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New Legislation National Defense Authorization Act

McDermott+

Healthcare Preview for the Week of: June 10, 2024

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Congress Tackles Defense, Reproductive Health in Busy Week Ahead Congress is in session Tuesday through Friday of this week, and it is sure to be a politically charged few days. The House is bringing forth the 2025 National...more

Foley Hoag LLP - Global Business and Human...

House Bill Proposes to End Funding for State Department Programs Involved with Forced Labor in China

The U.S. House of Representatives recently passed a new measure, H.R. 4039, which would prohibit any funding for programs within the State Department and the U.S. Agency for International Development (USAID) that involve...more

Brownstein Hyatt Farber Schreck

U.S. Policies on China to Watch in 2024

As the first session of the 118th Congress comes to a close, Congress unveiled a vast array of policy recommendations and legislation furthering their focus on U.S.-China strategic competition. Throughout the year, China...more

Bradley Arant Boult Cummings LLP

Defending Psychedelics: Congress Includes Psychedelic Provisions in Defense Authorization Act

We told you it may be coming, though we were admittedly cynical about the ability to pass a bill funding psychedelic research given the current political landscape — a narrowly controlled Democratic Senate that is generally...more

Sheppard Mullin Richter & Hampton LLP

Corrupt Foreign Leaders Now on the Hook for Bribery Charges: Congress Passes the Foreign Extortion Prevention Act

On December 14, 2023, with bipartisan support, Congress passed the Foreign Extortion Prevention Act (“FEPA”), making it a federal crime for any foreign government official to demand, receive, or agree to receive a bribe from...more

Akin Gump Strauss Hauer & Feld LLP

Akin Space Law, Regulation and Policy Update

Good Afternoon! This is Akin’s biweekly policy newsletter on space policy and regulatory developments, providing information on major space headlines and forthcoming space-related events and hearings...more

McDermott+

Healthcare Preview for the Week of: December 4, 2023

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Two-Week Stretch Before Holiday Recess - Congress only has two weeks left in session for the rest of year. There is a lot to accomplish in those two weeks. While government funding has been punted into early 2024, Congress is...more

McDermott+

Healthcare Preview for the Week of: November 27, 2023

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Limited Time Before the End of the Year and January 19 First, welcome back from what was hopefully a wonderful and restful Thanksgiving break. Although this year will not entail a year-end government funding package, we are...more

Holland & Hart LLP

Key Provisions in the House's 2024 NDAA Impacting Federal Contractors

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On June 30, 2023, the United States House of Representatives passed its version of the National Defense Authorization Act for the Fiscal Year 2024, H.R. 2670 (Rep. No. 118-125) (the “NDAA”)....more

DirectEmployers Association

OFCCP Week In Review: July 2023 #3

Friday, June 2, 2023: FAR Council’s Interim Rule Banned TikTok on Federal Government Contractor Devices - August 1 Deadline for Public Comments on Interim Rule - Ban Implemented Due to National Security Concerns - ...more

Littler

The Bar Has Been Lowered – Congress Further Relaxes Hiring Restrictions for Banking Personnel with Criminal Histories

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On December 23, 2022, President Biden signed into law H.R. 7776, the “James M. Inhofe National Defense Authorization Act for Fiscal Year 2023” (the “NDAA 2023”). What many may not yet realize is that Section 5705 of the NDAA...more

Littler

The Bar Has Been Lifted – Congress Further Relaxes Hiring Restrictions for Banking Personnel with Criminal Histories

Littler on

On December 23, 2022, President Biden signed into law H.R. 7776, the “James M. Inhofe National Defense Authorization Act for Fiscal Year 2023” (the “NDAA 2023”). What many may not yet realize is that Section 5705 of the NDAA...more

Bass, Berry & Sims PLC

Clarification: You Can Recover for Changes Implementing Executive Orders

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The National Defense Authorization Act of 2023 includes a short but interesting provision reminding the Department of Defense (DoD) that the unilateral insertion of a new clause in a DoD contract is a change that may entitle...more

Bass, Berry & Sims PLC

DOD’s Mentor Protégé Program Drops “Pilot” From Title as the NDAA Codifies the Initiative

Bass, Berry & Sims PLC on

On December 15, the U.S. Senate passed the National Defense Authorization Act (NDAA) for the Fiscal Year 2023 by an 83-11 vote. The annual legislation changes U.S. defense agencies’ policies and regulations and provides...more

Maynard Nexsen

FY23 NDAA Includes Inflation Relief for Defense Contractors

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Recently, the U.S. House of Representatives and Senate overwhelmingly approved the National Defense Authorization Act for Fiscal Year 2023 (“FY23 NDAA”). The legislation is welcome news for both the Department of Defense...more

Dorsey & Whitney LLP

The CHIPS and Sciences ACT of 2022 - The Impact on China

Dorsey & Whitney LLP on

The CHIPS and Sciences Act of 2022 (the “Act”) was passed by the U.S. Congress on July 27, 2022 and signed into law by President Biden on August 9 of the same year. The Act is an effort to increase semiconductor manufacturing...more

Wilson Sonsini Goodrich & Rosati

CHIPS Act Basics for Semiconductor Companies: Early Answers on Finding Funding and Resulting Risks

On August 9, 2022, President Biden signed into law the CHIPS and Science Act of 2022 (the CHIPS Act), a significant investment in industrial policy that offers, among other things, funding for the development of facilities to...more

Levenfeld Pearlstein, LLC

New Legislation Benefiting 100% ESOP-Owned Defense Contractors

For over 20 years, Congress has provided powerful incentives for S corporations to sponsor employee stock ownership plans (“ESOPs”) through the tax code provisions that exempt all of the income of a 100% ESOP-owned S...more

Morrison & Foerster LLP

National Defense Authorization Act – Implications for U.S. Sanctions Programs

In a closely followed and much anticipated action, President Biden signed the National Defense Authorization Act for Fiscal Year 2022 (NDAA) on December 27, 2021 – following its approval by the U.S. Senate and House of...more

WilmerHale

United States Adopts Wide-Ranging China Restrictions

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End-of-Year Sanctions Target Chinese Supply Chains and AI, Quantum Computing, and Biotechnology - Several US executive branch agencies and the US Congress have adopted wide-ranging end-of-year sanctions, export control and...more

WilmerHale

Environmental Deconfliction 2021: the National Defense Authorization Act for FY 2021

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As in prior years, the National Defense Authorization Act for Fiscal Year 2021 contains a variety of provisions setting U.S. Department of Defense priorities for energy, environmental, and natural resource issues. These...more

Polsinelli

Corporate Transparency Act – Your Beneficial Entity Ownership Disclosure Is Now Required

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Executive Summary - The U.S. Congress recently passed the Corporate Transparency Act (“CTA”) as part of the 2021 National Defense Authorization Act. The CTA requires certain corporations, limited liability companies and...more

Foodman CPAs & Advisors

¿Se verá comprometido los Estados Unidos en el Futuro Como un Paraíso Fiscal Preferido?

Los cambios a la Ley de Secreto Bancario bajo la Ley de Autorización de Defensa Nacional (“NDAA – “National Defense Authorization Act”) contienen requisitos para que las entidades legales cubiertas informen sobre sus...more

Foodman CPAs & Advisors

Will The Perception Of The USA As A Preferred Tax Haven Be Jeopardized Going Forward?

Changes to the Bank Secrecy Act incorporated into the National Defense Authorization Act (NDAA) contain requirements for beneficial ownership disclosure by covered legal entities at the time of their creation for inclusion in...more

Foodman CPAs & Advisors

How will the AML Act of 2020 (the “Act”) Required Examiner Training Impact your Financial Institution?

Section 6307 of the Act requires annual Anti-Money Laundering and Countering the Financing of Terrorism training for Examiners.  The training is to be done in consultation with FinCEN and all levels of law enforcement,...more

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