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President Biden Employs Defense Production Act and Tariff Act in Domestic Clean Energy Manufacturing Push

USA - June 7 2022 On June 6, 2022, President Biden issued a White House Fact Sheet (“Fact Sheet”) outlining President Biden’s “Bold Executive Action to Spur Domestic…

Jonathan M. Baker, John B. Brew, Larry F. Eisenstat, Paul Freeman, Robert L. LaFrankie, Irina Pisareva

President Biden Exercises Defense Production Act Authorities to Address Infant Formula Supply Chain Shortages

USA - May 19 2022 On May 18, 2022, President Biden issued Presidential Determination No. 2022-13, delegating certain authorities under Section 101 of the Defense…

Jonathan M. Baker, Peter J. Eyre, J. Chris Haile

Financial Institutions Beware: FDIC Requests “Prompt” Notice of Crypto-Related Activities

USA - April 20 2022 On April 7, 2022, the Federal Deposit Insurance Corporation (“FDIC”) issued a Financial Institution Letter (FIL-16-2022) (the “FIL”) requesting all…

Caroline E Brown, Carlton Greene, Anand Sithian, Alexander Urbelis

President Issues DPA Determination to Promote Domestic Supply of Strategic and Critical Materials for Large-Capacity Batteries

USA - April 8 2022 In an effort to boost the domestic mining industry for critical minerals, on March 31, 2022, President Biden issued Presidential Determination 2022-11…

Jonathan M. Baker, Byron R. Brown, Lyndsay A. Gorton, John E. McCarthy Jr.

President Biden Issues Executive Order Directing “Whole of Government” Assessment of Digital Assets

USA - April 5 2022 On March 9, 2022, President Biden issued the long-awaited Executive Order on Ensuring Responsible Development of Digital Assets (the “EO”) expressing…

Caroline E Brown, Carlton Greene, Richard J. Lee, Irina Pisareva, Anand Sithian, Alexander Urbelis