News & Analysis as of


SEC 2018 Examination Priorities Match Chairman Clayton’s Priorities as Reflected in the Agency’s Budget Request

by Dechert LLP on

This year’s examination priorities of the Office of Compliance Inspections and Examinations (OCIE) of the U.S. Securities and Exchange Commission (SEC) were announced on February 6, 2018, and cover five broad, albeit...more

The President’s Budget and Shifting Policy on Prescription Drugs

On February 12, the Trump administration released the President’s Budget (or “the Budget”), outlining spending priorities for FY 2019. The Budget—though an important annual milestone and barometer of the administration’s...more

Massachusetts Outlook: The Remainder of the 2017-2018 Legislative Session

With the end of the 2017-2018 legislative cycle fast approaching, Beacon Hill’s agenda for the coming months has begun to take shape. All major policymaking will need to be concluded by the end of formal sessions on July 31,...more

President Trump Sets Cybersecurity Funding Goals In Budget Proposal

by King & Spalding on

On February 12, 2018, President Trump released a budget proposal for fiscal year 2019 that includes requests for cybersecurity-related funding for the Department of Defense (“DOD”), Department of Homeland Security (“DHS”),...more

Funding Healthcare: A Tale of Two Budgets

by Morgan Lewis on

While the president’s budget proposal for fiscal year 2019 reflects the administration’s aspirational policy priorities, its uneasy pairing with the Bipartisan Budget Act of 2018, which increases funding for many US...more

President’s FY 2019 Budget Would Give TTB Criminal Authority over Alcohol

by McDermott Will & Emery on

Earlier this week the Trump Administration presented its Fiscal Year 2019 Budget Proposal. While many portions of a president’s proposed budget do not get enacted, such proposals provide insight into the thinking of the...more

White House Releases Fiscal Year 2019 Budget (Plus an Infrastructure Proposal)

Fiscal Year 2019 Budget - The White House has unveiled President Trump’s budget proposal for Fiscal Year 2019, entitled Efficient, Effective, Accountable: An American Budget. The Administration has worked for...more

Additional Rum Cover Over for Puerto Rico and the US Virgin Islands Approved in 2018 Budget Legislation

by McDermott Will & Emery on

On February 9, 2018, both houses of Congress approved the “Bipartisan Budget Act of 2018,” complex legislation that includes important modifications to an arcane law known as the “rum cover over,” which is an important...more

Congressional Leaders Announce Two Year Budget Deal - Votes Still Needed This Week to Avert Government Shutdown

With just one day left before the expiration of the current continuing resolution (CR) that is currently funding federal agencies, House and Senate leaders have announced a two year budget agreement that breaks the spending...more

Budget Impasse Leaves Funding for Expired Health Programs in Limbo

by Morgan Lewis on

The uncertainty in several Medicare and Medicaid funding issues could cause confusion for patients and providers, and potentially hinder access to care. ...more

2017 Legislative Summary (Part Two): The Budget “Implementer” And Its Effect On Connecticut’s Schools And Public Employers.

In 2017, our firm published a summary of new legislation affecting Connecticut’s schools and public sector employers. However, the 2017 “regular session” of the Connecticut General Assembly was not the final word. Due to the...more

ML Strategies Outlook for 2018

With the start of a new year, Congress returns to Washington for the second session of the 115th Congress, while President Trump readies for his first State of the Union on January 30, 2018. The legislative agenda for the...more

Orrick's Financial Industry Week In Review

FHFA Updates Progress on Fannie Mae and Freddie Mac Credit Risk Transfer Programs - On November 22, 2017, the Federal Housing Finance Agency ("FHFA") issued a status report on credit risk transfer transactions done in...more

Draft Italian Budget Law Promotes Sports Arena Refurbishment

by McDermott Will & Emery on

The Italian Government confirmed its willingness to promote the renovation of sports-related assets in the draft budget law currently pending parliamentary approval. The final budget law is expected to contain further efforts...more

Lessons Learned: Website Redesign (Part 2)

by McManis Faulkner on

The decision is made: your firm is going to dive in - create a new website or redesign your existing one. I hope you had a chance to read my teammate Amanda Peth’s blog Lessons Learned: Website Redesign (Part 1) about when...more

Fall Legislative Sessions Commence; Attorney General Certifies Ballot Questions

Massachusetts lawmakers have returned from summer recess and are preparing to tackle a robust legislative agenda this fall. Legislators will meet formally through the third Wednesday in November, at which point formal...more

NC Legislative Update: June 2017 #4

by Nexsen Pruet, PLLC on

This Week - Lawmakers finished a busy week last Thursday, aiming to adjourn the 2017 long session before the 4th of July. Legislative leaders began the week with a press conference to highlight the Conference Report for...more

Update on Illinois Legislative Session

by McDermott Will & Emery on

On May 31, the Illinois General Assembly closed its regular legislative session, without a budget agreement. Senate Bill 9 - As we previously reported, the Senate passed a modified version of Senate Bill 9 (Bill), a tax...more

FY2018 Massachusetts Budget Update: Final Senate Budget

On May 25, 2017, the Massachusetts Senate unanimously approved a $40.84 billion FY2018 budget by a 38-0 roll call vote. Over three days of debate, Senators considered 1,031 amendments to the budget proposed by the Ways and...more

NC Legislative Update: June 2017

by Nexsen Pruet, PLLC on

This Week - Lawmakers returned to Raleigh Monday morning with the intention of beginning the budget reconciliation effort through the Conference Committee process. However, the U.S. Supreme Court temporarily altered that...more

NC Legislative Update: May 2017 #4

by Nexsen Pruet, PLLC on

This Week - The week began Monday morning with the U.S. Supreme Court upholding a lower court’s decision that 2 of North Carolina’s 13 congressional districts, under maps drawn in 2011, were unconstitutional due to the...more

Energy Technology Connections Newsletter: Your Law Firm Link to Industry News - May 2017

by Mintz Levin on

A Note from the Editors - Our May edition of Energy Technology Connections brings you recent industry highlights and features a list of upcoming energy industry events throughout the nation. In Event Highlights, we feature...more

Analysis of Energy and Tax Proposals in the 2018 Budget Proposal

by McDermott Will & Emery on

President Trump released his budget proposal for the 2018 FY on May 23, 2017, expanding on the budget blueprint he released in March. The budget proposal and blueprint reiterate the President’s tax reform proposals to lower...more

NC Legislative Update: May 2017 #2

by Nexsen Pruet, PLLC on

This Week - The Senate budget dominated the NCGA this week. Senate leadership released their spending proposal late in the evening on Tuesday and held Committees throughout the day on Wednesday before second reading on...more

News from Second and State

Weekly Wrap - All was quiet on the Capitol front this week with neither the House of Representatives nor the Senate in Harrisburg for session. However, things will get busier for the General Assembly as we move into May...more

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