The White House of the United States of America Building

The Trump administration continues to roll back policies on DEI and banking regulation while facing various lawsuits over its personnel, spending, and immigration actions.

This past week, the Trump administration continued to take action on DEI, barring certain DEI-related language from government contracts and closing an office within the EPA. It also rolled back Biden-era proposals to regulate banking and finance. Meanwhile, the administration continues to face litigation challenges in federal court, with judges blocking personnel actions, USAID spending freezes…

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SEC Staff seeking authority to issue subpoenas must now obtain Commission approval.

On March 10, 2025, in a vote that fell along party lines, the Securities and Exchange Commission (SEC or the Commission) issued a rule amendment to rescind the Commission’s 2009 delegation of authority to the Division of Enforcement for the issuances of formal orders of investigation.1 Formal orders of investigation provide the SEC Staff with the authority to issue subpoenas for documents and witness testimony, among certain…

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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
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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…

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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…

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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…

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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…

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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…

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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…

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Businesses trading with key global partners will face an uneven landscape of responses to the announced tariffs.

Update: On March 4, 2025, the Trump administration’s 25% tariffs on goods from Canada and Mexico, and additional 10% tariffs on goods imported from China, went into effect. China and Canada announced specific retaliatory tariffs in response, while Mexico announced a plan to respond.

Update: On February 10, 2025, the Trump administration issued a proclamation reinstating a 25% ad valorem tariff on steel imports…