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Pillsbury Winthrop Shaw Pittman LLP

California Governor Releases 2025 Budget Proposal to Move Banks and Financial Corporations to Single-Sales-Factor Apportionment

The proposal includes a shift to a single-sales-factor apportionment for financial institutions, aiming to increase tax revenue starting in tax year 2025....more

Alston & Bird

Look Ahead to the Week of February 18: Senate Continues Budget Work

Alston & Bird on

The Senate is in session this week, but the House is in recess. It is anticipated that the Senate may begin floor work on its budget resolution this week, culminating in a “vote-a-rama,” which is a series of votes on...more

Foley Hoag LLP - Cannabis and the Law

Governor Shapiro and Legislators Revive Push for Adult-Use Cannabis in Pennsylvania

Is this the year that Pennsylvania finally legalizes adult-use cannabis? While some battle-scarred skeptics remain, there is fresh optimism in the Commonwealth with both the Governor and several key legislators pushing for...more

Groom Law Group, Chartered

This Week From the Hill (February 16 – February 22, 2025)

Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more

Baker Botts L.L.P.

P2N0 - Edition 25 - News and Views on the Drive Towards Net-Zero GHG Emissions

Baker Botts L.L.P. on

Welcome to Edition 24 of P2N0 covering the drive to reduce greenhouse gas (GHG) emissions to net-zero (NZE). Wishing you a belated Happy and Prosperous Year of the Snake. P2N0 identifies significant news items globally,...more

Troutman Pepper Locke

Trump Pauses FCPA Enforcement: Implications for Corporate Compliance Strategies

Troutman Pepper Locke on

On February 10, President Donald J. Trump signed an executive order and accompanying fact sheet directing U.S. Attorney General (AG) Pam Bondi to pause the initiation of new investigations and enforcement actions, and to...more

Spilman Thomas & Battle, PLLC

The Dome Report: New Beginnings for the West Virginia Legislature in 2025, Issue 1

The West Virginia Legislature started its 60-day regular session on February 12, 2025 with a new Governor, new Senate President, and radically new process for considering legislation in the House. In addition, with the...more

Snell & Wilmer

President Trump Issues Executive Order Addressing Second Amendment Rights

Snell & Wilmer on

On February 7, 2025, President Trump issued an executive order directing the Attorney General to review and propose actions to address the right to keep and bear arms, which he called “an indispensable safeguard of security...more

Snell & Wilmer

Trump Issues Executive Order for Deregulation

Snell & Wilmer on

President Donald J. Trump, in December 2017, discussed the number of regulations eliminated in his first Administration’s “far-reaching regulatory reform,” known as the “two-for-one rule.” Eleven months earlier, Trump had...more

Troutman Pepper Locke

Court Issues “Pause” in NTEU Lawsuit Against CFPB

Troutman Pepper Locke on

As discussed here, on February 9, the National Treasury Employees Union (NTEU), which includes members employed by the Consumer Financial Protection Bureau (CFPB or Bureau), filed a lawsuit in the District Court for the...more

DLA Piper

President Trump Announces Plan for Reciprocal Tariffs

DLA Piper on

On February 13, 2025, President Donald Trump issued a Presidential Memorandum directing a rapid review process to determine country-specific “reciprocal tariffs” for all US trading partners based on each partner’s perceived...more

Ballard Spahr LLP

City of Baltimore and National Treasury Employees Union file separate suits to keep the CFPB funded and operating

Ballard Spahr LLP on

Accusing the CFPB of planning to use its funding mechanism to abolish the agency, the mayor and the city council of Baltimore (the “City of Baltimore”) and the Economic Action Maryland Fund (the “Economic Fund”), a nonprofit...more

Carlton Fields

President Trump Issues Executive Order Pausing Enforcement of FCPA: A Sea Change Moment for DOJ and SEC

Carlton Fields on

On February 10, 2025, President Trump issued Executive Order 14209, titled “Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security,” with the stated purpose of eliminating...more

Latham & Watkins LLP

President Trump Issues Executive Order to Advance “Large-Scale” Reductions in Federal Workforce

Latham & Watkins LLP on

It remains unclear the extent to which the order will impact agencies like FDA. On February 11, 2025, as part of an ongoing effort to reduce the size of the federal workforce, President Trump issued an executive order titled...more

Maynard Nexsen

2025 Alabama Legislative Update: Regular Session

Maynard Nexsen on

VA Leadership - This week, the Senate carried over legislation sponsored by Senator Andrew Jones that aims to restructure the leadership of the Alabama Department of Veterans Affairs. Specifically, the bill proposes...more

Orrick, Herrington & Sutcliffe LLP

Fourteen state attorneys general sue Trump Administration, Elon Musk, challenging constitutionality of DOGE authority

On February 13, fourteen state attorneys general (AGs) filed a complaint in the U.S. District Court for the District of Columbia challenging the authority of DOGE and its head, Elon Musk, to take actions across the federal...more

Winthrop & Weinstine, P.A.

Legislative Top 5 - February 2025 #2

This past week was the first full week that all legislators were present and working in St. Paul. The House of Representatives has been playing catch-up, quickly introducing 786 bills over just three days on the floor. While...more

Brownstein Hyatt Farber Schreck

An Appropriate Valentine: House and Senate Stake Budget Positions

Republicans in Congress this week continue to discuss ways to move forward President Trump’s legislative agenda through budget reconciliation. The House and Senate Budget committees passed budget resolutions that completely...more

Perkins Coie

Trump Reinstates and Expands Steel and Aluminum Tariffs

Perkins Coie on

On February 10 and 11, 2025, President Donald Trump issued two presidential proclamations—Adjusting Imports of Steel into The United States and Adjusting Imports of Aluminum into The United States—that fully reinstated and...more

DLA Piper

President Trump’s DEI Executive Orders: Recent Developments for Employers to Know

DLA Piper on

Following President Donald Trump’s January 21, 2025 Executive Order (EO) titled, “Ending Illegal Discrimination and Restoring Merit-Based Opportunity,” recent federal developments may impact how companies approach their...more

Orrick, Herrington & Sutcliffe LLP

Brian Quintenz nominated to be CFTC Chairman

On February 11, the White House nominated Brian Quintenz to replace Caroline Pham as Chairman of the CFTC. He previously worked as the Head of Policy at a venture capital fund that invests in cryptoassets. Quintenz previously...more

Vedder Price

Treasury Secretary Bessent Taps Rodney E. Hood to Lead the OCC

Vedder Price on

On February 10, 2025, Rodney E. Hood, the former Chairman of the National Credit Union Administration (“NCUA”), assumed the role of First Deputy Comptroller at the Office of the Comptroller of the Currency (the “OCC”). By...more

Seyfarth Shaw LLP

The Federal Funding Freeze and its Effect on Health Equity Programs

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A string of executive orders and an OMB memorandum from the Trump Administration left the status of almost all federal funding in a state of limbo. In particular, funding from the National Institutes of Health and for Health...more

Dentons

Iowa 2025 Legislative Session – Week 5

Dentons on

Week 5 of the 2025 Iowa Legislative Session closed with the first major deadline of the year. Individual legislators had until Friday, February 14, to request bills and joint resolution drafts to the Legislative Services...more

Brownstein Hyatt Farber Schreck

President Trump Issues Reciprocal Tariff Memorandum

On Feb. 13, President Donald Trump issued a memorandum directing the Secretary of Commerce and U.S. Trade Representative (USTR) to review all tariffs imposed on U.S. exports as well as other non-tariff trade barriers that...more

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