Alerts

On January 16, 2025, Representative Andy Barr (R-KY) introduced a bill aimed at increasing the formation of new banks by easing regulatory requirements, particularly for de novo and rural financial institutions. The legislation seeks to address the declining number of new bank charters in recent years by phasing in capital standards and allowing greater flexibility in business plans for both depository institutions and bank holding companies.

The No Tax on Tips Act (“Act”) proposes a deduction of income tax on tipped income. A closer look at the long-term economic ramifications and administrative hurdles creates cause for concern surrounding this tax policy.

Two recent federal circuit cases reiterate what many patent holders and practitioners have observed: It is important to understand the deadlines that may dictate when a patent application should be filed to maintain exclusive rights to an invention.

This term, President Trump aims to prioritize strict enforcement of U.S. trade laws against perceived economic competitors. With adequate preparation through the implementation of existing trade tools, businesses can avoid, mitigate, and even recover tariffs.