executive Order calls for an extensive reassessment and revamping of the federal government's cybersecurity defenses and incident response capabilities, establishing benchmarks that may inform standards...more

White House Instructs Agencies to Analyze and Mitigate "Climate-Related Financial Risk"

Executive Order directs whole-of-government approach and broad regulatory effort. On May 20, 2021, President Biden issued an Executive Order ("Order") directing agencies to analyze and mitigate "climate-related financial...more

Supreme Court Rules Tax Penalty Does Not Bar Pre-Enforcement Regulatory Challenge

The Supreme Court held that a company may bring a pre-enforcement challenge under the Administrative Procedure Act ("APA") to an IRS reporting requirement backed by a tax penalty. On May 17, 2021, the U.S. Supreme Court...more

U.S. Supreme Court Delivers Procedural Win to Corporate Defendants in Climate Change Litigation

The U.S. Supreme Court held that the Fourth Circuit erred in its review of a remand order that would have kept Baltimore's climate change suit in state court. On May 17, 2021, in Mayor and City Council of Baltimore v. BP...more

White House Seeks to Raise Minimum Wage for Federal Contractors

The Situation: President Biden signed an executive order ("Minimum Wage EO" or "EO") seeking to raise the federal minimum wage for government contractor employees, beyond the statutory minimum wage provided by Congress, to...more

The Road Ahead for Net Neutrality and the First Amendment

The Situation: The Federal Communications Commission ("FCC") under President Biden is likely to revive Obama-era net neutrality rules repealed by President Trump's FCC. The Issue: Net neutrality raises First Amendment...more

CFPB Requires Debt Collectors Seeking Evictions to Provide Notice of CDC Moratorium

On April 19, 2021, the Consumer Financial Protection Bureau ("CFPB") invoked its rulemaking authority under the Fair Debt Collection Practices Act to issue an interim final rule requiring debt collectors seeking eviction for...more

Second Circuit Affirms Dismissal of New York City's Climate Suit

The Second Circuit dismissed New York City's climate suit because the Clean Air Act governs the regulation of domestic emissions and foreign concerns caution against judicial intervention in regulating foreign...more

New Unit Signals CFTC Targeting ESG Issues and Financial System's Climate Risks

The Situation: The Commodity Futures Trading Commission ("CFTC") has established a new unit dedicated to addressing climate risk in the financial system, providing yet another example of financial services regulators...more

Department of Homeland Security Seeks Additional Comments on Proposed Biometrics Rule

The Department of Homeland Security's ("DHS") approach suggests the agency will implement some form of biometric exit screening. The DHS and Customs and Border Protection ("CBP") have reopened the comment period for its...more

D.C. Circuit Puts Longstanding Defense to Employment Discrimination Claims In Doubt

D.C. Circuit calls for broadening the scope of Title VII's antidiscrimination provision. On February 19, 2021, a panel of the U.S. Court of Appeals for the D.C. Circuit urged the full court to change the standards that...more

Biden Administration Announces Moratorium on New Federal Oil and Gas Leases

The Biden administration's Executive Order on Tackling the Climate Crisis at Home and Abroad ("Executive Order") expands upon the Department of the Interior's Secretarial Order No. 3395 and indefinitely suspends the federal...more

White House Revokes Prior Administration’s Regulatory Reform Executive Orders

Executive Order directs agencies to repeal rules and policies implementing regulatory reforms. Included among the seventeen executive orders signed by President Biden on his first day in office was an order revoking six...more

The EU "Club" Gets More Exclusive: Closing The Doors On Foreign Subsidies?

Although the EU has strict rules that limit the circumstances in which Member States can subsidize companies in the EU, the rest of the world does not. The European Commission considers this difference unfair because it would...more

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