Key Points The Federal Reserve, FDIC and OCC jointly propose overhauling U.S. bank capital rules, replacing the 2023 Basel III Endgame proposal with a reduced-stringency framework estimated to provide $87.7 billion in system-wide CET1 relief. CET1 reductions by category: ~4.8% for GSIBs (Category I & II); ~5.2% for large regional banks (Category III & IV); ~7.8% for smaller banking organizations. Key structural reforms: AOCI inclusion mandated for Category III/IV banks (five-year phase-in from 2027); MSA capital deductions eliminated (250% risk weight substituted); market...

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Overview of the H-1B Visa The H-1B visa is a temporary (nonimmigrant) visa that allows U.S. employers to hire foreign workers in specialty occupations. These roles require highly specialized knowledge and at least a bachelor’s degree (or equivalent) in a related field. Common industries include technology, engineering, healthcare, and business. Major Update: New Weighted Lottery System One of the most important recent changes is the shift from a purely random lottery to a weighted selection system. How It Works Instead of each applicant having an equal chance, each...

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On March 6, 2026, the U.S. General Services Administration (GSA) posted a proposed clause setting forth terms and conditions for artificial intelligence (AI) under GSA multiple award schedule (MAS) contracts. The clause, General Services Acquisition Regulation (GSAR) GSAR 552.239-7001, Basic Safeguarding of Artificial Intelligence Systemsx, may impact contractors with GSA MAS contracts who not only sell AI to the federal government but also use AI during contract performance. GSA is asking for public comment on the proposed clause through March 20, 2026. After...

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Under new leadership, the United States Patent and Trademark Office (USPTO) has recently adjusted its approach to patentability of artificial intelligence (AI) technologies in multiple meaningful respects. Many companies have not yet fully absorbed the practical implications of those shifts. If your understanding of what is or is not patentable in the AI space was formed under USPTO practices from even a year ago, that understanding is worth revisiting. Companies developing and deploying AI technologies should be assessing whether...

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IPTI’s usual monthly newsletter – the “President’s Message” – contains, inter alia, some summarised news articles from around the world. This IPTI publication – “Property Tax in the News” – contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles – from North America, Europe and around the globe – can be found in...

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The new edition of the EU Tax Alert is available. With this publication we would like to keep you informed about the latest developments on EU tax law. We have summarised the highlights of this edition below. CJ judgment on whether Belgium correctly implemented the CFC rules under the ATAD (Commission v Belgium, C-524/23) On 26 February 2026, the Court of Justice (CJ), delivered its judgment in the case Commission v Belgium (Case C‑524/23). The case concerns the alleged failure by the Kingdom of...

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