New officeholders often ask us to clarify their responsibilities when it comes to public approval of bonds and the consequences for states and their political subdivisions when they approve bonds as tax-exempt. What follows is a…
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/ Administrative Law, Elections & Politics, Taxation
The Consumer Financial Protection Bureau (CFPB) has been at the center of significant legal and operational turmoil in recent months. Ongoing litigation surrounding the CFPB’s reduction in force (RIF) will likely reshape the…
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/ Administrative Law, Consumer Protection, Finance & Banking
The United States Environmental Protection Agency (U.S. EPA) announced today that it will keep the current Maximum Contaminant Levels (MCLs) set by the National Primary Drinking Water Regulations for perfluorooctanoic acid…
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/ Administrative Law, Environmental Law, Health
On May 12, 2025, the Consumer Financial Protection Bureau (CFPB) announced the withdrawal of various guidance, interpretive rules, policy statements, and advisory opinions issued since the CFPB assumed its functions in 2011…
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/ Administrative Law, Consumer Protection, Finance & Banking
The United States Environmental Protection Agency (U.S. EPA) has issued an interim final rule that delays the reporting period for the per- and polyfluoroalkyl substances (PFAS) reporting rule under the Toxic Substances Control…
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/ Administrative Law, Environmental Law, Science, Computers, & Technology
Pursuant to Section 45.052 of the Texas Education Code, school district and charter school bonds (including refunding bonds) are eligible to be guaranteed by the corpus and income of the Permanent School Fund (PSF). If obtained,…
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/ Constitutional Law, Education Law, Finance & Banking
On January 16, 2025, the Bureau of Industry and Security (BIS) introduced significant changes to 15 CFR Part 791 focused on mitigating national security risks associated with information and communications technology and…
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/ Administrative Law, International Law & Trade, Transportation
In our last antitrust developments publication, we commented on the challenge to the new Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) final rule brought by the U.S. Chamber of Commerce and other parties in the United…
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/ Antitrust & Trade Regulation, Constitutional Law, Mergers & Acquisitions
At Frost Brown Todd’s inaugural FBT Connect™ Manufacturing event on April 8, experts opined on the regulatory impacts facing the manufacturing industry today. Jonathan Miller, partner-in-charge of Frost Brown Todd’s Washington,…
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/ Environmental Law, Labor & Employment Law, Taxation
On April 23, 2025, President Trump issued an executive order (EO) titled “Restoring Equality of Opportunity and Meritocracy,” which seeks to eliminate disparate impact liability, denouncing it as a threat to equal opportunity…
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/ Administrative Law, Civil Rights, Finance & Banking
After several quiet months for federal regulatory activity involving per- and polyfluoroalkyl substances (PFAS), on April 28, 2025, the United States Environmental Protection Agency (U.S. EPA) issued a press release that…
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/ Administrative Law, Environmental Law, Toxic Torts
Starting this June, the first tier of small business lenders will begin collecting certain data to report to the Consumer Financial Protection Bureau under Rule 1071, issued pursuant to Section 1071 of the Dodd-Frank Act. While…
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/ Administrative Law, Consumer Protection, Finance & Banking
For many reasons, companies in the U.S. have recently invested significantly in “nearshoring,” relocating supply chains to Mexico and Canada. In April, as part of the FBT Connect™ Manufacturing program hosted by Frost Brown…
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/ Commercial Law & Contracts, International Law & Trade, Transportation
Since the finalization of the IRS’s “check-the-box” entity-classification regulations nearly 30 years ago, a state law LLC can elect to be taxed an association taxable as a corporation. During the past month, we have heard that…
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/ Business Organizations, Mergers & Acquisitions, Taxation
Perhaps the most impactful public finance bill making its way through the Texas Legislature currently is House Bill 19 (HB 19). The bill is largely an amalgamation of other bills filed this session (notably, House Bill 1453 and…
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/ Elections & Politics, Finance & Banking, Taxation
