Insights: Policy

Russia Sanctions

A bipartisan group of Senators led by Armed Services Committee Chair Wicker (R-MS) and Ranking Member Shaheen (D-NH) introduced a revised version of Russia sanctions legislation that codifies current sanctions and provides the President with new authority to impose tariffs on Russia and secondary tariffs on major importers of Russian oil and gas....

CLARITY Act/Crypto Market Structure

Senate Majority Leader Thune (R-SD) is reportedly planning to bring the CLARITY Act to a vote in the Senate next week and Sen. Lummis (R-WY), a key champion for the bill, has said a draft will be released soon. Sen. Warren (D-MA) and other Democrats who have to-date been skeptical of passing wide-ranging crypto legislation criticized President...

Healthcare, Macro

Reconciliation/Farmer Assistance

House Republicans are moving forward this week with legislation under the partisan reconciliation process that will reportedly fulfill the White House request for $67b in defense funding related to the Iran war, $20b in assistance to farmers, and $4b in incentives to states to implement voter ID/citizen checks. The latter provision is being...

Mergers & Acquisitions

The companies were set to file HSR by July 6, 2026. We expect that the proposed transaction will not receive a second request from the DOJ (which we presume will have jurisdiction over the deal). While there are potential horizontal or vertical issues to consider, our research to date suggests that they do not meet the DOJ’s increasingly high...

Tech / Media / Telecom

FCC Chairman Carr released a draft order governing next year’s Upper C-Band auction, with the Commission scheduled to vote on the order at its July 22 open meeting.

Credit Card Fees

The Trump administration this week indicated that it is considering issuing a RFI on credit card late fees. This is seemingly contradictory to its opposition to a Biden-era rule that sought to cap late fees, which was also strongly opposed by the banking industry and Congressional Republicans.