President Joe Biden and Vice President Kamala Harris have set an aggressive pace of executive orders, regulatory and legislative changes, and proposed rulemaking to address the ongoing COVID-19 pandemic, a recovering economy, calls for racial justice, existing immigration and foreign policy, and a renewed focus on climate change, among other priorities. To help clients navigate those changes, Morgan Lewis is providing analysis of executive orders, key agency developments, and enacted and proposed regulations.
In response to the surge in COVID-19 cases in India, the Biden-Harris administration announced on April 30 that the COVID-19-related admission bans currently in place will be expanded to include travelers from India. The ban is currently scheduled to go into effect at 12:01 am EDT on May 4.
The Biden-Harris administration on April 28 introduced the American Families Plan (AFP), a $1.8 trillion legislative framework including provisions to “grow the middle class, expand the benefits of economic growth to all Americans, and leave the United States more competitive.” The AFP would expand access to education, reduce the cost of child care, create a national comprehensive paid family and medical leave program, and extend or make permanent certain tax credits for families with children and low and middle-income households, such as the Child Tax Credit and the Child and Dependent Care Tax Credit.
US President Joseph Biden and Vice President Kamala Harris have consistently framed their policies with what they call the four major “crises” facing the nation: COVID-19, the economy, climate, and inequity.
During the Leaders Summit on Climate, hosted by the Biden-Harris administration on April 22 and 23 in Washington, DC, President Joseph Biden set aggressive goals for reducing greenhouse gas (GHG) emissions in the United States.
The Biden-Harris administration has set its sights on an ambitious environmental policy agenda, focusing on climate change and environmental justice as key initiatives, and intends to implement its agenda through an “all of government” approach. The all-of-government strategy, first deployed in the United Kingdom in the late 1990s, employs a coordinated, multi-department, multi-agency approach to address particularly complex problems.
The pace of regulatory and legislative developments in climate change and renewable energy over the past few years has been dizzying. With a new US presidential administration now focused on energy issues, examples set from forward-thinking states, and recent lessons learned on the importance of grid stability, here are some of the expected federal actions aimed at achieving energy goals in the “new abnormal.”
In the US Securities and Exchange Commission staff’s most recent guidance addressing environmental, social, and governance (ESG) investing, the staff of the Division of Examinations released an April 9 Risk Alert noting observations made during recent examinations of investment advisers and funds (both registered and private) engaged in ESG investing.
The VATM Yearbook 2021 takes an honest look at the current broadband and regulatory situation, analyzes problem areas, and offers solutions on how to achieve what is feasible and how to get there. Clear political perspectives for the post-election period are presented by the general secretaries of the major parties in Germany.
Morgan Lewis partners Elizabeth Goldberg and Matthew Hawes provided insight to Pensions & Investments about the DOL’s new cybersecurity guidance to retirement plan sponsors and fiduciaries.
A recent Investment News article referenced a Morgan Lewis LawFlash, which discussed the US Department of Labor’s issuance of three pieces of subregulatory guidance addressing the cybersecurity practices of retirement plan sponsors, vendors, and plan participants.
Morgan Lewis partner and former DOL deputy solicitor for national operations Susan Harthill was quoted by Law360 in an article concerning President Biden’s efforts to chart a different course from that of his predecessor on employment policy. Susan told Law360, “basically, the entire [Trump] executive order and agency actions, whether that be enforcement or investigations or any proposed rulemaking, [have] all just been completely abandoned at this point."
Partners Kirstin Gibbs and Ella Foley Gannon were quoted by Law360 in an article about the new US presidential administration’s efforts toward tackling climate change.
Partner Levi McAllister authored a Law360 article about the threshold issues of which market participants affected by electric vehicle (EV) penetration should be aware. In the piece, Levi discussed current growth trends and projections, the Biden-Harris administration’s agenda related to EVs, and practical issues in the sector.
Partner Randy McGeorge spoke with Bloomberg Law about the financial assistance for union-brokered pensions included in the Biden-Harris administration’s COVID-19 relief package. The funds are only available through 2051, so Randy said in the article, “what the law does is not provide a permanent bailout but, rather, kicks the can down the road on these existing issues for about 30 years.”
Partner Eleanor Pelta spoke with International Employment Lawyer about the Biden-Harris administration’s decision to allow the Trump-era “wealth test” order to lapse.
Partner Jeff Boujoukos was quoted in a Board IQ article about the prospect of mutual funds being allowed to directly invest in cryptocurrency under the new potential leadership of the US Securities and Exchange Commission (SEC).