As we previously discussed and in alignment with the U.S. Treasury Department’s previous announcement, on March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule that dramatically...more
On February 27, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced a suspension of enforcement actions related to the Corporate Transparency Act (“CTA”). This announcement means that reporting companies are...more
3/7/2025
/ Beneficial Owner ,
Compliance ,
Corporate Counsel ,
Corporate Transparency Act ,
Enforcement Actions ,
Filing Deadlines ,
FinCEN ,
Proposed Rules ,
Regulatory Requirements ,
Reporting Requirements ,
U.S. Treasury
As we previously discussed, on January 7, 2025, the U.S. District Court for the Eastern District of Texas issued a nationwide injunction delaying the implementation of the Corporate Transparency Act’s (“CTA”) reporting...more
Driven by the demand for AI-ready cloud infrastructure, the market cap for global data center construction, currently valued at more than $250 billion, is set to double in less than ten years, reaching half a trillion dollars...more
2/7/2025
/ Contract Terms ,
Data Centers ,
Data Security ,
Energy Consumption ,
Energy Costs ,
Energy Sector ,
Infrastructure ,
Licenses ,
Popular ,
Regulatory Requirements ,
Risk Management ,
Service Level Agreements ,
Software
On January 13, 2025, Texas Attorney General Ken Paxton (“Texas AG”) filed the first-ever enforcement action under the Texas Data Privacy and Security Act (“TDPSA”) against insurance company Allstate and its subsidiary, Arity...more
2/5/2025
/ Compliance ,
Consent ,
Consumer Privacy Rights ,
Data Collection ,
Data Privacy ,
Data Protection ,
Enforcement Actions ,
Geolocation ,
Insurance Industry ,
Personal Data ,
Privacy Laws ,
State Attorneys General ,
State Privacy Laws ,
Texas
On November 7, 2024, the Transportation Security Administration (the “TSA”) published a Notice of Proposed Rulemaking (the “Proposed Rule”) that would mandate cyber risk management (“CRM”) and reporting requirements for...more
2/4/2025
/ Compliance ,
Critical Infrastructure Sectors ,
Cyber Incident Reporting ,
Cybersecurity ,
Cybersecurity Information Sharing Act (CISA) ,
Financial Oversight and Management Board (Oversight Board) ,
NPRM ,
Proposed Rules ,
Regulatory Agenda ,
Reporting Requirements ,
Risk Management ,
Surface Transportation ,
TSA
On January 23, 2025, the Supreme Court granted the government’s motion to stay a nationwide injunction that was issued by a Texas federal judge in the case Texas Top Cop Shop, Inc. v. McHenry. As we discussed previously,...more
1/29/2025
/ Anti-Money Laundering ,
Appeals ,
Beneficial Owner ,
Corporate Transparency Act ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Financial Crimes ,
FinCEN ,
Injunctions ,
Reporting Requirements ,
SCOTUS
On January 13, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued its Framework for Artificial Intelligence Diffusion, an Interim Final Rule revising the Export Administration Regulations...more
1/24/2025
/ Artificial Intelligence ,
Bureau of Industry and Security (BIS) ,
Compliance ,
Export Administration Regulations (EAR) ,
Export Controls ,
Final Rules ,
Licenses ,
Microchip Technology ,
National Security ,
Regulatory Requirements ,
Semiconductors ,
Supply Chain ,
Technology Sector
On January 14, 2025, President Joe Biden issued an executive order aimed at advancing U.S. leadership in AI infrastructure (the “Order”). This directive seeks to address the growing strategic importance of artificial...more
1/15/2025
/ Artificial Intelligence ,
Biden Administration ,
Clean Energy ,
Data Centers ,
Department of Defense (DOD) ,
Department of Energy (DOE) ,
Energy Consumption ,
Energy Sector ,
Executive Orders ,
Infrastructure ,
National Security ,
Regulatory Agenda ,
Renewable Energy
The incoming Trump administration is expected to make several policy changes likely to impact tech transactions. President-elect Donald Trump has promised to reduce regulation and cut federal bureaucracy, which he says have...more
1/9/2025
/ America First Trade Policy ,
Antitrust Division ,
Antitrust Provisions ,
Artificial Intelligence ,
Bias ,
Buy American Act ,
Censorship ,
Competition ,
Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) ,
Cybersecurity ,
Cybersecurity Information Sharing Act (CISA) ,
Department of Justice (DOJ) ,
Emerging Technologies ,
Export Controls ,
Federal Trade Commission (FTC) ,
Mergers ,
National Security ,
Patents ,
Presidential Nominations ,
Regulatory Reform ,
Semiconductors ,
Supply Chain ,
Technology Sector ,
Trump Administration ,
USPTO ,
USTR
As we previously discussed, on December 5, 2024, the Department of Justice (“DOJ”), representing the Department of the Treasury, submitted a notice of appeal to the U.S. Court of Appeals for the Fifth Circuit, challenging a...more
As we previously discussed, on December 3, 2024, Judge Amos Mazzant of the U.S. District Court for the Eastern District of Texas issued a memorandum opinion and order granting a nationwide preliminary injunction against the...more
On Tuesday, December 3, 2024, Judge Amos Mazzant of the U.S. District Court for the Eastern District of Texas issued a memorandum opinion and order granting a nationwide preliminary injunction against the Corporate...more
The Financial Crimes Enforcement Network (“FinCEN”) has announced temporary relief measures for reporting companies affected by recent hurricanes in the Southeast, providing additional time to comply with Beneficial Ownership...more
On February 28, 2024, President Joe Biden issued a landmark Executive Order titled “Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern” (the...more
In a key development relating to the Corporate Transparency Act (the “CTA”), on March 1, 2024, U.S. District Judge Liles C. Burke of the Northern District of Alabama issued a memorandum opinion and final judgment ruling the...more
The Corporate Transparency Act (the “CTA”), a new federal law, went into effect on January 1, 2024 (see our update and summary here). In the weeks since, the Financial Crimes Enforcement Network (“FinCEN”) has continued to...more
The Corporate Transparency Act (the “CTA”), a new federal law, went into effect on January 1, 2024. The CTA requires that certain entities file Beneficial Ownership Information Reports (“BOI Reports”) with the Financial...more