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Morrison & Foerster LLP

EU Sustainability Reporting Unpacked: Latest Developments on the Omnibus Package and ISSB Interoperability

The Omnibus Simplification Package, launched by the European Commission in February 2025, aims to substantially reduce the compliance burden for corporate sustainability in the EU. The package focuses on amending the...more

Brownstein Hyatt Farber Schreck

States Can Continue Regulating AI—For Now

Congress has passed the budget reconciliation package known as the “One Big Beautiful Bill” (H.R.1) without the controversial moratorium on state and local artificial intelligence (AI) laws originally included in the House...more

Davis Wright Tremaine LLP

Supreme Court Preserves Federal Universal Service Program

The Supreme Court upheld the constitutionality of the federal Universal Service Fund (USF)'s funding regime on the final day for releasing opinions of its 2024 term. In FCC v. Consumers' Research, the Court reversed the U.S....more

Cadwalader, Wickersham & Taft LLP

Making Way For Stablecoin—Genius Act Would Amend Bankruptcy Code to Accommodate Certain Crypto Assets

Congress rarely amends the Bankruptcy Code.  Congress first adopted the Bankruptcy Code in 1978.  After a series of amendments in the early 1980s to address initial concerns, Congress amended the Code only modestly until the...more

Stoel Rives - Global Privacy & Security Blog®

AI Legislative Developments: Early Days or Tipping Point?  

If tracking AI legislation is giving you whiplash, you’re not the only one....more

Mintz - Antitrust Viewpoints

Senate Parliamentarian Approves Ted Cruz’s Rewritten 10-Year State AI Law Moratorium, and Senate Introduces Bipartisan Preventing...

The Senate Parliamentarian approved Senator Ted Cruz’s (R-TX) rewritten version of the House-passed 10-year state AI law moratorium, after concerns that the original moratorium would not comply with the Senate’s Byrd Rule....more

DLA Piper

Blockchain and Digital Assets News and Trends – June 2025

DLA Piper on

This periodic bulletin is designed to help companies identify important legal developments governing the use and acceptance of blockchain technology, smart contracts, and digital assets. While the use cases for blockchain...more

Lowenstein Sandler LLP

Crypto Brief - Lowenstein Crypto Newsletter - June 19, 2025

Lowenstein Sandler LLP on

On June 17, the U.S. Senate voted to pass the GENIUS Act (Act), which, if passed by the U.S. House of Representatives, would establish federal guardrails and a regulatory framework for stablecoins. Specifically, the Act...more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – June 2025 # 3

Troutman Pepper Locke on

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week....more

Jones Day

Congress Introduces CLARITY Act to Establish Digital Asset Regulatory Framework

Jones Day on

U.S. House lawmakers introduced the bipartisan CLARITY Act of 2025 proposing a comprehensive regulatory framework for digital assets that would delineate agencies' oversight roles, establish a provisional registration regime...more

McGuireWoods Consulting

Summary of the House Energy and Commerce Committee’s Reconciliation Provisions on Energy, Environment, Communications and Health

On Tuesday, May 13, 2025, the House Energy and Commerce Committee started their 26-hour consideration of their portion of the budget reconciliation bill. The House Energy and Commerce Committee budget reconciliation...more

Cimplifi

The Updated State of AI Regulations for 2025

Cimplifi on

Ferris Bueller would say: “Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.” That statement could certainly be applied to AI regulations as the landscape of global AI legislation...more

A&O Shearman

Latest developments on the EU Sustainability Omnibus

A&O Shearman on

The EU’s sustainability reporting and due diligence landscape is in flux following the European Commission’s adoption of its highly anticipated Sustainability Omnibus package in late February 2025. In recent bulletins, we...more

Jones Day

Germany's new chancellor, Friedrich Merz, calls for the repeal of the CSDDD

Jones Day on

Germany's new chancellor, Friedrich Merz, called for the repeal of the CSDDD during his inaugural visit to the European Commission on May 9, 2025. German public television quoted him as follows: “The permanent solution to...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Targets Reform of the Investment Manager Exemption

On 28 April 2025, the UK government published draft legislative amendments to: - Align the UK’s domestic tax rules on permanent establishments (PE) with the 2017 Organisation for Economic Co-operation and Development (OECD)...more

Paul Hastings LLP

New Legislation Introduced, Federal Reserve Revises Guidance and SEC Hosts Custody Roundtable

Paul Hastings LLP on

Congress is back in session this week after a two-week recess. Several new pieces of legislation were introduced, including one directing the secretary of commerce to spearhead federal blockchain policy initiatives, another...more

Hogan Lovells

The Cyber Security and Resilience Bill

Hogan Lovells on

On 1 April 2025, the UK Department for Science, Innovation and Technology issued a policy statement setting out its key proposals for the new Cyber Security and Resilience Bill. The Bill is intended to respond to an...more

Morrison & Foerster LLP - Government...

Is Change Around the Corner? One Proposal to Forge Sweeping Changes to Defense Contracting

At the end of 2024, Senator Roger Wicker (R-MS) published a plan (“Restoring Freedom’s Forge: American Innovation Unleashed”) and introduced a bill (the Fostering Reform and Government Efficiency in Defense Act or FoRGED...more

McDermott+

The Leaked OMB Passback Document: What It Is and Isn’t

McDermott+ on

Last week, a sensitive internal government document was leaked to the public: the White House Office of Management and Budget’s (OMB’s) passback to the US Department of Health and Human Services (HHS) laying out proposed...more

Paul Hastings LLP

Dramatic Shifts Point to Foundation for a Comprehensive Digital Asset Framework in the US

Paul Hastings LLP on

In just a few weeks, the landscape for crypto policy has continued to shift dramatically. The president signed into law the repeal of an IRS rule that would have expanded the definition of “broker” to capture DeFi protocols;...more

Hogan Lovells

EU Omnibus simplification package update – what's next in terms of timing and process for the Council and Parliament?

Hogan Lovells on

On 26 February 2025, the European Commission published its proposals for to postpone the application of the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CS3D)...more

Paul Hastings LLP

Permitting Reform Ramps Up in California With Introduction of ‘Housing Package’

Paul Hastings LLP on

For years, California has often been held up as the poster child for enervating environmental regulation. A primary target of this criticism has been the California Environmental Quality Act (CEQA), the landmark legislation...more

Ballard Spahr LLP

As Trump Administration rolls back CFPB’s work, New York wants to fill the void

Ballard Spahr LLP on

As the Trump Administration attempts to drastically cut CFPB funding and staffing, New York regulators and legislators are attempting to fill what could be a void in consumer protection efforts....more

A&O Shearman

UK AI policy developments and where next

A&O Shearman on

As the EU presses ahead with its implementation of the AI Act, the UK continues to develop its evolutionary approach to AI policy and regulation. As the new Labour Government starts to implement its perspective and ahead of a...more

White & Case LLP

Raft of California AI Legislation Adds to Growing Patchwork of US Regulation

White & Case LLP on

Once again, California is flexing its market power by taking bold and wide-ranging legislative action to regulate the use and deployment of artificial intelligence ("AI") systems. In 2024, the California ("CA") Legislature...more

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