On May 27, 2025, Senators Sheldon Whitehouse (D-RI) and Charles E. Grassley (R-IA) submitted a comment to US Treasury Secretary Scott Bessent expressing strong opposition to the Financial Crime Enforcement Network’s Interim…
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/ Administrative Law, Business Organizations, Constitutional Law
Stress levels ratchet up as the membership continues to wait for an approved House settlement. In this week’s Film Room, we offer practical steps to take now to best move through the uncertainty…
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/ Art, Entertainment, & Sports Law, Education Law
On May 13, 2025, a $19.5 million settlement of a California Invasion of Privacy Act (CIPA) class action against a major financial institution and its telemarketing vendor moved one step closer to final approval. The settlement…
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/ Communications & Media Law, Consumer Protection, Privacy
On May 23, 2025, the Office of Foreign Assets Control (OFAC) issued General License 25 (GL 25), authorizing transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria. This comes 10 days…
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/ Energy & Utilities, Finance & Banking, International Law & Trade
Welcome to this week’s edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. Each week we pull together the items we deem most important to…
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/ Art, Entertainment, & Sports Law, International Law & Trade, Taxation
On May 22, 2025, the House of Representatives passed the highly anticipated budget reconciliation bill, referred to as the “One Big Beautiful Bill,” with revisions from the House Rules Committee. On May 21, 2025, the House Rules…
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/ Administrative Law, Business Organizations, Taxation
In this week’s Film Room, we synthesize a busy week of commentary from DC that can impact third-party NIL enforcement post-House.
As the membership continues to wait on Judge Wilken’s decision on Final Approval in the House…
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/ Administrative Law, Art, Entertainment, & Sports Law, Elections & Politics
On May 14, 2025, the House Ways and Means Committee approved the so-called “One Big Beautiful Bill” (Bill). We have issued several other alerts regarding the Bill. Among other tax provisions, the Bill includes two provisions…
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/ Administrative Law, Finance & Banking, Securities Law, Taxation
The House of Representatives narrowly passed the One Big Beautiful Bill along party lines. The proposed bill would terminate or otherwise make significant changes to several of the energy tax credits created or expanded by the…
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/ Energy & Utilities, International Law & Trade, Taxation
As the “One Big Beautiful Bill” continues its legislative path through Congress, it remains too close to call on how the final legislation will impact the sports industry. On May 22, 2025, the House of Representatives approved…
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/ Art, Entertainment, & Sports Law, Education Law, Taxation
On May 22, 2025, the House of Representatives voted along party lines (with one Republican member voting present and two Republican members not voting) to advance the “One Big Beautiful Bill” Act (the OBBB) to the Senate for…
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/ Elections & Politics, International Law & Trade, Taxation
On May 20, 2025, the last day for bill signing, Washington Governor Ferguson signed two key tax bills that expand the sales tax to include additional services and increase the rates of the (awful) business and occupation (B&O)…
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/ Administrative Law, Constitutional Law, Taxation
In this week’s Film Room, we break down newly reported detail on third-party NIL clearinghouse procedures.
Actionable Information Regarding Clearinghouse -
Last week, Ross Dellenger of Yahoo! Sports reported on a memo…
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/ Alternative Dispute Resolution (ADR), Art, Entertainment, & Sports Law, Education Law
Welcome to this week’s edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. Each week we pull together the items we deem most important to…
more
/ Taxation
On May 12, 2025, the House Committee on Ways and Means (WMC) released a draft of the tax provisions of the highly anticipated budget reconciliation bill, referred to as the “One Big Beautiful Bill” Act (OBBB), and on May 14,…
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/ Administrative Law, International Law & Trade, Taxation
