THE BIDEN TRANSITION
The Biden Administration – Immigration Priorities Heat Map
On the cusp of the January 20, 2021 US presidential inauguration, the Trump administration has a few remaining days to take action on immigration priorities that have been key to the president’s platform. By presidential proclamation, the current administration extended a travel ban just a few short hours before the ban’s original expiration on December 31, 2020. The Biden administration has identified its own immigration agenda, much of which focuses on rescinding or unwinding the Trump administration’s executive actions.
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Approaching Student Loan Relief Piecemeal: The Biden Administration Extends CARES Relief to Defaulted FFELP Student Loan Borrowers; Weighs Options for Further Measures
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.
Qualified Opportunity Fund Update: Likely Biden Administration Changes & New Rules for Non-US Investors & Working Capital Safe-Harbor
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the American Jobs Plan (the “Infrastructure Plan”), which is a proposal that, if ultimately enacted, aims to modernize outdated infrastructure, create additional jobs and increase the United States’ global competitiveness.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.
Geopolitical Risk Considerations: The New US Administration, US-China Relations and Issues for Japan
Satoru Murase spoke on “Geopolitical Risk Considerations: The New Biden Administration, U.S.-China Relations, and Issues for Japan” at a Marsh McClennen Japan Virtual Event announcing the “Report on Global Risks 2021″ issued on January 19 by the World Economic Forum.
This Legal Update discusses federal and state limits for the most common types of contributions for the upcoming US elections.
Leading Chemical Sector Participants Discuss Changes Under the Biden Administration and the New Congress
Does the 5th Amendment’s protection against self-incrimination apply in congressional investigations?
In this episode, Michael and Andrew address an important question for witnesses appearing before a congressional committee: does the 5th Amendment protection apply in congressional investigations the same way it does in Article III courts?
To help navigate the evolving U.S. enforcement landscape, we held a webinar led by four Mayer Brown partners—all of whom had served as U.S. government prosecutors or regulators. In this webinar, they provided their insights into how that increased enforcement scrutiny may impact Brazilian companies with any U.S. touchpoints, and explored ways that Brazilian companies can proactively reduce their risks.
Quick Insights on Congressional Investigations is a biweekly video interview series hosted by Mayer Brown partners Michael Levy and Andrew Olmem. In this episode, Michael and Andrew share some high-level insights on how to formulate an effective media strategy during a congressional investigation.
Join us for partner Christina Thomas’s overview of the US Securities and Exchange Commission’s ESG regulations—and what she expects will change in the near future, with a new president in the US and a new chair at the SEC.
In this special episode, Michael and Andrew share their key takeaways from the first high-profile investigative hearing of the 117th Congress, conducted by the US House Committee on Financial Services: “Game Stopped? Who Wins and Who Loses When Short Sellers, Social Media, and Retail Investors Collide.”
Quick Insights on Congressional Investigations is a video interview series hosted by Mayer Brown partners Michael Levy and Andrew Olmem. In this episode, Michael and Andrew explore the fairly novel—but not entirely unprecedented—situation involving an evenly divided US Senate, and how these dynamics may impact congressional investigations going forward.
Quick Insights on Congressional Investigations is a video interview series unpacking the nuanced complexities underlying congressional investigations and provide guidance on how companies can manage and minimize the impacts. Each episode is short and tackles one question relating to congressional investigations.
In this episode, Michael and Andrew delve into the consequences of lying to Congress from a legal and practical perspective. Beyond the obvious situations that involve knowingly lying under oath while testifying at a congressional hearing, there are also legal ramifications for concealing material facts or knowingly submitting documents that contain false statements.
Andrew Olmem and Jonathan Becker, partners in Mayer Brown’s public policy group, will provide an overview of the spending priorities in the Biden administration’s nearly $2 trillion infrastructure proposal, titled the “American Jobs Plan.”
A Biden administration could impact regulatory policy and enforcement priorities—and, consequently, the economy—considerably. Please join Mayer Brown partners Michael Levy, Andrew Olmem and Larry Platt as they discuss the potential reverberations in the global financial markets.