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SEC Proposes Rescission Of The Pay-to-Play Rule
The U.S. Securities and Exchange Commission (the “SEC” or “Commission”) has proposed to rescind Rule 206(4)-5 under the Investment Advisers Act of 1940[1] (the “Advisers Act”), commonly known as the “Pay-to-Play Rule”.[2] Issued on September 3, 2026, the proposal (the “Proposal”) follows years of industry advocacy and statements from Commissioners critical of the rule; notably, in the months leading up to the Proposal, Chairman Atkins characterized the rule as “a trap for the unwary.”
United States Commercial
ST
Simpson Thacher & Bartlett
Article
California Legislative Update: Which Bills Will Make The Cut?
California's 2026 legislative session concluded with fewer employment bills than in previous years, but several significant measures await Governor Newsom's decision by September 30. Key proposals address automated decision systems in employment, workplace surveillance restrictions, expanded bereavement leave, AI-driven workforce displacement notices, and modifications to last year's controversial "stay-or-pay" legislation.
United States Employment
SS
Seyfarth Shaw LLP
Article
IRS Proposes Regulations Addressing Race-Based Programs In Tax-Exempt Private Schools
The IRS and Treasury Department have proposed sweeping new regulations that could strip tax-exempt status from private schools using race-based criteria in admissions, scholarships, or programs—even when designed to promote diversity or remedy historical discrimination. These proposed rules would affect an estimated 18,000 educational institutions nationwide and create significant compliance challenges for schools, their donors, and holders of tax-exempt bonds financing educational facilities.
United States Tax
GT
Greenberg Traurig, LLP
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Weekly Sanctions Update: August 31, 2026
The US Treasury Department has launched "Operation Economic Outcast," the most comprehensive economic pressure campaign ever directed at Iran, featuring expanded secondary sanctions, revoked banking access, and new sector-wide restrictions. Simultaneously, the administration has granted significant sanctions relief to Syria while tightening measures against terrorist support networks and updating Venezuela-related authorizations. These developments signal a major shift in US sanctions policy that will requi
Worldwide Government
S
Steptoe LLP
Article
Interview With Elton Smole, Analyst
Intelligence analyst Elton Smole examines the dramatic political realignment sweeping Latin America, where a wave of right-wing electoral victories has reshaped regional dynamics and intensified geopolitical competition between the United States and China. From security cooperation and trade disputes to infrastructure battles and resource competition, the region faces a complex balancing act between American political influence and Chinese economic partnerships.
United States International
S
Steptoe LLP

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Employment and HR

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Explore articles covering topics such as Discrimination, Employee Benefits and Compensation, Health and Safety, Unfair/Wrongful Dismissal, Whistleblowing, Employment Rights, Outsourcing and Redundancy..

Article
California Legislative Update: Which Bills Will Make The Cut?
California's 2026 legislative session concluded with fewer employment bills than in previous years, but several significant measures await Governor Newsom's decision by September 30. Key proposals address automated decision systems in employment, workplace surveillance restrictions, expanded bereavement leave, AI-driven workforce displacement notices, and modifications to last year's controversial "stay-or-pay" legislation.
United States Employment
SS
Seyfarth Shaw LLP
Article
Worth The Wait: After 45 Years, Dependent Care Assistance Programs Finally Get Regulations
After 45 years, the IRS has issued proposed regulations providing detailed guidance on nondiscrimination testing for dependent care assistance programs (DCAPs), including new correction mechanisms and clarifications on eligibility, contributions, and benefits testing. The regulations also address employer contributions and nondiscrimination rules for Trump Accounts.
United States Employment
SS
Seyfarth Shaw LLP
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Donald Trump Administration

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Covers Donald Trump's Presidency, providing expert thought leadership across the various legal practice areas that may be impacted.

Including but not limited to Employment and HR, Immigration, International Law, Environment Law and Technology.

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DOE Seeks Comments On Foreign Power Equipment Restrictions Under Trump Executive Order
The Department of Energy has issued a request for information on implementing President Trump's Bulk-Power System Executive Order, which would prohibit imports and installation of certain foreign-produced electric equipment deemed a national security risk. The RFI seeks public input on critical implementation questions including equipment scope, foreign entity definitions, supply chain risk assessment, and how to address already-installed equipment. Comments are due October 9, 2026, providing stakeholders a
United States Government
S
Steptoe LLP
Article
Trump Administration Issues Executive Order Regarding Bulk Power System Equipment; DOE Requests Further Information
President Trump's Executive Order 14421 establishes a comprehensive framework for screening foreign-produced equipment in the U.S. bulk-power system, potentially affecting transformers, inverters, battery storage, and control systems tied to certain foreign entities. The Department of Energy has 120 days to issue implementing regulations and is seeking stakeholder input through a Request for Information to balance grid security concerns with reliability, supply chain constraints, and economic impacts across
Worldwide Energy
B
Bracewell
Article
Medical Marijuana In Schedule III Survives Its First Major Challenge
On September 9th, the United States Court of Appeals for the District of Columbia denied a motion to stay filed by SAM, Inc. and the National Drug and Alcohol Screening Association, Inc. (collectively, “SAM”). The motion sought to stay (pause) the Attorney General’s final order placing state legal medical marijuana into Schedule III of the Controlled Substances Act (“CSA”). While this ruling merely maintains the status quo, it is still a significant victory for state legal medical marijuana operators.
United States Criminal
HS
Harris Sliwoski
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