On May 29, 2025, the California Air Resources Board (CARB) held its first public workshop on its progress for implementing California’s climate disclosure laws, S.B. 253 and S.B. 261. C...

The SEC has taken the first step in what could potentially be the most sweeping change in decades to its approach to foreign private issuers. Reacting to changes in the population of SEC-...

The Treasury and State Departments have issued sanctions relief permitting U.S. and foreign persons to engage in a broad set of transactions with Syrian businesses, the Syrian government ...

The FTC and DOJ recently announced the first settlements of merger enforcement actions reached under the second Trump administration. These actions follow comments from leadership at the ...

In April 2025, the SEC filed 13 actions against a combined total of 20 defendants and respondents. (These figures exclude follow-on actions, bars and suspensions.) There were no CFTC acti...

In this issue, we discuss state law restrictions on the use of ESG factors by financial institutions, including with respect to managing investments or investment standards for public funds.

Over the past several years, many states have enacted laws targeting the consideration of ESG factors in investing and business practices. These laws vary widely in scope and design and c...

On May 22, 2025, the House of Representatives approved the “One Big Beautiful Bill Act,” which includes a new provision that would increase U.S. tax rates (including withholding tax r...

The House of Representatives passed the “One Big Beautiful Bill Act,” a much-anticipated suite of proposed tax law changes and revenue offsets, on May 22, 2025. This update describes ...

The House of Representatives passed the “One Big Beautiful Bill Act,” which includes provisions terminating or otherwise significantly affecting renewable energy tax credits, on May 2...