All Perspectives

Today, President Joe Biden signed into law the Inflation Reduction Act of 2022 (the “Act”). Although the proposal further restricting the availability of long-term capital gain treatment with respect to carried interests ultimately was dropped from the final version of the bill.

Bankruptcy & Financial Restructuring Partner George Angelich is named one of Global M&A Network’s 2022 Top 100 Restructuring and Turnaround Professionals.

ArentFox Schiff is pleased to announce that Partner Eva Pulliam has been named to the Minority Corporate Counsel Association’s (MCCA) 2022 Rising Star list.

The Inflation Reduction Act of 2022 (IRA), has several primary goals, including: promoting clean energy, manufacturing, and construction through a wide array of tax incentives and grants; and raising revenue through the primary mechanisms of a new corporate alternative minimum tax.

Christine Quigley will present at the ABA RPTE Skills Training for Estate Planners virtual conference on August 12, 2022.

Headlines that Matter for Companies and Executives in Regulated Industries

Partner Hillary Stemple was quoted by Pink Sheet on how the US Department of Health and Human Services (HHS) and US Food and Drug Administration (FDA) could expand access to medication abortion, in line with President Biden’s July executive order.

The Commodity Futures Trading Commission, under a reconstituted Commission, is signaling a new era of aggressive enforcement of the Commodity Exchange Act. 

Consent decrees play a major role in environmental litigation. This week, Maine People’s Alliance v. Holtrachem Manufacturing Company, one of the nation’s longest-running cases under the RCRA citizen suit provisions, has essentially ended with a Maine district court’s entry of a consent decree.

The ongoing worldwide semiconductor shortage will cause more than 100,000 vehicles to be cut from North American production schedules this week, Automotive News reported Sunday. Over 180,000 vehicles are expected to be dropped globally.

Clean car drivers who love to keep their car garaged or covered need not apply.

As use of cryptocurrency investment has increased throughout the world, regulators have faced a bevy of novel questions, especially related to applying different strains of law to regulate novel digital assets.

- The efforts to legalize cannabis have gained traction in some states and run into serious roadblocks in others.
- Nineteen states allow adults to possess and use cannabis for non-medical uses (adult use).  
- Thirty-seven states allow for medical cannabis use through state run programs.

Five new state omnibus privacy laws have been passed and will go into effect in 2023. 
Organizations should review their privacy practices and prepare for compliance with these new privacy laws.

Most of California’s Industrial Welfare Commission (IWC) wage orders mandate that employees “shall be provided with suitable seats when the nature of the work reasonably permits the use of seats.

In a newly filed lawsuit against the State of Idaho, the federal government argues that Idaho’s “near-total ban on abortion,” scheduled to take effect on August 25, 2022, overreaches by prohibiting abortion even where federal law may require physicians to perform an emergency abortion.

Regulators at all levels – federal, state, and local – seek to address climate concerns. On July 27, Washington, DC, joined localities banning natural-gas hookups when Mayor Muriel Bowser signed an ordinance limiting use of fossil fuels like natural gas in newly constructed buildings.

Headlines that Matter for Companies and Executives in Regulated Industries

Brian Janowsky will speak at the Hawaii Estate Planning Council on August 4, 2022.

The use of cryptocurrencies for online purchases has been steadily gaining popularity. However, using crypto to pay for goods in stores has been slow due to the lack of infrastructure that can support crypto transactions.

A series of new developments combine to make the broad topic of Environmental, Social, and Governance (ESG) investing, disclosure, and regulation more relevant to the not-for-profit healthcare sector (Sector).

ArentFox Schiff Partners Darrell Gay and Mamta Shah recently partnered with Capalino’s Travis Terry and Jeanne Mullgrav for an important conversation about recent US Supreme Court decisions and strategies businesses should be considering for addressing these crucial issues now and in the future.

The Metaverse offers broad opportunities for trade associations to expand their reach and enhance member experiences like never before. These new and exciting possibilities, however, come with unique challenges. This alert gives a brief overview of the Metaverse and highlights a few key benefits.

The Centers for Medicare & Medicaid Services (CMS) issued its annual proposed rule related to the Hospital Outpatient Prospective Payment and Ambulatory Surgical Center Payment Systems for 2023 (the HOPPS Proposed Rule) on July 26, 2022.

ArentFox Schiff secured a complete victory in an appeal before the Third Circuit, which found our client responsible for $0 of actual or intended loss in a case that the federal government claimed was “one of the largest, if not the largest, theft of trade secrets in U.S. history.”