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Member News
Member News
20
Mar
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...
20
Mar
The Current Status of IEEPA Refunds
To quickly recap, the U.S. Supreme Court ruled that IEEPA tariffs were unlawful in late February. As a result, those tariffs stopped being collected, and the U.S. Court of International Trade has since ruled that importers are entitled to refunds.
Shortly after, U.S. Customs and Border Protection (CBP) indicated that its existing systems cannot process the refunds tied to the IEEPA tariffs but would begin building a new mechanism to handle them. The agency recently...
19
Mar
Exporters operating in global markets often face a familiar challenge: delivering goods today while waiting weeks or even months to receive payment.
In many industries, buyers expect suppliers to offer open-account payment terms ranging from 60 to 120 days. While these terms help buyers manage their own cash flow, they create a working capital gap for exporters who must finance production, logistics, and operating expenses before payment arrives.
To bridge this gap, companies typically rely on external financing. Two common options are traditional...
19
Mar
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...
18
Mar
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...
18
Mar
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...
17
Mar
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...
16
Mar
The U.S. Trade Representative has initiated two investigations under Section 301 of the Trade Act of 1974. Under this provision, the U.S. will investigate whether an act, policy, or practice of a foreign country either: a) violates, or is inconsistent with, the provisions of, or otherwise denies benefits to the United States under, any trade agreement; or b) is unjustifiable and burdens or restricts United States commerce.
In the event of affirmative determinations by the USTR, the administration is authorized to...
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