On August 3, 2015, the White House and the Environmental Protection Agency (“EPA”) released the final Clean Power Plan, which establishes national carbon emissions standards for existing power plants pursuant to section 111(d) of the Clean Air Act. The Plan is estimated to reduce carbon dioxide emissions by 32 percent from 2005 levels by 2030,
As part of the historic shift in U.S. policy toward Cuba announced on 17 December 2014, President Obama instructed the Secretary of State to launch a review of Cuba’s designation as a state sponsor of terrorism (SSOT), and to prepare a report within six months regarding Cuba’s support for international terrorism.
On 8 March 2015, President Obama signed Executive Order 13692 (the Order) imposing targeted sanctions against persons in Venezuela.
President Barack Obama’s January 2015 visit to India began with the announcement of an agreement with Prime Minister Narendra Modi to facilitate cooperation between the two countries on civilian nuclear technology. Read More: Obama’s Visit to India Raises Hopes for More Significant Nuclear Cooperation With India but Leaves Lingering Uncertainty for Suppliers
Through a broad exercise of presidential authority, President Obama announced today sweeping changes to current U.S. policies regarding Cuba, including significant revisions to current economic sanctions and export controls currently restricting trade, travel, and financial transactions with Cuba. The President also announced the initiation of steps toward restoring diplomatic relations with Cuba and formally lifting
On November 20, 2014, President Obama announced a series of executive actions to reform parts of the U.S. immigration system, including providing temporary protection from deportation for nearly five million people. We note that none of these measures have immediate effect and they all require implementation by the relevant agency(ies), with expected timeframes in some
On July 29, 2014, Democratic lawmakers in both the House and the Senate proposed new legislation that would block federal contract awards to certain companies that reincorporate in foreign countries. The “No Contracts for Corporate Deserters Act” (H.R. 5278, S. 2704), would alter the existing statutory rules on certain “inverted domestic corporations.” One of the collateral
On 31 July 2014, President Obama signed an executive order titled “Fair Pay and Safe Workspaces,” which will require that contractors applying for certain new contracts in 20161 disclose all violations of certain workplace laws over the past three years. The order also provides that the commission of workplace law violations may preclude contractors from
In response to recent violence in the Democratic Republic of the Congo (DRC), the United States has taken steps to expand the sanctions that were initially imposed against targeted persons in the DRC in October 2006. While these sanctions do not target the geographic territory (i.e., the DRC as a whole is not subject to
The United States-Colombia Free Trade Agreement (FTA) has now entered into force, increasing market access for U.S. goods and services in the Colombian market. President Obama signed the formal “Presidential Trade Proclamation” on May 14. Effective May 15, 2012, the FTA eliminates duties on 80 percent of U.S. exports of consumer and industrial products to Colombia, including agricultural