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Regulatory Oversight Regulatory Reform Trump Administration

Holland & Knight LLP

U.S. House of Representatives Approves 70 Percent Cut to CFPB Funding

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The U.S. House of Representatives has passed an extensive budget reconciliation bill that would reduce the CFPB budget by 70 percent. In a 215-214 vote along party lines, the budget cut first approved by the House Committee...more

Akin Gump Strauss Hauer & Feld LLP

Five FDA Takeaways from the FY26 Budget

On May 30, 2025, the Department of Health and Human Services released additional information regarding the Trump administration’s Fiscal Year (FY) 2026 budget request. The release of these FY26 budget materials is timely as...more

Mintz

Federal Reserve Disbands Climate-Focused Internal Groups

Mintz on

It has been reported that the Federal Reserve has disbanded certain internal groups that were intended to develop “institutional capacity and knowledge” with respect to climate risk. Specifically, among the groups that have...more

Brownstein Hyatt Farber Schreck

DOJ Issues New Guidance on White-Collar Prosecutions and Corporate Monitors

On May 12, 2025, the current head of the Department of Justice’s (DOJ) Criminal Division issued fresh guidance to all personnel under his purview with new two memoranda....more

Cadwalader, Wickersham & Taft LLP

Rules in Motion, May 2025 - Another Update on the CFPB

Since our last report on what is happening with the Consumer Financial Protection Bureau (“CFPB”) during this administration, we have seen the Trump nominee for Director of the CFPB retracted from consideration in front of...more

Williams Mullen

Trump EPA Rolling Back Certain PFAS Limits in Drinking Water

Williams Mullen on

On May 14, 2025, EPA announced it will rescind and reconsider regulations setting maximum contaminant levels (MCLs) in drinking water for shorter chain per- and polyfluoroalkyl substances (PFAS) and extend the deadlines for...more

Ballard Spahr LLP

Budget bill would cut CFPB funding

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The huge FY26 budget reconciliation bill, H.R. 1, dubbed the “One Big Beautiful Bill Act,” contains provisions that would slash CFPB spending....more

Carlton Fields

Everything (Including Inconsistent Things) All at Once: The Trump Administration’s Initial Steps Toward Permitting Reform

Carlton Fields on

President Trump came into office pledging to speed up federal environmental permitting, and he has issued a series of executive orders that touch on some aspect of expediting environmental reviews....more

Husch Blackwell LLP

Trump Fires Democratics on Consumer Product Safety Commission: What’s Next for Consumer Safety?

Husch Blackwell LLP on

On May 8, 2025, the Trump Administration fired all three Democratic Commissioners from the U.S. Consumer Product Safety Commission (“CPSC” or the “Commission”) via overnight email. This abrupt change in leadership has raised...more

Sheppard Mullin Richter & Hampton LLP

CFPB Director Nominee to Move to Treasury Finance Role

On May 9, the U.S. Department of the Treasury announced that President Trump intends to nominate Jonathan McKernan to serve as the Undersecretary of Domestic Finance. McKernan had been awaiting Senate confirmation to lead the...more

Wiley Rein LLP

[Podcast] Crypto Advocacy in Action: A Conversation with Coinbase's Nick Carden

Wiley Rein LLP on

In this episode, Frank welcomes two distinguished guests: Nick Carden, Associate General Counsel at Coinbase, and Michael Toner, Chair of Wiley's Election Law and Government Ethics Practice. Together, they discuss the...more

Carlton Fields

SEC Engages in “Targeted, Common-Sense” Reorganization

Carlton Fields on

It has been reported that the Securities and Exchange Commission (SEC) recently reduced head count by an estimated 12% due to the Trump administration’s effort to rapidly downsize the federal government. Particularly hard-hit...more

Orrick, Herrington & Sutcliffe LLP

NCUA board members challenge unprecedented removal by President Trump

On April 28, a complaint was filed in the U.S. District Court for the District of Columbia, challenging the removal of two Senate-confirmed members of the NCUA Board by President Trump. The plaintiffs allege that their...more

Morrison & Foerster LLP

So Long, CPSC?

The Trump administration may eliminate the Consumer Product Safety Commission (CPSC), according to a recently leaked draft fiscal year 2026 budget for the Department of Health and Human Services (HHS). This “pre-decisional”...more

Ballard Spahr LLP

GAO agrees to investigate attempted CFPB firings, other recent bureau actions

Ballard Spahr LLP on

The Government Accountability Office has agreed to investigate recent CFPB moves to fire more than 1,400 employees and the impact it and other agency actions have had on the bureau’s ability to operate....more

Holland & Knight LLP

GAO and OIG to Investigate the CFPB's Recent Staff Reductions

Holland & Knight LLP on

U.S. Sen. Elizabeth Warren (D-Mass.), on behalf of 40 Democratic Senators, wrote a letter to CFPB Acting Director Russell Vought on April 28, 2025, expressing "grave concerns" about the agency's ability to fulfill more than...more

Venable LLP

Venable FDA Pulse: FDA at the 100-Day Mark of Trump Administration 2.0

Venable LLP on

Since returning to office for a second term, President Trump has taken steps to reshape federal agencies. Here, we discuss the significant changes that have occurred at the Food and Drug Administration (FDA or Agency) during...more

Husch Blackwell LLP

Trump Administration Set to Revamp Regulatory Framework for Autonomous Vehicles

Husch Blackwell LLP on

On April 24, 2025, the National Highway Traffic Safety Administration (NHTSA) announced that it is expanding the Automated Vehicle Exemption Program (AVEP) to allow domestically produced autonomous vehicles to qualify for...more

Husch Blackwell LLP

Executive Order 14240 Shifts Information Technology Purchasing to GSA

Husch Blackwell LLP on

President Trump’s Executive Order (EO) 14240 (Mar. 20, 2025) provides for the General Services Administration (GSA) Administrator to assume responsibility for all Government-wide contracts for the acquisition of information...more

Holland & Knight LLP

HHS Announces Actions to Phase Out Use of Food Additives

Holland & Knight LLP on

The U.S. Department of Health and Human Services (HHS) and U.S. Food and Drug Administration (FDA) on April 22, 2025, announced their intent to phase out the use of certain food additives, including petrochemical-based dyes,...more

Ballard Spahr LLP

Trump Administration appeals ruling that blocked CFPB firings

Ballard Spahr LLP on

The Trump Administration has appealed an order by a federal District Court Judge blocking the CFPB from firing 1483 employees effective in June 2025 and cutting off their access to CFPB work systems on April 18, 2025....more

Orrick, Herrington & Sutcliffe LLP

D.C. Circuit Narrows District Court’s Preliminary Injunction in CFPB Fight

Visit our resource center, CFPB Pause: Where From Here?, to stay on top of the latest and what it may mean for the federal and state regulatory and enforcement landscape. On Friday, April 11, the D.C. Circuit issued a per...more

King & Spalding

Trump Administration Early Executive Orders Signal Shift in AI Policy

King & Spalding on

Since returning to office, President Trump quickly issued two executive orders that mark a significant shift in the federal government’s approach to artificial intelligence regulation and oversight (“Trump AI EOs”). These...more

Ballard Spahr LLP

Appeals Court blocks judge’s order temporarily prohibiting large-scale changes at CFPB

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The Circuit Court of Appeals for the District of Columbia has issued an administrative stay for to a judge’s order blocking wholesale changes at the CFPB....more

Ballard Spahr LLP

House Subcommittee Chairman pushes legislation to convert CFPB into a commission, make it subject to appropriations

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House Financial Institutions Subcommittee Chairman Rep. Andy Barr, R-Ky., said last week that his subcommittee will place a high priority on changing the CFPB’s structure and funding....more

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