On February 17, 2025, the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al. granted the government’s motion to stay the court’s previous order that had temporarily halted enforcement of the CTA.  As a result, the CTA’s reporting requirements are back in effect.

Another year of active legislation and agency rulemaking has resulted in new and continuing developments that make Colorado a challenging jurisdiction for employers. Here, we detail the most significant developments.

Oregon saw a number of new employment laws enacted and updated in 2024 that employers should be aware of.

On February 10, 2025, President Trump issued two new proclamations expanding and increasing tariffs on steel and aluminum imports into the U.S. These changes are in response to a report from the First Trump Administration that found steel and aluminum import levels and global excess were weakening the U.S. domestic economy and threatening to impair U.S. national security.

The White House recently issued an Executive Order (the “Order”) focused on digital financial technology. The Order aims to solidify the United States' leadership in this rapidly evolving sector, and the policies that may ultimately develop because of the Order could fundamentally reshape the future of how individuals and entities interact with their money.

The California Legislature was busy on the labor and employment front. in 2024. Set forth below is a quick overview of what California employers need to know for 2025.

On December 3, 2024, the U.S. Department of The Treasury’s Office of Foreign Assets Control (OFAC) announced a $15,550,000 settlement with Aiotec GmbH (Aiotec), a German company that is a supplier of used plants and equipment for refineries, petrochemical plans, gas plants, and similar systems.

On November 21, 2024 the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury published a new Russia-related alert (the "Alert"), "Sanctions Risk for Foreign Financial Institutions that Join Russian Financial Messaging System, System for Transfer of Financial Messages." The purpose of the Alert is to warn foreign jurisdictions and financial institutions about the sanctions risks of joining the Russian financial messaging system Sistema Peredachi Finansovykh Soobscheniy or “System for Transfer of Financial Messages” (SPFS).