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.

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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…

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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…

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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…

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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…

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On May 18, 2026, the U.S. Securities and Exchange Commission formally rescinded Rule 202.5(e), bringing an end to a decades-old agency policy that had barred settling defendants…

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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…

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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…

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Policy UpdateJune 11, 2026

Executive Order Directs Overhaul of Customs Importer of Record Rules, Tightening Restrictions on Foreign Importers

On June 3, 2026, President Trump issued an executive order directing the Department of Homeland Security (DHS) and U.S. Customs and Border Protection (CBP) to revise the federal…

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Policy UpdateJune 11, 2026

CFPB Narrows Section 1071 Small Business Lending Data Rule: Higher Threshold, Fewer Covered Products

On May 1, 2026, the Consumer Financial Protection Bureau issued a final rule substantially revising subpart B of Regulation B, which implements Section 1071 of the Dodd-Frank Act.…

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Policy UpdateJune 10, 2026

White House Executive Order Directs Federal Regulators to Streamline Fintech Rules and Lower Barriers for Emerging Firms

In May 2026, the White House issued an executive order establishing a federal policy to streamline regulatory processes and reduce barriers to entry for financial technology…

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Policy UpdateJune 10, 2026

SEC Proposes Largest Overhaul of Registered Offering Framework in Two Decades

On May 19, 2026, the Securities and Exchange Commission proposed two companion rule packages that, if adopted, would represent the most significant modernization of the registered…

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Policy UpdateJune 9, 2026

President Issues June 2026 Proclamation Adjusting Section 232 Tariffs on Aluminum, Steel, and Copper

On June 1, 2026, the President issued a proclamation further adjusting the Section 232 tariff framework on aluminum, steel, and copper, building on the structure established in…

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