On March 20, 2025, Latham lawyers will provide an overview of tax administration, enforcement, and reform developments this year.

As the tax landscape continues to shift in the new Trump administration, understanding the latest developments is essential for strategic planning and compliance. In this installment of the firm’s We’ve Got Washington Covered webcast series, Latham lawyers will provide an overview of key tax developments to date in 2025.

This webcast will cover:

  • Tax administration and enforcement: IRS enforcement trends amid

Under its new acting chairman appointed by President Trump, the FDIC charges ahead with its new agenda by rolling back key Biden-era regulatory efforts.

By Arthur S. Long, Pia Naib, and Deric Behar

On March 3, 2025, the Federal Deposit Insurance Corporation (FDIC) announced that its Board of Directors1 voted to rescind the agency’s 2024 Statement of Policy on Bank Merger Transactions and withdraw four other Biden-era proposals.

The sweeping purge effectuates Acting Chairman Travis Hill’s top

Government contractors and subcontractors should be on the lookout for contract modifications as agencies begin implementing DEI-related Executive Orders.

By Dean W. Baxtresser, Danielle Conley, Kyle R. Jefcoat, Anne W. Robinson, Morgan Maddoux, Jude Volek, and Kiley Boland

The General Services Administration (GSA) and Department of Defense (DOD) — the US government’s two leading procurement agencies — have each issued Federal Acquisition Regulation (FAR) class deviations implementing the recent executive orders related to Diversity

The administration continues to advance its agenda via executive orders amid confusion around rollbacks and rescissions.

This week, the Trump administration continued to sign several new executive orders imposing and rolling back new tariffs, and establishing a strategic bitcoin reserve, among others. President Trump also addressed a joint session of Congress on March 4, 2025, for the first time since retaking office. In his speech, the president highlighted the executive orders he has issued and outlined his vision for how

A Maryland federal judge refused to suspend or narrow the nationwide preliminary injunction against DEI-related executive orders.

On March 3, 2025, a federal court in Maryland denied the Trump administration’s request to stay or narrow a nationwide preliminary injunction that blocks enforcement of certain aspects of executive orders aimed at ending diversity, equity, and inclusion (DEI) programs in both the public and private sector. The orders sought to terminate all federal government DEI programs and targeted illegal DEI practices in

Companies trading with key global partners will need to navigate evolving tariff frameworks, including actions from China and Canada.

On March 4, 2025, the Trump administration’s previously announced tariffs on imports from Canada and Mexico went into effect following a 30-day pause. Separately, on March 3, President Trump issued an executive order titled “Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China” that increases previously imposed tariffs on Chinese products from 10% to

The policy statement aims to bring more rapid action on personnel and management decisions and empowers HHS and each of its offices and subagencies to promulgate or rescind certain rules without a period of notice and comment rulemaking.

By Nathan A. Beaton, Jason B. Caron, Eric C. Greig, William A. McConagha, and Elizabeth M. Richards

On March 3, 2025, the Department of Health and Human Services (HHS), under the leadership of Secretary Robert F. Kennedy

The SEC Staff now allows confidential draft submissions for all follow-on offerings, shelf offerings, and M&A, enhancing flexibility.

By Michele Anderson, Alex Cohen, Paul Dudek, and Joel Trotter

The SEC Staff has expanded the ability of issuers to make confidential submission of draft registration statements and clarified the procedures for making confidential submissions. This new policy takes effect immediately.

The move follows a February 24, 2025, speech by Securities and Exchange Commission Acting Chairman Mark T. Uyeda

The proposed cuts would place a 15% indirect cost rate on all new and existing grant awards received by research institutions and universities.

By Jason B. Caron, Kyle R. Jefcoat, Erin Brown Jones, Elizabeth M. Richards, Dean W. Baxtresser, Jude Volek, Danielle Conley, Anne W. Robinson, and Danielle N. Scheer

Update: On February 21, 2025, the US District Court of Massachusetts ordered that the existing TROs entered on February 10, 2025, be

The administration also turned its focus to copper imports, bird flu, and a proposed new path to American citizenship.

This week, President Trump signed several new executive orders related to healthcare costs, copper imports, and the Department of Government Efficiency (DOGE), among others. The administration also announced strategies for addressing the bird flu breakout as well as a plan for a $5 million “gold card” path to American citizenship. Late last week, a federal judge enjoined implementation of key portions