On March 15, 2022, Attorney General Merrick B. Garland sent a memorandum to the heads of federal departments and agencies concerning Freedom of Information Act (“FOIA”) issues. In the memorandum, he urged departments and agencies to employ a “presumption of openness” in responding to FOIA requests.
Over the past few weeks, the White House has highlighted the continued importance of attracting talented scientists and engineers from around the world, and supporting the fields of science, technology, engineering, and mathematics (STEM).
A virtual discussion on the regulatory aspects of the EO, its potential policy outcomes, and practical impacts on affected businesses. On July 9, 2021, President Joe Biden issued a far-reaching executive order (EO) on Promoting Competition in the American Economy that establishes a “whole-of-government effort” aimed at reducing corporate consolidation. The EO calls for federal agencies to undertake 72 separate initiatives across a range of industry sectors, including financial services, technology, transportation and communication services.
In a March 30, 2021 announcement, the Biden administration announced that it would be extending relief to approximately 1.14 million student loan borrowers who previously were not covered under the CARES Act relief enacted last year.
On April 14, 2021, the Internal Revenue Service released proposed rules for allowing non-US persons with US-taxable capital gains to invest in qualified opportunity funds (QOFs) without first suffering US withholding on such gains. Mark Leeds and Stephanie Wood, tax lawyers with the New York office of Mayer Brown, analyze these developments in the attached Legal Update.
This Legal Update discusses federal and state limits for the most common types of contributions for the upcoming elections.
On March 31, 2021, the Biden administration released the American Jobs Plan (the “Infrastructure Plan”), which is a proposal that, if ultimately enacted, aims to modernize outdated infrastructure, create additional jobs and increase the United States’ global competitiveness.
On March 29, 2021, the Biden administration announced a “set of bold actions that will catalyze offshore wind energy, strengthen the domestic supply chain, and create good-paying, union jobs,” with a target to deploy 30 GW of offshore wind by 2030 to support 77,000 jobs, power 10 million homes and cut 78 million metric tons in carbon emissions.
Elections matter, and the Biden Administration is quickly putting its stamp on US trade policies in ways that will have a significant impact on global supply chains. We identify several trends in this Legal Update.
On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (ARPA) which contains a variety of employee benefit provisions.
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