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Proposed Legislation

DLA Piper

Senate Tax Bill: Key Points for the Investment Funds Industry

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The US Senate released a draft tax bill (Senate Tax Bill) on June 16, 2025. We explore five key takeaways for fund sponsors, investors, and the broader asset management community, with a focus on how the Senate Tax Bill...more

Cadwalader, Wickersham & Taft LLP

Is Revenge a Dish Best Served Under the Tax Code?

Among the myriad provisions of the budget bill that passed the U.S. House of Representatives last month, one that has recently gained increased prominence in recent weeks is proposed Section 899, increasingly referred to as...more

Cadwalader, Wickersham & Taft LLP

Senate and House Seek Common Ground on Tax Bills

On June 16, 2025, the Senate Finance Committee released its draft FY 2025 budget bill, which generally incorporates most of the House’s tax proposals, which we previously summarized here, but also differs in various aspects. ...more

Mayer Brown Free Writings + Perspectives

Congress Introduces Bill to Exempt Fixed-Income Securities from Rule 15c2-11: Inside the “Protecting Private Job Creators Act”...

On June 12, 2025, Representative Troy Downing (R-MT) introduced H.R. 3959, the “Protecting Private Job Creators Act.” The bipartisan bill, co-sponsored by Representative Cleo Fields (D-LA), would categorically exempt...more

Cozen O'Connor

Stablecoins: Navigating the Money Transmitter Minefield & Forthcoming Federal Regulatory Frameworks

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As digital assets gain traction across financial markets, stablecoins—cryptocurrencies pegged to fiat currencies like the U.S. dollar—are emerging as a practical medium for capital contributions, settlements, and liquidity...more

Latham & Watkins LLP

Drug Pricing: FDA Considerations Under Recent Executive Orders and Congressional Bills

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President Trump’s executive orders and legislative proposals from Congress leverage FDA to help lower drug prices, address anti-competitive practices, and accelerate generic drug approvals....more

Cozen O'Connor

Pennsylvania Perspective for Monday, June 23, 2025

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Budget Talks Intensify as Lawmakers Debate Tax Reform, Transit Funding, Marijuana Legalization - As Pennsylvania’s June 30 budget deadline approaches, the future of several of Governor Josh Shapiro’s (D) proposals—including...more

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, June 2025

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On 6 June 2025, the FCA announced in a press release its proposal to lift the ban on selling crypto exchange traded notes (cETNs) to retail investors. If adopted, cETNs could be made available to individuals, provided the...more

Hogan Lovells

Vermont Enacts Age-Appropriate Design Code Act

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On June 12, 2025, Vermont Governor Phil Scott signed the Vermont Age-Appropriate Design Code Act (AADC), which will impose a range of obligations on businesses that offer online products, services, or features likely to be...more

Gordon Rees Scully Mansukhani

Illinois Senate Bill 328: Expansion of General Jurisdiction Over Foreign “Out-of-State” Corporations in Toxic Tort Cases

On May 31, 2025, the Illinois General Assembly passed Senate Bill 328 (SB 328), which introduces a targeted expansion of general personal jurisdiction in Illinois civil litigation. The bill amends Section 2-209 of the...more

Blake, Cassels & Graydon LLP

House of Commons Re-Introduces Federal Cybersecurity Legislation

On June 18, 2025, the Minister of Public Safety introduced Bill C-8, An Act respecting cyber security, amending the Telecommunications Act and making consequential amendments to other Acts (Bill C-8). If passed, Bill C-8...more

Alston & Bird

Look Ahead to the Week of June 23, 2025: Reconciliation Crunch Time in the Senate as World on Edge Following U.S. Strikes on Iran

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Both the House and Senate are in session this week. Separately, President Trump is expected to travel to the Netherlands to participate in NATO’s annual summit – this following U.S. targeted strikes on three of Iran’s nuclear...more

K&L Gates LLP

Overriding Interest Summer 2025

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THE LAW COMMISSION CONSULTATION PAPER: BUSINESS TENANCIES AND THE RIGHT TO RENEW - On 19 November 2024, the Law Commission published its first consultation paper considering whether a tenant’s right to renew a business...more

Pillsbury Winthrop Shaw Pittman LLP

Status Update: Renewable Energy Tax Credits Under the Big Beautiful Bill

Most tax credits would be subject to early termination dates and phase-outs. The House bill would end the ability to sell tax credits for cash, but the Senate Finance Committee proposal would restore transferability. New...more

Vinson & Elkins LLP

California Looks to Crack Down on Algorithmic Pricing and Clarify Antitrust Pleading Standards

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The California State Assembly recently unveiled legislation (“AB 325”) designed to strengthen California antitrust enforcement in two ways. First, the proposed statute would impose heavy restrictions on — and under some...more

Troutman Pepper Locke

Texas Legislature Tilts Against Windmills: Is This the End of Wind Energy on the Texas Coast?

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Much has been written in recent weeks about how the renewable energy industry in Texas dodged a bullet — several bullets actually — when three high-profile bills targeting the industry failed to pass in the recent legislative...more

Mintz - ML Strategies

Reconciliation Update: Latest Developments for Tax-Exempt Bonds & Public Finance and What to Expect Next

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Tax-exempt municipal bonds avoided a potential worst-case scenario of elimination in the House-passed budget reconciliation bill — the One Big Beautiful Bill Act. The recently released tax language from the Senate Finance...more

Seward & Kissel LLP

NYS Senate passes bill banning most non-competes; on to NYS Assembly

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On June 9, 2025, the New York State Senate passed Senate Bill S4641A (the “Bill”). The Bill, if signed into law, would prohibit most non-compete agreements (“non-competes”) throughout the state, except for those with highly...more

Foley & Lardner LLP

Direct-to-Consumer Drug Ads Are Under Attack – Pharmaceutical Companies Beware

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On June 12, 2025, Senators Bernie Sanders (I-VT) and Angus King (I-ME) introduced the End Prescription Drug Ads Now Act (the Act) that would prohibit pharmaceutical companies and arguably any other entity engaged in...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Clean Water Act/U.S. House of Representatives: Association of Clean Water Administrators Identifies 14 Pending Bills

The Association of Clean Water Administrators (“ACWA”) has identified 14 bills proposing to amend the Clean Water Act pending in the United States House of Representatives. The bills are described in the ACWA publication...more

Knobbe Martens

Results of The Deferred Subject Matter Eligibility Response Pilot Program

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On June 18, 2025, the United States Patent and Trademark Office (USPTO) hosted an informational call to share the results of a study on the Deferred Subject Matter Eligibility (DSMER) Pilot Program, three years after its...more

Nossaman LLP

Update: Colorado's Peer Review Privilege in Peril

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UPDATE: After two rounds of amendments in 2024 and legal challenges filed with the Colorado Supreme Court, proponents withdrew the ballot measure. For the moment, Colorado’s peer review protections remain in place....more

Allen Matkins

Renewable Energy Update 6.20.25

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Senator Mike Crapo released draft text of the Senate Finance Committee’s version of the budget reconciliation bill on June 16. The Senate draft budget includes positives for the large-scale solar market, such as amending...more

WilmerHale

Section 1202 “Qualified Small Business Stock” Tax Benefits May Be Significantly Expanded as Part of Tax Package

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On June 16, 2025, the Senate Finance Committee released its draft legislative text (the Senate Proposal) following the prior passage of the One Big Beautiful Bill Act by the House of Representatives (the House Bill). ...more

Allen Matkins

Beyond Sackett: California’s Expanding Role in Wetlands Permitting and the Future of “Waters of the State”

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California’s regulatory authority over “waters of the state” continues to grow even as the federal definition of “Waters of the United States” (WOTUS) narrows under shifting legal and regulatory frameworks. In Sackett v. EPA...more

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