News & Analysis as of

Trump Administration

President Imposes Additional Sanctions on Venezuelan Government in Wake of Election

by Holland & Knight LLP on

• President Donald Trump has issued a new Executive Order expanding existing sanctions against the government of Venezuela and its instrumentalities, including the state-owned oil company, Petróleos de Venezuela (PdVSA). ...more

Update: Regulatory Relief Passed by Congress

by Vedder Price on

On May 22, 2018, the House of Representatives passed the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) (the “Consumer Protection Act”), which had been previously passed by the Senate. The...more

FDA tries to prod Big Pharma on prices with a new ‘naming and shaming’ list

After critics called President Trump’s long-awaited plan to rein in Big Pharma’s rapacious prices disappointing, his administration launched a much-tried tactic against the industry: “naming and shaming.” The federal Food and...more

EU to Reactivate 1996 Blocking Regulation Against US Sanctions on Iran

by WilmerHale on

On Friday, May 18, the EU Commission launched the formal process to reactivate a 1996 trade defense law in response to the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) on Iran's nuclear program. Once...more

House Passes Banking Bill Providing Dodd-Frank Relief

by Ballard Spahr LLP on

The U.S. House of Representatives on Tuesday passed S.2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act), by a vote of 258 to 159. ...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

The US House included the revised Volcker Rule that we’ve discussed in a broader package of Dodd-Frank reforms that it passed with bipartisan support last night. The bill—ostensibly aimed at easing restrictions on small to...more

Congress OKs Sweeping Rewrite of Dodd-Frank

by BakerHostetler on

The House voted Tuesday to give final congressional approval to a sweeping rewrite of the nation’s banking rules that would roll back key elements of Dodd-Frank but still leave most of that 2010 law on the books....more

States Designate Opportunity Zones

by Pierce Atwood LLP on

The Tax Cuts and Jobs Act of 2017 created a new economic development program that encourages long-term investments in low-income areas, so-called “Opportunity Zones,” by offering tax deferral for capital gains reinvested in...more

Anti-corruption & international risk developments

by Ropes & Gray LLP on

Alex Rene, co-chair of Ropes & Gray’s anti-corruption / international risk practice and managing partner of the firm’s Washington, D.C. office, discusses recent FCPA enforcement activity as well as international risk...more

340B Update: President’s Blueprint Includes 340B Reforms, the OPPS Litigation Continues, and Other Recent Developments

by K&L Gates LLP on

The past several weeks have featured a flurry of activity under the 340B Drug Pricing Program (“340B Program”), with recent action in all three branches of the federal government. Notably, on May 11, 2018, the Trump...more

New Venezuela Sanctions Announced; Future Sanctions Against Venezuelan Oil Threatened

by Kelley Drye & Warren LLP on

Yesterday, the President issued a new Executive Order (E.O.) prohibiting certain financial transactions involving the Venezuelan government, including Petroleos de Venezuela, S.A. (PdVSA), the state-owned oil company....more

Last Week in 340B: the Revival [not] of the 340B Mega-Guidance, Another Senate Hearing, and the Trump Blueprint to Lower Drug...

On Wednesday May 9th, I was floored when the Administration released the Spring 2018 Unified Agenda of Regulatory and Deregulatory Actions, which contained this nugget: by December 2018, HRSA will publish its 340B Omnibus...more

President Trump signs joint resolution disapproving CFPB Bulletin concerning discretionary pricing by auto dealers

by Ballard Spahr LLP on

Yesterday afternoon, President Trump signed into law S.J. Res. 57, the joint resolution under the Congressional Review Act (CRA) that disapproves the CFPB’s Bulletin 2013-2 regarding “Indirect Auto Lending and Compliance with...more

EU responds to US re-imposition of sanctions on Iran

by White & Case LLP on

The European Union has announced a package of measures in response to the re-imposition of US secondary sanctions on European persons and companies with dealings with Iran....more

US and China Trade Talks Progress

by Cozen O'Connor on

A trade war between the U.S. and China has been avoided. Both countries have been threatening each other with tariffs for the past couple months, while many economists and experts worry about an impending trade war. ...more

Derailing the Gravy Train – Trump Unveils Plan to Reduce Drug Prices

Throughout his presidential campaign, President Trump championed the need to allow the government to negotiate drug prices on behalf of the Medicare program. However, that third rail for pharmaceutical companies was not...more

Window On Washington - Vol. 2, Issue 20

by Clark Hill PLC on

Outlook for This Week in the Nation's Capital - Farm Bill Re-vote? Last week’s vote on the farm bill failed after the Freedom Caucus refused to support the measure. A roll call vote on the motion to reconsider was postponed...more

The Weekly Hill Update

by BakerHostetler on

Foreign policy – particularly trade with China and the standoffs with Iran and North Korea – is likely to compete for attention this week among policymakers in the Trump administration and on Capitol Hill....more

ICE Worksite Enforcement Increases as Promised During Fiscal Year 2018

by Littler on

U.S. Immigration and Customs Enforcement’s former acting Director, Thomas Homan, indicated last fall that he wanted to quadruple worksite enforcement, and ICE is on track to do so. ICE recently announced it performed 3,510...more

Best in Law: Who Absorbs Cost of New Tariffs on Stuff Were Buying, Selling? - Partner Glen Price Explains in the Press-Enterprise...

by Best Best & Krieger LLP on

Recently, China announced tariffs on $50 billion in U.S. products in retaliation for U.S. tariffs on steel and aluminum products and 1,300 other product categories entering the country. Originally published in The...more

Health Care Policy Newsletter - May 2018 pt 2

by Foley & Lardner LLP on

Foley & Lardner LLP’s (“Foley”) Bipartisan Public Policy Team is pleased to share our “Public Policy Weekly Health Care Newsletter” in which we compile the latest health care policy news and legislation.*Please note that we...more

President Snaps Iran Sanctions Back

by Bass, Berry & Sims PLC on

• Previously permissible activities must be wound down in 90 or 180 days • Non-U.S. companies at particular risk of enforcement action • Only limited guidance issued so far, unclear what authority U.S. companies...more

Akin Gump Announces the Launch of the TPA Timeline

The current news coverage of the North American Free Trade Agreement (NAFTA) negotiations has touched heavily on the tight deadlines set around reaching an agreement. There is, however, a lot of unnecessary confusion—even...more

HHS Seeks Public Comments on Trump Administration’s Plan to Lower Drug Prices

by Goodwin on

Last week the Department of Health and Human Services (HHS) issued a request for comments on the Trump administration’s plan to lower drug prices. The HHS blueprint to lower drug prices includes improving competition by...more

United States Ceases Participation in Iran Nuclear Deal and Will Implement Pre-Deal Sanctions Regime – Practical Considerations

by K&L Gates LLP on

On May 8, 2018, President Trump formally announced that the United States would cease participation in the Iran nuclear deal, also called the Joint Comprehensive Plan of Action (“JCPOA”). In accordance with a Presidential...more

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