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Regulatory Oversight Regulatory Reform Proposed Legislation

Troutman Pepper Locke

Bipartisan State AGs Urge Congress to Grant Access to Federally Regulated Banking and Financial Services to State-Regulated...

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In July 2025, a bipartisan coalition of 32 state and territorial attorneys general (AG) sent a letter to Congressional leaders urging the passage of the Secure and Fair Enforcement Regulation (SAFER) Banking Act. Their letter...more

Patomak Global Partners

The Future of U.S. Crypto Regulation: Analyzing the CLARITY Act and the RFIA

Situation Overview: The Administration, Congress, and regulators continue to advance efforts to establish legal and regulatory clarity for digital assets in the United States. The recent passage of the Guiding and...more

Hogan Lovells

Turnaround of Medical Cannabis in Germany? – Draft bill by new German Government to address alleged missteps

Hogan Lovells on

On June 18, 2025, the Federal Ministry of Health (Bundesministerium für Gesundheit - BMG) published a draft bill proposing severe amendments to the German Medical Cannabis Act (Medizinal-Cannabis Gesetz - MedCanG) – just a...more

Paul Hastings LLP

Update on Crypto Market Structure Legislation: Senate Banking Draft and CLARITY Act

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The Senate Banking Committee, which has jurisdiction over the SEC, released its long-anticipated digital asset market structure legislation, titled the “Responsible Financial Innovation Act of 2025.” The Committee’s draft...more

A&O Shearman

UK Government consults on measures to support UK sustainable finance

A&O Shearman on

The UK Government's Department for Energy Security & Net Zero has published a series of three consultations on proposals to help UK-regulated financial institutions and large companies to develop climate transition plans. The...more

Hogan Lovells

Building Safety Act: Changes to the Building Safety Regulator

Hogan Lovells on

The government has announced changes to the Building Safety Regulator, aimed at tackling current delays to the approvals process. Building Safety Regulator - Delays The Building Safety Act (BSA) created a new Building Safety...more

Orrick, Herrington & Sutcliffe LLP

What Does the ‘Big Beautiful Bill’ Mean for AI Regulation?

Budget reconciliation bill H.R.1, the “One Big Beautiful Bill Act,” currently pending in the U.S. Senate, includes not only tax and spending provisions but also a proposed five-year pause on state and local enforcement of...more

Jackson Lewis P.C.

The Potential For One Long Moratorium on AI Regulation

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The federal budget bill titled One Big Beautiful Bill aims to unharness artificial intelligence (AI) development in the U.S. The current draft of the bill, which has passed the House, proposes a 10-year moratorium on the...more

Ballard Spahr LLP

Senate Republicans get Parliamentarian’s approval to slash CFPB funding in massive budget bill

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Senate Banking, Housing and Urban Affairs (Banking Committee) Republicans have received the Senate Parliamentarian’s approval to cut the CFPB’s funding. As a result, in the large budget reconciliation bill now being written...more

Lowenstein Sandler LLP

Crypto Brief - Lowenstein Crypto Newsletter - June 26, 2025

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On June 24, Senate Banking Committee Chair Tim Scott, R-S.C., along with Sen. Cynthia Lummis, R-Wyo.; Sen. Thom Tillis, R-N.C.; and Sen. Bill Hagerty, R-Tenn., released a set of principles outlining the foundation for a...more

Troutman Pepper Locke

Federal “Temporary Pause” of State AI Laws Clears Procedural Hurdle as Sides Draw Battle Lines

Troutman Pepper Locke on

One of many provisions in the “One Big Beautiful Bill Act,” passed by the U.S. House of Representatives, would place a 10-year “temporary pause” on states’ ability to regulate artificial intelligence (AI). Initially called a...more

Ballard Spahr LLP

Senate Parliamentarian says elimination of CFPB funding cannot be included in budget bill but delay of Section 1071 rule passes...

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The Senate parliamentarian has ruled that a key Senate Banking, Housing and Urban Affairs (Banking Committee) provision that would eliminate all funding for the CFPB cannot be included in the massive budget reconciliation...more

Zelle  LLP

AI Update: Insurance Commissioners Challenge One Big Beautiful Bill Act’s Definition of Artificial Intelligence

Zelle LLP on

One Big Beautiful Bill Act (“OBBA”) which would impose a 10-year freeze on new state-level artificial intelligence regulations and suspend enforcement of existing ones is being challenged by several state insurance...more

Ballard Spahr LLP

President Trump’s Budget Goes To Work Against Enforcement Agencies with Significant Cuts to DOL and NLRB

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President Trump’s proposed budget for Fiscal Year (FY) 2026 includes substantial reductions to the U.S. Department of Labor’s (DOL) budget and staff.  The proposed discretionary budget is slashed from $13.5 billion to $9...more

Bradley Arant Boult Cummings LLP

God Only Knows: California Moves to Ban Hemp Products

As expected by many, Gov. Gavin Newsom’s administration proposed a permanent ban on many of the hemp products available in the state, as reported in SFGate (emphasis added): The California Department of Public Health...more

Pillsbury Winthrop Shaw Pittman LLP

Water, Reused: Texas Reshapes Liability and Regulatory Rules on Produced Water, Leaves Ownership Questions Unanswered

The Texas legislature passed a series of bills aimed at modernizing the legal and regulatory landscape for the handling and reuse of produced water—a byproduct of oil and gas operations. These developments address permitting,...more

McDermott Will & Schulte

House Budget Reconciliation Bill Would Delay State AI Regulation

On May 22, 2025, the US House of Representatives passed the budget reconciliation bill, known as the “One Big Beautiful Bill Act,” which includes language that would prohibit any state from enforcing any law or regulation...more

White & Case LLP

AI Watch: Global regulatory tracker - Spain

White & Case LLP on

Spain pioneers AI governance with Europe's first AI regulator (AESIA), an already active regulatory sandbox, and a draft national AI law implementing the EU AI Act. Laws/Regulations directly regulating AI (the “AI...more

Troutman Pepper Locke

NAIC Responds to Proposed 10-Year Moratorium on State Regulation of AI in One Big Beautiful Bill Act

Troutman Pepper Locke on

There is a proposed 10-year moratorium on the enforcement of state laws that regulate artificial intelligence (AI) contained in Section 43201(c) of H.R.1 – One Big Beautiful Bill Act. ...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

Holland & Knight LLP

U.S. House of Representatives Approves 70 Percent Cut to CFPB Funding

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The U.S. House of Representatives has passed an extensive budget reconciliation bill that would reduce the CFPB budget by 70 percent. In a 215-214 vote along party lines, the budget cut first approved by the House Committee...more

Cozen O'Connor

Cozen Cities - May 28, 2025

Cozen O'Connor on

BALTIMORE—City Seeks Return of Sports Betting Lawsuit to Local Court - The City of Baltimore is requesting that its consumer protection lawsuit against DraftKings and FanDuel be moved back to Baltimore City Circuit Court,...more

Arnall Golden Gregory LLP

Locked Out: How a Federal Moratorium on AI Regulation Could Reshape Healthcare Oversight

On May 22, 2025, the U.S. House of Representatives passed the “One Big Beautiful Bill Act” (H.R. 1) by a vote of 215-214, which includes a significant provision imposing a 10-year moratorium on state and local regulation of...more

Goodwin

House Passes 10-Year Federal Moratorium on State AI Regulation: Key Implications for Businesses

Goodwin on

On May 22, 2025, the House of Representatives narrowly passed the "One Big Beautiful Bill Act," a budget reconciliation package setting forth President Trump’s domestic agenda, including a sweeping 10-year federal moratorium...more

Ballard Spahr LLP

Budget bill would cut CFPB funding

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The huge FY26 budget reconciliation bill, H.R. 1, dubbed the “One Big Beautiful Bill Act,” contains provisions that would slash CFPB spending....more

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