Member News

Member News

Wilson Sonsini | California Enacts Major AI Safety Legislation for Frontier AI Developers

On September 29, 2025, California Governor Gavin Newsom signed into law Senate Bill 53, the Transparency in Frontier AI Act (TFAIA), the first-of-its-kind AI legislation in the U.S. that will require large AI developers to publicly disclose how they plan to mitigate potentially “catastrophic risks” posed by advanced frontier AI models. The law builds on recommendations from the June 2025 report from the Joint California AI Policy Working Group and is a pared-back successor to last year’s unsuccessful Senate...

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Greenberg Traurig | How Robotics Startups Can Avoid Costly IP Mistakes

Robotics startups can live or die by their intellectual property (IP). Strong IP can protect innovations, deter competitors, and be the difference between attracting investment or being left behind. Yet, in a field that blends hardware, software, AI, and data, many young companies stumble on the basics — whether by overlooking trade secrets, disclosing technology too soon, or failing to plan an international patent strategy. Greenberg Taurig will share hard earned insights into the IP landscape for robotics during RoboBusiness (Oct. 15-16 in...

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Member News, News, Trade & TTIP Related

Troutman Pepper Locke | Tariffs Imposed on Timber, Lumber, and Derivative Wood Products

On September 29, the White House issued a proclamation (Proclamation) invoking Section 232 of the Trade Expansion Act (Act) to impose tariffs on certain imports of timber, lumber, and derivative wood products into the United States. This action is a response to a U.S. Commerce Department investigation, which found that rising import volumes, supported by foreign subsidies and unfair trade practices, are burdening the U.S. wood products industry. The Tariff Rate The Proclamation imposes a 10% ad valorem tariff on imports...

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PwC | IRS Issues New Interim CAMT Guidance

The IRS on September 30 released Notice 2025-46 and Notice 2025-49 , providing interim guidance on the corporate alternative minimum tax (CAMT). These notices address a broad range of issues, including rules for domestic corporate transactions, troubled companies, consolidated groups, financial statement adjustments, and numerous other provisions including mark-to-market adjustments, repair expenditures for certain regulated taxpayers, and certain “eligible” Section 197 goodwill. The guidance offers meaningful relief and clarity for taxpayers as they navigate CAMT compliance ahead of final regulations. PwC will publish additional...

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OgletreeDeakins | Immigration Impacts During a Government Shutdown

A government shutdown may occur if the U.S. Congress does not pass a continuing resolution by September 30, 2025. The shutdown would impact certain immigration-related services and operations. Below is an overview of the potential impacts as well as some strategies to consider in the event of a government shutdown. Quick Hits A government shutdown may occur if the U.S. Congress does not pass a continuing resolution by September 30, 2025, impacting certain immigration-related services and operations. During a government...

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CLA (CliftonLarsonAllen) | Government Shutdown: What Now for Health Care?

A shutdown impacts the industry in various ways: Medicare and Medicaid continue, but discretionary-funded services face interruptions. October 1, the first day of the 2026 federal fiscal year (FFY), is here — and we are now in a federal government shutdown. Existing FFY 2025 funding expired on September 30, and Congress was unable to pass a funding extension. Typically, that has been done via a “continuing resolution” (CR) or an omnibus funding package. Until there is a funding extension enacted, government...

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Member News, News, Trade & TTIP Related

Jaguar Freight | Update on the U.S. Government Shutdown and the Impact on Supply Chains

The NCBFAA has issued guidance on the impact of the current U.S. government shutdown. At this point, it is believed that most "fee funded" agencies will continue operations, but some will do so with reduced staffing levels. Below is additional information provided by the NCBFAA that has been summarized: Trade is expected to be UNCHANGED, for now. Agencies responsible for assisting Trump with trade and tariff negotiations are largely insulated after funding lapsed overnight, according to contingency plans published hours before Wednesday’s deadline. The...

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AlixPartners | 2025 U.S. Retail Holiday Outlook: An “Underwhelming” 3%-5% Growth Projected Amid Shifting Consumer Sentiment and Behaviors

AlixPartners, the global consulting firm, released its 2025 U.S. Retail Holiday Outlook, which forecasts an "underwhelming" 3% to 5% growth rate in holiday retail sales this year. This is a notable decrease from last year's 4% growth and 2023’s 6% rate. Additionally, at the low end this is essentially flat with inflation taken into consideration and only up 2% at the high-end. The outlook, based on a comprehensive survey of U.S. consumers, reveals a consumer who is more cautious as...

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Bannockburn Capital Markets | October 2025 Monthly

October brings a convergence of pivotal events on both the economic and geopolitical fronts, shaping a volatile global outlook. From looming tariff battles in Washington and monetary policy decisions in Frankfurt to military posturing in Eastern Europe and high-level political signaling in Beijing, this month may set the tone for the final stretch of 2025 and beyond. At the same time, in a repeat of a unique and macabre political dynamic, the risk of a partial US federal government closure...

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Jaguar Freight | The Weekly Roar – Carriers absorbing port surcharges, the challenges of reshoring, more insights on the use of AI in the industry, European struggles, and the new Federal Maritime Commission Act of 2025

Maersk, the world’s second-largest container line, announced that it will not impose a surcharge on shippers when new U.S. port fees on China-built and operated vessels take effect on October 14. Hapag-Lloyd, CMA CGM, and Evergreen have also stated they’re forgoing surcharges, which may set a trend for other carriers. In the short term, it appears that port fees may not be passed on to importers. Meanwhile, Seaspan plans to relocate from Hong Kong to Singapore and reflag 100 vessels amid ongoing industry...

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