Federal government contracts and grants require contractors to certify the delivery of domestic end products unless an exception applies. Domestic preference rules include the Buy American Act (BAA) and Trade Agreements Act (TAA). Recently, additional domestic preference requirements, such as Build America, Buy America and the Buy America Act, have also been applied to projects
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SEC Withdraws Proposed Shareholder Proposal Rules
The SEC has withdrawn proposed rules captioned “Substantial Implementation, Duplication, and Resubmission of Shareholder Proposals Under Exchange Act Rule 14a-8″. In conjunction therewith the SEC announced “The Commission does not intend to issue final rules with respect to these proposals.”
The SEC also withdrew 13 other proposed rules related to the Division of Investment Management…
Federal Agencies Hit Pause on MHPAEA 2024 Final Rule Enforcement
On May 15, 2025, the Departments of Labor, Health and Human Services, and Treasury (the “Departments”) issued a statement of non-enforcement (the “Statement”) announcing that they will not enforce the 2024 Final Rule under the Mental Health Parity and Addiction Equity Act (“MHPAEA”).
The MHPAEA requires group health plans to provide mental health and substance…
Is there a Simplification of the SEC’s Executive Compensation Rules in the Works?
The SEC announced today that it will host a roundtable on June 26, 2025, to discuss executive compensation disclosure requirements. The roundtable’s agenda and speakers will be disclosed at a later date.
Concurrently with the announcement of the roundtable, SEC Chairman Paul S. Atkins issued a statement regarding the roundtable, including questions for the staff…
SEC Comment Letters Did Not Form Basis for Caremark Claim
Amongst the issues discussed in a Delaware Chancery Court opinion in a case captioned In re Plug Power Inc. Stockholder Derivative Litigation, was whether SEC comment letters formed a basis for a Caremark Claim.
The Company received five comment letters from the SEC between mid-2018 and early 2021. The letters were dated September 5,…
HSA/HDHP Limits for 2026
On May 1, 2025, the Internal Revenue Service (IRS) released Revenue Procedure 2025-19, which provides the 2026 inflation adjusted limits related to Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs).
The following charts summarize the 2026 limits for HSAs and HDHPs. The 2025 limits are provided for reference.
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2025 Changes to the Minnesota Business Corporation Act
Govern Walz has signed legislation that includes the following changes to the Minnesota Business Corporation Act:
- Provides that bylaws may address emergency powers of a corporation where it is impracticable for the corporation to conduct affairs in accordance with the Minnesota Business Corporation Act
- Permits ratification or validation of defective corporate acts
- Allows a board
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SEC Addresses Disclosures in Offerings and Registrations of Securities in the Crypto Asset Markets
As part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets, the SEC’s Division of Corporation Finance has provided its views about the application of certain disclosure requirements under the federal securities laws to offerings and registrations of securities in the crypto asset markets.
Detailed guidance covers…
SEC Staff Speaks to Stablecoins
The SEC staff has promulgated new views on stablecoins. Specifically, the staff statement addresses stablecoins that are designed to maintain a stable value relative to the United States Dollar, or “USD,” on a one-for-one basis, can be redeemed for USD on a one-for-one basis (i.e., one stablecoin to one USD), and are backed by assets…
SEC Walks Away From Climate Disclosure Litigation
The SEC announced that the Commission had voted to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions.
SEC Acting Chairman Mark T. Uyeda said, “The goal of today’s Commission action and notification to the court is to cease the Commission’s involvement in the defense of the costly and…