Policy Updates are short-form analyses from Jason & Phillip's Government Affairs team on legislative, regulatory, and policy developments that affect our clients. They are published as developments warrant rather than on a fixed schedule.

To receive Policy Updates by email, please subscribe to the firm's policy briefing list.

Policy UpdateJune 17, 2026

Federal Reserve Issues June 2026 Monetary Policy Implementation Note: Operational Details for Rate Tools

On June 17, 2026, the Federal Reserve Board issued an implementation note accompanying the most recent monetary policy decisions of the Federal Open Market Committee. The note…

Read more →
Policy UpdateJune 17, 2026

OMB Proposes Binding Rule to Overhaul Federal Financial Assistance Framework

On May 29, 2026, the Office of Management and Budget (OMB) published a proposed rule in the Federal Register that would fundamentally restructure the government-wide framework for…

Read more →
Policy UpdateJune 17, 2026

USDA Eliminates Disparate-Impact Liability Under Title VI Regulations

The U.S. Department of Agriculture has published a final rule rescinding portions of its Title VI regulations at 7 CFR part 15, eliminating disparate-impact liability under the…

Read more →
Policy UpdateJune 16, 2026

PBGC Proposes Technical Amendments to Special Financial Assistance Rule for Multiemployer Pension Plans

On June 16, 2026, the Pension Benefit Guaranty Corporation (PBGC) published a proposed rule introducing technical corrections and clarifications to its Special Financial…

Read more →
Policy UpdateJune 16, 2026

Executive Order 14410 Reclassifies 8,000 Federal Positions Under Schedule Policy/Career, Eliminating Chapter 75 Protections

On June 3, 2026, President Trump signed Executive Order 14410, Implementing Schedule Policy/Career in the Excepted Service , moving approximately 8,000 federal positions into a…

Read more →
Policy UpdateJune 14, 2026

New Executive Order Overhauls U.S. Customs Enforcement: What Importers Need to Know

On June 3, 2026, President Trump signed an Executive Order titled Strengthening Customs Enforcement , directing the Department of Homeland Security (DHS) and U.S. Customs and…

Read more →
Policy UpdateJune 14, 2026

SEC Proposes Rescinding Regulation NMS Trade-Through and Locked/Crossed Quotation Rules

On June 11, 2026, the Securities and Exchange Commission proposed amendments that would rescind two foundational components of Regulation NMS: Rule 611, commonly known as the…

Read more →
Policy UpdateJune 13, 2026

OMB Proposes Uniform Grants Rule Inserting Political Appointees into Federal Grant Review

The Office of Management and Budget (OMB) has published a proposed rule that would reshape the framework governing federal financial assistance by inserting senior political…

Read more →
Policy UpdateJune 13, 2026

DOJ and ATF Roll Out 34-Rule Firearms Regulatory Reform Package Under Executive Order 14206

The Department of Justice and the Bureau of Alcohol, Tobacco, Firearms and Explosives have announced a sweeping firearms regulatory reform package consisting of 34 notices of…

Read more →
Policy UpdateJune 12, 2026

SEC Rescinds Decades-Old Settlement 'Gag Rule': What Defendants Need to Know

On May 18, 2026, the U.S. Securities and Exchange Commission formally rescinded Rule 202.5(e), bringing an end to a decades-old agency policy that had barred settling defendants…

Read more →
Policy UpdateJune 12, 2026

SEC Proposes Full Rescission of 2024 Climate-Related Disclosure Rules

On May 29, 2026, the Securities and Exchange Commission issued a proposed rulemaking to rescind, in their entirety, the climate-related disclosure rules adopted in March 2024. If…

Read more →
Policy UpdateJune 12, 2026

President Trump Signs Executive Order on Advanced AI Innovation and Security

On June 2, 2026, President Trump signed an Executive Order titled Promoting Advanced Artificial Intelligence Innovation and Security , establishing a refreshed federal posture…

Read more →