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Tech / Media / Telecom
Spectrum
Recent/upcoming developments… Yesterday, President Trump posted about his desire to see the “reconciliation” (tax/spending) legislation include a provision that provides 600 MHz of spectrum for wireless/wifi use. The House Energy and Commerce (E&C) Committee passed legislation requiring spectrum auctions as part of its broader contribution to...
Clients
Healthcare
Reconciliation
House Republicans are making a final push to pass their partisan reconciliation (tax/spending) legislation, with President Trump and House conservatives currently meeting at the White House to overcome their concerns about the bill’s SALT, Medicaid, and IRA clean energy provisions. The next step for the bill is for it to pass in the Rules...
Clients
Financials
Bank Capital/Liquidity (SLR)
Multiple press reports (stories here and here) indicate that the Trump administration is potentially within weeks of issuing revisions to the Supplementary Leverage Ratio (SLR). This is consistent with Secretary Bessent’s recent comments that implied SLR changes are on a fairly fast track, whereas Basel III/other capital reforms are not in as...
Clients
Macro
Tariff Litigation
The Court of International Trade (CIT) held oral arguments in VOS Selections v. Trump, a lawsuit challenging the administration's authority to unilaterally issue tariffs under the International Emergency Economic Powers Act (IEEPA). The CIT is currently weighing whether to impose a preliminary injunction on the continued implementation of those...
Clients
Macro
Tariff Litigation
The Court of International Trade (CIT) held oral arguments in VOS Selections v. Trump, a lawsuit challenging the administration's authority to unilaterally issue tariffs under the International Emergency Economic Powers Act (IEEPA). The CIT is currently weighing whether to impose a preliminary injunction on the continued implementation of those...
Clients
Macro
Reconciliation
House Republicans will take the final and most politically complex votes on their reconciliation bill later today in the Ways and Means (W&M) Committee (TCJA, IRA clean energy credits, other tax provisions), Energy and Commerce (E&C) Committee (Medicaid, ACA, energy spending, spectrum provisions), and Agriculture Committee (food stamps/SNAP)....
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