On Oct. 30, 2023, President Biden issued a broad executive order designed to manage risks associated with AI. This is a mammoth order, touching nearly every industry and instructing entities (departments, agencies, etc.) across the government to take a range of action. This GT Advisory breaks down how the EO may affect various businesses, including
On Oct. 25, the House elected Rep. Mike Johnson (R-LA) Speaker of the House of Representatives by a 220-209 vote. Now that a Speaker has been elected, Congress is on the clock to come up with a plan to avoid a government shutdown that will occur if they fail to pass a spending plan or
Government shutdowns present challenges for many Americans. For federal contractors, the potential shutdown on Sept. 30 could be particularly challenging.
While there is no way to know how long this one could last (the shutdown of 2018-19 lasted 35 days), contractors should be prepared for all scenarios. Here we offer action items government contractors should
On Aug. 9, 2023, the Biden administration issued a long-anticipated Executive Order restricting equity, venture capital, and joint venture investments in China. The Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern for the first time will prohibit certain U.S. outbound foreign investment transactions, and in
On July 25, 2023, the Senate voted 91 to 6 to approve the Outbound Investment Transparency Act as an amendment to the National Defense Authorization Act. The legislation was proposed by Sens. John Cornyn (R-TX) and Bob Casey (D-PA). It would require companies to disclose investments or acquisitions involving entities in China, Russia, Iran, and
On Jan. 26, 2023, the Environmental Protection Agency (EPA) solicited public input to inform two new Inflation Reduction Act (IRA) programs creating standards and labeling for construction materials that have “substantially lower levels of embodied greenhouse gas emissions.” Section 60112 of the IRA appropriates $250 million for grants and technical assistance to manufacturers, States, Indian
The split party control in the U.S. Senate and House of Representatives will require bipartisanship to produce successful legislation over the next two years. While negotiations surrounding high-profile issues like increasing the debt limit and passing individual appropriations bills will receive much attention in the months ahead, here are 10 other issues worth watching where
As Congress returns to session next week following the midterm elections, it will attempt to pass an enormous amount of pending legislation with only four to six weeks of session remaining. Here is a list of “must pass” measures, significant expiring programs, and other major legislation that may be considered.
In late July the House Financial Services Committee made tentative plans to consider legislation to regulate stablecoins and require the Federal Reserve to study development of a central bank digital currency. A draft proposal reportedly had the bipartisan support of Chairwoman Maxine Waters (D-CA) and ranking Republican Patrick McHenry (R-NC). However, last