Insights: Policy

Private Investments/Retail

The Trump administration has begun to express openness to providing more access to private investments, as it did in President Trump’s first term. This is reflected in the SEC’s recently revised policy on how much closed-end funds can invest in private funds, as well as comments from Daniel Aronowitz, Trump’s nominee to be head of the Employee...

Stablecoins/Crypto Market Structure

The House has scheduled a vote in the Rules Committee for this coming Monday, 7/14 to begin the process of considering the Senate-passed stablecoin bill (the GENIUS Act) and separately, crypto market structure legislation. After having recently passed stablecoin legislation, the Senate is intensifying its work on a market structure bill, with a...

The first several months of the Trump Administration have seen several actions related to PFAS. Two of the most closely watched areas are the National Primary Drinking Water Regulation and the designation of PFOA and PFOS as hazardous substances under CERCLA (Superfund), which creates liability for those who produce and use these compounds....

One Big Beautiful Bill Act – IRA Wind/Solar Tax Credits

Despite repeated complaints about the continuation of the Inflation Reduction Act’s (IRA) clean energy tax credits in the One Big Beautiful Bill Act (OBBBA), House conservatives supported the legislation when it returned from its passage in the Senate in a more moderated form. Key players such as Reps. Roy (R-TX) and Norman (R-SC) claimed they...

Financials, Healthcare, Macro, Tech / Media / Telecom

Reconciliation and Recissions

Speaker Johnson (R-LA), House Budget Committee Chair Arrington (R-TX), and Senate Finance Committee Chair Crapo (R-ID) have all confirmed their intent to enact another two reconciliation bills prior to the next election, with the first coming this fall. As I previously noted, Speaker Johnson, Rep. Roy (R-TX), and Sen. Johnson (R-WI) had already...

Reciprocal Tariffs and Trade Deals

President Trump yesterday posted 12 letters sent to various countries, including to major trading partners such as Japan and South Korea, indicating various tariffs that would be imposed if deals are not concluded by 8/1, representing an extension of the original 7/9 deadline. The tariff levels are similar to those initially announced on 4/2...