United States: Compliance

The Office of Management and Budget has proposed a dramatic overhaul of federal grantmaking regulations that would fundamentally alter how grants are awarded, administered, and terminated across government agencies. The proposed rule introduces mandatory political appointee review of discretionary awards, expands termination authority, prohibits funding for diversity initiatives and "gender ideology," and imposes new restrictions on foreign collaborations and viewpoint discrimination. These sweeping changes

The National Institutes of Health has announced the cancellation of its CIO-SP4 procurement and the sunsetting of CIO-SP3 contract vehicles in alignment with federal procurement consolidation efforts. With barriers to GSA Schedule Contracts being removed, including the elimination of the Price Reductions Clause, government contractors across all industries should evaluate whether now is the time to obtain or update their GSA Schedule Contracts to position themselves for future federal opportunities.

Oregon joins the growing list of states attempting to opt out of federal interest rate exportation laws, while the UK's Financial Conduct Authority proposes significant changes to mortgage regulations aimed at helping first-time buyers and underserved consumers. Trade associations have filed suit challenging Oregon's new consumer finance law, arguing it improperly restricts interstate banking activities and commerce.

The SEC and CFTC have reopened fundamental questions about jurisdictional boundaries in derivatives markets, seeking public comment on definitions that determine regulatory authority over swaps, security-based swaps...

In a recently issued request for stakeholder feedback, CMS is seeking input on key provisions of the Medicare Part D PBM reforms enacted earlier this year, including the upcoming “delinking” requirements...

U.S. importers face complex regulations around "assists" - value provided to foreign manufacturers that impacts customs duties. Understanding how to properly calculate and apportion assist values across shipments is critical for compliance...

The Office of Management and Budget has issued a proposed rule that would fundamentally reshape how federal grant funding is approved and distributed across all agencies.

Organizations are embedding AI into internal audit workflows to improve consistency and shorten testing cycles, but success requires a structured approach that addresses evidence handling, testing methodology...

State attorneys general—not federal regulators—are currently leading AI enforcement, using existing laws like consumer protection, civil rights and privacy statutes to investigate and pursue companies...