On January 29, Senator Josh Hawley (R-MO) introduced the Decoupling America’s Artificial Intelligence Capabilities from China Act (S. 321), one of the first bills of 119th Congress to address escalating U.S. competition with China on artificial intelligence. The new legislation comes just days after Chinese AI company DeepSeek launched its R1 AI model
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Trump Administration Imposes Tariffs on Imports from Canada, Mexico, and China
On February 1, President Trump issued three executive orders (“EOs”) imposing broad tariffs on U.S. imports from Canada, Mexico, and China, initially to be effective on February 4. Invoking Presidential authority under the International Emergency Economic Powers Act (“IEEPA”), the EOs expand the national emergency declared by the President on his first…
Toward EU Outbound Investment Regulation
On 15 January 2025, the European Commission recommended that EU Member States review outbound investment in three critical technologies—semiconductors, AI, and quantum—with the aim of potentially creating an EU-wide regime to regulate such investment. EU Member States should report to the Commission on their findings and risk assessment within 18 months. These findings would inform…
What Does the New European Commission Mean for EU Tech Policy?
The new European Commission, which took office in December 2024, will likely rebalance its policy priorities, putting greater emphasis on competitiveness and innovation and less on risk-prevention and regulation. Over the past five years, the EU adopted several sweeping tech regulations, such as the Digital Services Act (DSA), the Digital Markets Act (DMA), and the…
Brazil Under Lula: The Second Year
Executive Summary
- President Luiz Inácio Lula da Silva concluded his second year with contradicting economic results: high GDP growth and low unemployment combined with rising inflation, high interest rates, and a record devaluation of the Brazilian currency.
- The Lula administration’s strategy put the country’s fiscal framework in peril and left economic policy agenda items unfinished,
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FTC Increases HSR Filing Thresholds and Fees, Penalties, and Thresholds Applicable to Board “Interlocks” for 2025
The Federal Trade Commission (“FTC”) has announced revised thresholds for determining whether transactions need to be filed under the Hart-Scott-Rodino (“HSR”) Act, along with an updated HSR filing fee schedule. The new minimum “size of transaction” notification threshold for acquisitions of voting securities, assets, or controlling interests in non-corporate entities will be $126.4 million, an…
CPSC Revises Requirements for Certificates of Compliance
On January 8, 2025, the Consumer Product Safety Commission (“CPSC”) published in the Federal Register a Final Rule that significantly changes the requirements for filing certificates of compliance for imported products under the Consumer Product Safety Act (“CPSA”). The publication of the Final Rule followed the CPSC’s vote to approve the Final Rule on December…
New U.S. and UK Sanctions, Including Related to Russia’s Energy Sector
On January 10, 2025, the U.S. Department of the Treasury and U.S. Department of State intensified sanctions against Russia with new measures targeting Russia’s energy sector. According to the Treasury Department’s press release, these measures are intended “to fulfill the G7 commitment to reduce Russian revenues from energy” and “substantially increase the sanctions risks associated…
The Political ramifications of the UK’s economic travails
Economic Turmoil in the UK
The rate on the 10-year benchmark UK government bond has reached levels last seen in 2008. The rate on the 30-year bond stands at a 27-year high. Today, the Government sold £1 billion of bonds at the most expensive terms since 2004 – albeit with apparently good market demand. Sterling…
Biden Administration Rulemakings at Risk for Congressional Review Act Cancellation in New Congress
With the 119th Congress now assembled, Republicans control both the House and Senate, and will control the White House starting on January 20th. If history is any guide, this change in party control of the White House, plus unified control of Congress by the president’s party, will pave the way for Republicans to deploy the…