Federal Government Makes Significant Moves to Instill Confidence in US Banking System
March 15, 2023 – On Sunday evening, March 12, 2023, two extraordinary joint press releases were simultaneously issued by the U.S. Department of Treasury, the Federal Reserve Bank, and the Federal Deposit Insurance Corporation (FDIC). The press releases were distributed simultaneously with the FDIC announcement of the seizure and closure …
USCIS Issues Comprehensive Guidance on Parole for International Entrepreneurs
March 14, 2023 – Last week, U.S. Citizenship and Immigration Services (USCIS) issued new guidance on the International Entrepreneur Rule (IER), which was first published by the Department of Homeland Security (DHS) on January 17, 2017. Full implementation of the IER was delayed until 2021, but …
How Silicon Valley Bank’s Shutdown Affects Venture Companies
March 13, 2023 – Among America’s largest banks and formerly well-regarded by analysts, investors, and venture-backed companies alike, the sudden failure of Silicon Valley Bank (SVB) last week sent shockwaves through the venture capital and banking industries. Though not a household name, SVB held over $209 billion in total assets …
February 23, 2023 – In a recent article, Bloomberg Law reported that the U.S. Department of State (DOS) will launch a stateside visa renewal pilot program later this year.
During an interview with the publication, DOS Deputy Assistant Secretary for Visa Services in the Bureau of …
USCIS to Open 2024 H-1B Registration on March 1, 2023
U.S. Citizenship and Immigration Services (USCIS) announced on Friday that the registration period for fiscal year 2024 H-1B cap numbers will open at noon Eastern on Wednesday March 1, 2023, and run through noon Eastern on Friday, March 17, 2023. During this period, prospective U.S. employers and …
EPA Announces New Phase I Environmental Site Assessment Standard Effective February 2023
January 19, 2023 – On December 15, 2022, the United States Environmental Protection Agency (EPA) amended its All Appropriate Inquiries Rule, publishing a final rule that incorporates an updated Phase I Environmental Site Assessment standard from ASTM International. The new standard is known as ASTM E1527-21.
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While there are still many unknowns in FTX’s bankruptcy including what, exactly, happened to billions of dollars of customer deposits on the former crypto trading platform, one thing is almost certain: there will be an explosion of what the media has described as “clawback” lawsuits aimed …
Fifth Circuit Affirms Ruling to Vacate Obama Administration’s DACA Program
October 6, 2022 – Late yesterday, in a disappointing but not unexpected ruling, the Fifth Circuit affirmed the ruling by a Texas judge that vacated the Obama administration’s Deferred Action for Childhood Arrivals (DACA) program and barred new applicants. The DACA program was instituted in 2012, and protects young immigrants, …
September 7, 2022 – Today, the Department of Homeland Security (DHS) posted for public inspection a Federal Register notice describing how beneficiaries under Venezuela’s existing TPS designation can re-register to retain TPS and renew their Employment Authorization Documents (EADs). This extension allows beneficiaries to retain TPS and EADs until March 2024. …
August 23, 2022 – Just as cryptocurrency markets are attempting to thaw out from a “crypto winter,” a joint committee of the Uniform Law Commission (ULC) and the American Law Institute (ALI) has finalized a significant and wide-ranging amendment to the Uniform Commercial Code (UCC) …