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Wait, What? Administration Now Designates “Fair Pay and Safe Workplaces” as Not Economically Significant

Client Alert | 1 min read | 05.10.16

In a sign that the Obama Administration may be preparing to rush the publication of the FAR Council’s final rules implementing the “Fair Pay and Safe Workplaces” executive order so as to avoid timing problems associated with the Congressional Review Act, the White House’s Office of Information and Regulatory Affairs (responsible for reviewing the rules before sending them to the FAR Secretariat for publication, discussed here) now lists the new rules as not “Economically Significant.” That determination allows the administration to avoid the requirements under EO 12866 to provide a more detailed assessment of the likely benefits and costs of the regulatory action, but it reverses the administration’s prior designation of these burdensome new compliance and reporting obligations, and it seems at odds with the designation of other rules, such as “Serving Sizes of Foods That Can Reasonably Be Consumed at One Eating Occasion” and “Energy Efficiency Standards for Residential Dehumidifiers,” as Economically Significant.

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Client Alert | 11 min read | 12.15.25

New York LLC Transparency Act: Key Requirements and Deadlines

On January 1, 2026 (“Effective Date”), the New York LLC Transparency Act ("New York Act”) is scheduled to take effect, introducing new disclosure requirements for limited liability companies (“LLCs”) formed or registered to do business in New York State.  The New York Act is expected to impose the type of broad beneficial ownership requirements the federal CTA and rules implementing it was designed to require, before the federal government’s decision to limit the scope of the CTA’s beneficial ownership reporting requirements to foreign companies and foreign beneficial owners....