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Disclosure Requirements State and Local Government

Jones Day

The Climate Report - Third Quarter 2025

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Both Convergence and Divergence Seen in Emerging State Climate - Disclosure Bills A wave of climate-related disclosure bills in California, New York, Colorado, New Jersey, and Illinois share a common architecture yet...more

Mayer Brown

Illinois Adopts Regulatory Regime for Digital Assets

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On August 18, 2025, Illinois enacted Senate Bill 1797, the Digital Assets and Consumer Protection Act (the “Act”), establishing a regulatory framework designed to enhance customer protections for digital asset activities and...more

Jones Day

Both Convergence and Divergence Seen in Emerging State Climate Disclosure Bills

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Although the federal Securities and Exchange Commission has stayed its 2024 climate-related disclosure rule, certain U.S. states continue to advance their own climate-related disclosure legislation. California's landmark...more

Pillsbury - Gravel2Gavel Construction & Real...

Federal Court Halts Enforcement of Texas SB 2337 Regarding Proxy Advisor Disclosure of ESG or Other “Nonfinancial” Considerations

Enacted earlier this year and scheduled to take effect September 1, SB 2337 would impose new disclosure obligations on proxy advisory firms issuing recommendations regarding Texas-based public companies, including a...more

Paul Hastings LLP

Colorado Delays Enforcement of AI Act

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On August 28, Colorado Gov. Jared Polis signed SB4, delaying the effective date of the Colorado AI Act (CAIA) from February 1, 2026, to June 30, 2026. Earlier this summer, Gov. Polis called the Colorado Legislature into a...more

Sheppard Mullin Richter & Hampton LLP

Federal Court Blocks Enforcement of Texas Proxy Advisor Disclosure Law

Following up on our recent post analyzing Texas’s new proxy advisor disclosure statute, S.B. 2337, we note a significant development: On August 29, 2025, Judge Alan Albright of the United States District Court for the Western...more

Akin Gump Strauss Hauer & Feld LLP

State-Level Foreign Influence Laws Begin Taking Effect

State legislatures considered hundreds of bills to curb foreign influence in state and local politics during the 2025 sessions. Many aimed to require additional disclosures for lobbying efforts on behalf of foreign companies...more

Partridge Snow & Hahn LLP

New Massachusetts Fee Disclosure Rules Impose Substantial Penalties for Non-Compliance

Effective September 2, 2025, Massachusetts will begin enforcing 940 CMR 38.00, a new regulation aimed at promoting price transparency for consumers. These comprehensive rules apply to the sale or lease of goods and services...more

K&L Gates LLP

Companies Must Prepare for Complying With California's Climate Disclosure Laws Even Though California Air Resources Board...

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The 2026 reporting deadlines are quickly approaching for California’s Climate Corporate Data Accountability Act (SB 253) and Climate-Related Financial Risk Act (SB 261). The California Air Resources Board (CARB), responsible...more

Miller Canfield

Michigan Reintroduces Automatic Renewal Law

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Michigan may be joining a growing number of states in tightening regulations around automatic renewal provisions in consumer contracts. On August 27, 2025, the Michigan House introduced HB 4826, a bill aimed at strengthening...more

Sheppard Mullin Richter & Hampton LLP

Illinois Proposes Regulations for Shared Appreciation Agreements Under the Residential Mortgage License Act

On August 15, the Illinois Department of Financial and Professional Regulation proposed regulations to implement recent amendments to the Residential Mortgage License Act of 1987 (RMLA) covering “shared appreciation...more

Bass, Berry & Sims PLC

Public Finance Legislative Update from the First Session of the 114th Tennessee General Assembly

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In the First Session of the 114th General Assembly, Tennessee legislators passed laws promoting economic development across the state and modernizing regulatory oversight of local governments engaging in different types of...more

Jackson Walker

Texas 89th Legislature: Key Artificial Intelligence Legislation

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By Arthur Gollwitzer The recently concluded 89th Legislature addressed a wide range of artificial intelligence issues. Texas is taking a leading role in both encouraging AI use and regulating the use of artificial...more

Jones Day

Companies Join the Fray in the Battle of the Proxy Advisors v. Texas

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On June 20, 2025, Texas passed SB 2337, a first-of-its-kind regulation of proxy advisors such as ISS and Glass Lewis. SB 2337 requires proxy advisors to, among other things, disclose when their recommendations are based, in...more

Burr & Forman

U.S. AI Laws and What They Mean for Your Business

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It seems like everywhere you look, artificial intelligence (“AI”) is being talked about. It no longer carries that stigma that it is just for tech giants. Businesses across industries are integrating AI into their operations....more

Ropes & Gray LLP

California Air Resources Board Addresses the Who, What, How and When of California’s Corporate Climate Disclosure Laws at August...

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Yesterday, the California Air Resources Board held its second marathon virtual public workshop on California’s pending corporate climate disclosure laws. These laws will require subject companies to publicly report on...more

Beveridge & Diamond PC

California Wins Key Victory in Ongoing Challenge to Its Climate Disclosure Laws

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Key Takeaways - What is Happening? On August 13, 2025, the U.S. District Court for the Central District of California (the District Court) denied the motion for a preliminary injunction filed by the United States Chamber of...more

Latham & Watkins LLP

Federal Court Rejects Preliminary Injunction Against California Climate Disclosure Laws

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The ruling allows implementation of the laws while First Amendment litigation proceeds on the merits....more

Husch Blackwell LLP

Colorado Revises Healthcare Regulations for Changes in Ownership, Surprise Billing Disclosures

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The Colorado Department of Public Health and Environment (CDPHE), which oversees the licensure of health facilities in Colorado, has adopted revised rules related to healthcare facility changes of ownership (CHOWs) and...more

Allen Matkins

California Environmental Law & Policy Update 8.15.25

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A group of truck manufacturers filed a lawsuit on August 11 against California regulators contending that the state lacks the authority to enforce its heavy-duty vehicle emissions standards, which are stricter than federal...more

Jones Day

Court Upholds California Climate Disclosure Laws—for Now

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On August 13, 2025, the U.S. District Court for the Central District of California denied the U.S. Chamber of Commerce’s motion for a preliminary injunction seeking to halt enforcement of SB 253 (emissions disclosure) and SB...more

Mintz

Federal District Court Rejects Challenge to California's Climate Disclosure Law

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On August 13, 2025, the challenge to the State of California's mandatory climate disclosure regulations was resoundingly rejected by Judge Wright (C.D. Cal.). The preliminary injunction-- sought by the U.S. Chamber of...more

McDermott Will & Schulte

California’s mandatory climate risk disclosure is almost here: Is your company ready?

US public companies put aside their attention on new climate-related disclosure rules adopted in 2024 by the US Securities and Exchange Commission (SEC) because of ongoing litigation challenging these rules and recent changes...more

Wilson Sonsini Goodrich & Rosati

CARB to Host Public Workshop on Implementation of California Climate Disclosure Laws

On August 7, 2025, the California Air Resources Board (CARB) announced that it will hold a virtual public workshop on Thursday, August 21, 2025, from 9:30 a.m. to 12:30 p.m. Pacific Time “to support the development of...more

Sheppard Mullin Richter & Hampton LLP

Massachusetts AG Issues Final Guidance Ahead of September 2 Junk-Fee Rule Enforcement

On July 29, the Massachusetts Attorney General issued updated business guidance and a webinar explaining the state’s new “junk fee” regulations under the Massachusetts Consumer Protection Act, which take effect on September...more

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