News & Analysis as of

Economic Development Biden Administration

WilmerHale

OFAC Amends Cuba Sanctions, Loosening Restrictions and Fully Implementing Biden Administration’s Cuba Policy

WilmerHale on

On May 28, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced amendments to 31 C.F.R. Part 515, the Cuban Assets Control Regulations (CACR), expanding access to certain financial and...more

Fenwick & West LLP

OFAC Signal Boosts Freedoms for Cuban Private Sector

Fenwick & West LLP on

Last week, the Office of Foreign Assets Control (OFAC) issued updates to the Cuban Assets Control Regulations (CACR). The updates are intended to continue the Biden administration’s policy of providing the Cuban people with...more

Holland & Knight LLP

OFAC Amends Regulations to Support Cuban People, Independent Private-Sector Entrepreneurs

Holland & Knight LLP on

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR), 31 CFR Part 515, to promote internet freedom in Cuba, support independent Cuban private-sector...more

Holland & Knight LLP

Project Labor Agreement Requirement for Large-Scale Construction Becomes Effective Jan. 22

Holland & Knight LLP on

As enacted by the Biden Administration in February 2022, Executive Order (EO) 140631 and its implementing final rule2 require that all awardees of federal construction contracts for which the total estimated cost of the...more

Womble Bond Dickinson

BEAD Program to Drive Rural Broadband, Economic Development and Onshoring of Foreign Businesses in Key Southeastern States

Womble Bond Dickinson on

Providing fast, reliable broadband service in 2023 is every bit as important as providing electricity was in 1933 in rural America. Without high-quality broadband, rural areas (many of which already face economic challenges)...more

Nelson Mullins Riley & Scarborough LLP

Proposed Changes to DOI’s Tribal Land Into Trust and Gaming Compact Process Create More Opportunities for Off-Reservation Gaming

Recent proposed regulations seek to streamline and reduce costs for tribal land into trust applications and clarify parameters for negotiation and approval of tribal-state gaming compacts. The administrative process by...more

Brownstein Hyatt Farber Schreck

Preparing for the U.S.-African Leaders Summit in December

From Dec. 13–15, President Biden will host heads of state and leaders from across the African continent for the U.S.-Africa Leaders Summit in Washington, D.C. The summit, which was formally announced by President Biden in...more

Brownstein Hyatt Farber Schreck

Focus on the Indo-Pacific: Better Understanding the Indo-Pacific Economic Framework for Prosperity

President Biden officially launched The Indo-Pacific Economic Framework for Prosperity (IPEF) (“Framework”), the administration’s economic initiative for the region, during his visit to Tokyo on May 23. The Framework, largely...more

Dechert LLP

CFIUS: Recent Developments and Topics to Monitor

Dechert LLP on

Background - CFIUS is an interagency committee, principally comprising nine members and chaired by the Secretary of the Treasury, which has broad powers to review foreign investments in and acquisitions of U.S. businesses...more

Schwabe, Williamson & Wyatt PC

Buy Indian Act Revised to Better Comply with Biden’s Racial Equity Order

Effective May 9, 2022, Native tribes, workers, and businesses may face fewer hurdles when competing for federal construction projects due to several revisions the Department of the Interior has published to its Department of...more

Mayer Brown

US Offshore Wind Development: 2021 Year in Review and Looking Ahead

Mayer Brown on

The new year has only just begun, and it is already shaping up to be another exciting one for the energy transition. In the US and elsewhere, governments, traditional and non-traditional energy corporations, and investors are...more

Mayer Brown

Interior Department: Three Milestones for Offshore Wind Energy Development in the Atlantic and Gulf of Mexico

Mayer Brown on

On October 28, 2021, in furtherance of the Biden-Harris administration’s goal of deploying 30 gigawatts (GW) of offshore wind energy by 2030, the US Department of the Interior announced three major offshore wind development...more

Holland & Knight LLP

U.S. Export-Import Bank Seeks Public Comments on Proposed Domestic Financing Program

Holland & Knight LLP on

The Export-Import Bank of the United States (EXIM) on Dec. 23, 2021, published a notice seeking public comment on a proposed expansion of its medium- and long-term buyer financing programs to include domestic transactions....more

King & Spalding

Infrastructure Investment and Jobs Act: Key Provisions and Considerations for Project Participants

King & Spalding on

On November 15, 2021, President Biden signed into law the Infrastructure Investment and Jobs Act (“Infrastructure Act”), which provides for $550 billion in new federal spending on infrastructure in the United States over a...more

Miles & Stockbridge P.C.

Infrastructure Investment and Jobs Act: Key Points

Miles & Stockbridge P.C. on

On November 15, 2021 (the “Effective Date”), President Biden signed into law the Infrastructure Investment and Jobs Act (the “Act”) to invest in our nation’s infrastructure and competitiveness. The federal government...more

Dechert LLP

Does A Red Carpet Full Of Black Swans Matter?

Dechert LLP on

It’s coming up on awards season.  The Emmys were last week and weirdly, I got a thought bubble about nominees in the Black Swan category, walking the red carpet looking for attention!  Think the Masquerade scene from Phantom...more

Sullivan & Worcester

Prosper Africa Reboot Revitalizes Investment Opportunities in Africa

Sullivan & Worcester on

The United States (US) government’s Prosper Africa project is getting a reboot by the Biden administration, renewing the government’s commitment to increased trade with African countries and incentivizing American companies...more

Dorsey & Whitney LLP

Dorsey Infrastructure Alert No. 1

Dorsey & Whitney LLP on

This is the first of several Alerts that will address the two pending infrastructure bills currently being considered by Congress. While there remain several procedural steps for either initiative to become law, we believe...more

Bilzin Sumberg

Senate Passes Bipartisan Infrastructure Bill

Bilzin Sumberg on

Yesterday, the Senate passed the bipartisan $1.2 trillion infrastructure bill. We have previously written on the impact that previous drafts of the bill, which is now entitled the Infrastructure Investment and Jobs Act, would...more

Brownstein Hyatt Farber Schreck

Promoting Competition in the American Economy: Analysis

On Friday, July 9, President Joe Biden signed an Executive Order (“Order”) entitled “Promoting Competition in the American Economy.” The Order outlines 72 actions by 12 federal agencies aimed at promoting competition...more

Mayer Brown

The Biden Infrastructure Plan: Where Do We Go From Here?

Mayer Brown on

On March 31, the Biden Administration released its much-anticipated American Jobs Plan (the “AJP”), which outlines $2.3 trillion of proposed spending on not only traditional infrastructure programs, but also climate change,...more

Mayer Brown

Biden Administration Jumpstarts Offshore Wind Energy Projects to Create Jobs

Mayer Brown on

On March 29, 2021, the Biden administration issued a fact sheet (Fact Sheet) announcing a “set of bold actions that will catalyze offshore wind energy, strengthen the domestic supply chain, and create good-paying, union...more

Cozen O'Connor

The American Rescue Plan’s Impact on New York State and City Government, Businesses, and Nonprofits

Cozen O'Connor on

On March 11, 2021, President Joe Biden signed the American Rescue Plan (ARP) into law. This historic $1.9 trillion COVID relief plan will have a major impact on the country by providing relief to businesses, nonprofit...more

Hogan Lovells

Coronavirus: The Hill and the Headlines, March 2021 # 18

Hogan Lovells on

In Washington: Treasury Secretary Janet Yellen expressed confidence Wednesday that the U.S. can spend trillions more in upcoming legislation following this month’s $1.9 trillion coronavirus relief package. In testimony before...more

Vinson & Elkins LLP

UK Budget 2021: Tax Perspectives

Vinson & Elkins LLP on

On 3 March 2021, UK’s Chancellor Rishi Sunak announced the 2021 Budget, outlining the state of the economy and the government’s fiscal plans for the near to medium term. As expected, the chancellor’s speech focused on changes...more

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