News & Analysis as of

Office of Management and Budget U.S. Treasury

Cozen O'Connor

Cozen Currents: Elon Everywhere All at Once

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“President Trump has given Elon Musk unprecedented power and room to run to remake the executive branch. But to the extent that Musk deviates from remaking it in Trump’s image, the former runs the risk of becoming more of a...more

Foley & Lardner LLP

New Consumer Financial Protection Bureau Acting Director Expands Freeze to All CFPB Activities; CFPB Office Closes

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We previously reported that Treasury Secretary Bessent was named as the acting director of the Consumer Financial Protection Bureau (CFPB), and he subsequently ordered the CFPB staff to halt several activities. However, the...more

DLA Piper

White House Executive Orders Impacting Tax and Trade – Developments of the Week of January 27, 2025

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A range of White House Executive Orders (EOs) are likely to impact tax and trade policy. In this alert, DLA Piper’s Tax and Trade policy team provides updates and insights on relevant policy developments from the week of...more

Morrison & Foerster LLP

FinReg Currents - Week 2

Each week of the first 100 days of the new Trump Administration, we will publish updates on key federal financial services regulatory and related developments. This week, we review the following developments as of Wednesday: ...more

Bradley Arant Boult Cummings LLP

Rohit Chopra Out, Scott Bessent In (Temporarily) at the CFPB

In a familiar move, President Donald Trump has designated the current head of another executive agency, this time newly sworn in Secretary of the Department of the Treasury Scott Bessent to simultaneously lead the Consumer...more

Wiley Rein LLP

President Trump Issues “America First” Trade Policy and Previews Additional Tariffs on Canada, Mexico, and China - UPDATED 1/22/25

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This alert was originally published on January 21, 2025, and updated on January 22, 2025, to reflect President Trump’s comments that additional 10% tariffs may be imposed on China on February 1. On January 20, 2025,...more

Foley & Lardner LLP

Trump Orders Hiring Freeze and Return to Work for Federal Employees

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Among the myriad executive orders issued by President Trump in the hours after his inauguration, two focus on the number and location of federal employees. The first is a return-to-work order, requiring all employees of...more

Paul Hastings LLP

Daily Financial Regulation Update -- Monday October 21

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October 18, 2024- U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council in executive session at the U.S. Department of the Treasury....more

Wiley Rein LLP

Wireless Roundup (July 2024)

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FCC Invites Supplemental Comment Regarding the Use of Geofencing Technology to Allow for Higher Power Limits for Certain Devices: In this Public Notice, the Federal Communications Commission (FCC or Commission) seeks...more

Wiley Rein LLP

[Webinar] 2023 Federal Infrastructure Series - The Latest on “Build America, Buy America” and Other Domestic Preference...

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Please join us for the latest installment in Wiley’s Federal Infrastructure Webinar Series, a series of webinars that brings together attorneys from across the firm to discuss current developments relating to the federal...more

Bass, Berry & Sims PLC

Court Strikes Down Federal Surprise Billing QPA Calculation Rules, Continuing Pause on Arbitrations

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On August 24, the U.S. District Court for the Eastern District of Texas once again struck down parts of the regulations governing the arbitration process created by the No Surprises Act (NSA) to settle payment disputes...more

Wiley Rein LLP

Wireless Roundup (September 2023)

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FCC Seeks Comment on Revising Spectrum Sharing Rules for Non-Geostationary Orbit, Fixed-Satellite Service Systems: In this proposed rule, the Federal Communications Commission (FCC or Commission) requests comment on revisions...more

Morrison & Foerster LLP - Government...

The Debt Ceiling And Its Potential Implications For Government Contractors

Contractors face potential payment uncertainty as a result of the current congressional inability to agree to increase the federal government’s debt ceiling. The government reached the official debt limit months ago, on...more

PilieroMazza PLLC

Weekly Update for Government Contractors and Commercial Businesses – January 2023 #2

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SBA Releases Preview of New HUBZone Maps Effective July 1, 2023 - HUBZone contractors have been anxiously awaiting updates to the HUBZone maps. In 2021, the Small Business Administration (SBA) extended the “freeze” on the...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - April 2022 - Executive Order on Digital Assets a Welcome Start to Responsible Regulation

The President issued an Executive Order on Ensuring Responsible Development of Digital Assets on March 9, 2022. The value of the cryptocurrency and digital assets sector exceeds $3 trillion and has the potential to grow much...more

Foley & Lardner LLP

Top Legal Issues Facing the Automotive Industry in 2022

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In 2022, automotive suppliers face many of the same issues that have bedeviled the industry throughout 2021, as well as a host of all-new challenges. Unfortunately, as with many aspects of pre-pandemic life, the relative...more

Foley & Lardner LLP

Government Issues No Surprises Act Interim Final Rule with Comment Period (Part II)

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On September 30, 2021, the U.S. Departments of Health and Human Services (HHS), Labor and Treasury (collectively, the Departments) along with the Office of Management and Budget released “Requirements Related to Surprise...more

Skadden, Arps, Slate, Meagher & Flom LLP

Protocols Exist for Operating the Government During a Shutdown but Not During a Debt Ceiling Crisis

The U.S. federal government once again confronts twin fiscal crises. Absent intervening legislation, the government’s appropriations will largely lapse on October 1, 2021, prompting a shutdown. Separately, the secretary of...more

WilmerHale

Biden to Federal Government: Assess Financial Risk of Climate Change

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On May 20, President Biden issued his Executive Order on Climate-Related Financial Risk (“Order”) which requires federal agencies to assess the potential impacts of climate change on public and private financial institutions...more

Pillsbury - Gravel2Gavel Construction & Real...

The “Climate 21 Project” Prepared for the New Administration

This is a brief review of the recently released “Climate 21 Project” policy memo. It is the work of many former members of the Obama Administration who are deeply concerned about climate change and what steps the new...more

ArentFox Schiff

CFIUS 2.0: ‘Sensitive Personal Data’ in the National Security Context

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In recent years, the Committee on Foreign Investment in the United States (CFIUS) has taken a much stronger interest in the national security ramifications of sensitive data falling into the hands of foreign adversaries,...more

Saul Ewing LLP

Where are the Regs?

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The OZ industry is experiencing some degree of frustration due to the delay in the updated proposed regulations being issued by the Treasury Department. ...more

Eversheds Sutherland (US) LLP

No rest for the weary - final regulations continue to target inversions without major changes

INTRODUCTION - On July 11, 2018, Treasury and the Internal Revenue Service (IRS) published final inversion regulations (TD 9834) which are largely consistent with the temporary (T.D. 9761) and proposed regulations...more

McGuireWoods LLP

A New Deal

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The Treasury Department and the Office of Management and Budget (OMB) has released a Memorandum of Agreement (MOA) establishing a new process for the review of tax regulations. The MOA brings an end (at least for now) to the...more

McGuireWoods LLP

A Very Washington Power Struggle

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Implementation of the GOP tax law has kept officials and staff at the Treasury Department working overtime writing rules and guidances. As if there’s not enough work and stress already, the Treasury is reportedly engaged in a...more

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