The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. Its primary objective is to extend key provisions of the 2017 Tax Cuts and Jobs Act (TCJA), including individual and corporate tax cuts. Beyond tax...more
During the last week of July, President Trump issued a series of tariff-related executive actions...more
Subtitle A – Exemption of Certain Assets -
Section 80001. Exemption of certain of assets. -
Excludes family farms on which families reside, small businesses with 100 or fewer full-time employees owned and controlled by...more
On July 4, President Trump signed the landmark One Big Beautiful Bill Act (H.R.1, OBBBA) into law, ushering in a sweeping set of higher education reforms. The final bill introduces a new student loan repayment...more
As of July 25, President Donald Trump has announced five bilateral trade deals, setting new tariff rates for the countries involved that the president intends to make effective on Aug. 1....more
7/28/2025
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US Trade Policies
In two cases challenging regulatory actions by the Biden-era Consumer Financial Protection Bureau (CFPB), Brownstein secured major wins for the collections industry. First, in litigation filed in Texas, Brownstein represented...more
Back in February, a limited liability company filed a lawsuit against the five companies licensed to operate online sports betting in the District of Columbia (“District” or “D.C.”). The case invokes an old section of the...more
On June 26, 2025, Brownstein filed a Petition for a Writ of Certiorari to the United States Supreme Court, seeking review of a Ninth Circuit Court of Appeals decision regarding the Fair Debt Collection Practices Act (FDCPA)....more
Current State of Play: The United States Court of Appeals for the Federal Circuit consolidated and temporarily stayed the first decision from the U.S. Court of International Trade (USCIT). This temporary stay keeps the...more
On April 22, the Consumer Financial Protection Bureau (CFPB) requested the U.S. District Court for the Southern District of New York to remove the bureau as a plaintiff in CFPB v. Credit Acceptance Corporation, a case that...more
Over the past several weeks, litigation and government relations efforts have resulted in the accounts receivables management (“ARM”) industry achieving regulatory clarity, which will allow the industry to better serve...more
In recent months, numerous online commodity trading markets have begun to offer sports-based event contracts concerning the outcome of various sporting events. These event contracts—which are a type of derivative...more
On March 14, President Trump issued an executive order (EO) titled “Continuing the Reduction of the Federal Bureaucracy,” which limits the Community Development Financial Institutions (CDFI) Fund to the minimum statutory...more
As some companies in the so-called “predictions market” have begun to offer event futures contracts on sporting events, including the most recent Super Bowl, many observers are questioning whether these offerings are really...more
This alert is jointly authored by the federal and local government relations teams at Brownstein to provide a comprehensive analysis of President Donald Trump’s executive orders' impacts on cities. Brownstein remains...more
On Monday, Jan. 27, President Donald Trump’s Office of Management and Budget (OMB) issued a memorandum (“memo”) directing all federal departments and agencies to “temporarily pause all activities related to obligation or...more
On Jan. 17, 2025, the United States Court of Appeals for the District of Columbia (D.C. Circuit) heard oral argument in KalshiEx v. CFTC. At issue is KalshiEx LLC’s (Kalshi) ability to list political event contracts for...more