This measure significantly expands the scope of Entity List and Military End-User List restrictions, imposing heightened diligence obligations and complicating EAR compliance.

By Les P. Carnegie, Damara L. Chambers, Charles Claypoole, Andrew P. Galdes, Robert Price, Eric S. Volkman, Ruchi G. Gill, Monica Calce, Matthew Crawford, Eric Green, Matthew R. Gregory, Joelle Hageboutros, Elliot W. Hecht, Thomas F. Lane, Christopher (C.J.) Rydberg, Maria Krol Stosz

The shutdown’s effect on federal court proceedings is in flux. For now, most litigants should expect business as usual in the nation’s courthouses, at least in private civil matters.

By Nicholas J. Boyle, Roberto J. Borgert, and Katherine Griffitts

Updated on October 23, 2025

On October 17, 2025, the Administrative Office of the US Courts confirmed that the federal judiciary has exhausted its funding to sustain full, paid operations. Under the Anti-Deficiency Act, court staff may only perform

  • Since the 2014 adoption of asset-level disclosure requirements, there has not been a single public offering of residential mortgage-backed securities. Market participants have cited these requirements as a key barrier to the return of the public securitization market.
  • New and expanding types of asset-backed securities have prompted

With the government shutdown in effect, many federal agencies are operating with limited staff, leading to delays in regulatory approvals, permits, and federal contracts.

By Erin Brown Jones, Amanda P. Reeves, and Cory Tull

As of October 1, 2025, the federal government has entered a shutdown. Understanding the current status of government funding, what to expect during this shutdown, and how agencies plan to operate can help businesses manage the challenges ahead. The federal government is primarily funded

Regulators are directed to avoid reputation risk, identify banks that have engaged in unlawful debanking, and take appropriate remedial actions.

By Marc P. Berger, Betty M. Huber, Arthur S. Long, Benjamin Naftalis, Parag Patel, Stephen P. Wink, Douglas K. Yatter, Pia Naib, and Deric Behar

On August 7, 2025, President Trump issued an executive order titled “Guaranteeing Fair Banking for All Americans” (the Order). The Order, described further in an accompanying fact

The guidance reflects a key step in the administration’s broader strategy to root out DEI efforts in the private sector.

By Danielle Conley, Danielle J. McCall, Anne W. Robinson, Jude Volek, Rhea Marie Fernandes, and Catherine J. Yao

On July 29, 2025, US Attorney General Pam Bondi issued a memorandum that provides guidance for recipients of federal funding regarding “unlawful discrimination” on the basis of race, color, national origin, sex, religion, or other protected characteristics

The plan seeks to limit AI regulation at the federal and state level, encourages rapid development of AI infrastructure, and warns against ideological bias in models.

By Michael H. Rubin, Sy Damle, Andrew Gass, Ghaith Mahmood, and Fiona M. Maclean

On July 23, 2025, the Trump administration released a 28‑page AI strategy document titled “Winning the Race: America’s AI Action Plan” (the Action Plan or Plan). The Action Plan was drafted pursuant to Executive Order 14179

A new executive order seeks to streamline funding for and construction of data center projects by reducing regulatory red tape.

By Nikki Buffa, Aron Potash, Tal Carmeli, and Shawna Strecker

On July 23, 2025, the Trump administration issued an executive order titled “Accelerating Federal Permitting of Data Center Infrastructure” (the Order). The Order aims to “facilitate the rapid and efficient buildout” of data centers and associated infrastructure such as high‑voltage transmission lines and other equipment by “easing

The Trump administration scrapped the “revenge tax” but has extended the implementation of additional tariffs on more than 50 countries until August 1.

By the Tax Controversy Practice

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (the OBBB) into law, making permanent the reduced individual tax rates and brackets established by the Tax Cuts and Jobs Act of 2017 and modifying a number of important tax provisions affecting businesses.1

This blog post highlights the