Breaking (Down) the Debt Ceiling
Will The Debt Ceiling Standoff End Up In Court?
Lat: Law Firms Must Get Big, Profitable or Lost
Weekly Brief: Lawyers Laid Off After Foreclosure Settlement
As part of the Fiscal Responsibility Act (also known as the debt ceiling bill) in June 2023, Congress made the most significant revisions to the National Environmental Policy Act (NEPA) since the statute was enacted in 1970....more
Once again, the threat of a government shutdown looms over federal contractors and grantees. If Congress does not pass a continuing resolution or other funding legislation before midnight on Saturday, agencies will lack...more
The Cozen Lens- • Members of Congress have returned to Washington with a lengthy to-do list. Most pressing is appropriations given the potential for a government shutdown at the end of this month. Lawmakers will address...more
Since 1960, Congress has raised, revised or extended the statutory debt ceiling 79 times. The United States reached its debt ceiling in January 2023, prompting a congressional showdown and sparking fears of extreme market...more
Welcome to Holland & Knight's monthly defense news update. We are excited to bring you the latest in defense policy, regulatory updates and other significant developments. ...more
The Cozen Lens- •Former President Trump and the eponymous Trumpism may still be front-and-center, but no less consequential for voters, the economy is the fate of a new eponym in the DC zeitgeist: Bidenomics. •Interest in...more
Valuations, and how a business reacts to them, directly impact a business’s ability to complete successful transactions. In the healthcare sector, compliance with federal and state laws against self-referral and kickbacks and...more
The second indictment against former President Trump this year may be the talk of the town, but has done little to change the political or governing dynamics in DC. House Speaker Kevin McCarthy (R-CA) successfully kept...more
Each month, Venable's Government Contracts Group publishes a summary of recent legal developments of interest to the government contractor community. President Signs Fiscal Responsibility Act Suspending Debt Ceiling: The...more
Legislation recently enacted to raise the federal debt ceiling (the Fiscal Responsibility Act of 2023 or FRA) includes major permitting reforms with the potential to streamline federal environmental reviews under the National...more
Deal Includes Significant New Regulatory Provisions - Days ahead of the Treasury Department’s projected default date, the U.S. House and Senate cleared a bipartisan package to raise the debt ceiling, extend the country’s...more
On June 3, 2023, President Biden signed the Fiscal Responsibility Act of 2023 (“FRA”) into law, extending the U.S. debt limit into 2025. As part of the Congressional deal, FRA also contains amendments to the National...more
Debt Limit Done. Now What? With the Fiscal Responsibility Act of 2023 in the rearview mirror, this week the U.S. Congress turned to other matters. The U.S. Senate spent the week focusing on nominations to federal agencies. ...more
President Joe Biden signed into law the Fiscal Responsibility Act of 2023 (FRA), colloquially referred to as the Debt Ceiling Bill, on June 3, 2023.[1] The legislation completes a bipartisan agreement to suspend the public...more
On June 3, President Biden signed the debt limit legislation into law, averting default and allowing Congress to return to regularly scheduled business. However, that return was short-lived in the House when a small group of...more
The Fiscal Responsibility Act of 2023 most notably raised the debt ceiling. But the legislation also made substantive changes to the National Environmental Policy Act (NEPA), with an eye toward simplifying and streamlining...more
On June 3, 2023, President Biden signed into law the Fiscal Responsibility Act. The law increased the debt ceiling and, among other things, amended the National Environmental Policy Act (NEPA). NEPA is a bedrock environmental...more
Without fanfare or ceremony, on Saturday June 3rd, President Biden signed the bitterly-negotiated Fiscal Responsibility Act of 2023 (FRA), also known as the Debt Ceiling Limit legislation. While most of the media attention...more
The reform mainly focuses on streamlining and narrowing the scope of environmental review at the federal level. On June 3, 2023, President Biden signed legislation implementing the bipartisan debt ceiling and budget...more
Debt Ceiling and Spending Deal: H.R. 3746 – Fiscal Responsibility Act of 2023 - The Fiscal Responsibility Act of 2023, signed by President Biden on June 3, 2023, increases the federal debt limit, establishes new...more
An increased borrowing limit for the U.S. was not the only change brought about by the recently enacted Fiscal Responsibility Act of 2023. The National Environmental Policy Act (NEPA) review process was also on the minds of...more
On June 3, 2023, President Biden signed into law the Fiscal Responsibility Act of 2023 (“the Act”), which includes modest changes to the National Environmental Policy Act (“NEPA”), among other things. The Act amends NEPA in...more
The Fiscal Responsibility Act is passed, the debt ceiling is raised, and a DC-manufactured crisis is averted. While there are lessons to be gleaned from the theatrics, there's consequential legislation to come later this...more
Efforts to pass federal permitting reform heated up in the previous Congress and continue to be a top priority, with Republicans in the U.S. House of Representatives kicking off their agenda with the Lower Energy Costs Act...more
After a dramatic few months, the latest debt ceiling saga underscores how leadership on both sides of the aisle can navigate the partisan divide notwithstanding the high level of polarization that has become endemic in the...more