US Federal

Coast Guard Authorization Act of 2025

The Senate has passed the Coast Guard Authorization Act of 2025 (S.524). This bill, introduced by Senator Ted Cruz, aims to authorize appropriations for the Coast Guard for fiscal year 2025. The bill now moves to the House of Representatives for consideration.

Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2026

Senate bill S.2256, the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, for Fiscal Year 2026, has been introduced and placed on the Senate Legislative Calendar. The bill outlines proposed appropriations for various USDA programs, the FDA, and related agencies.

US Budget for 2025-2034

The Senate agreed to Concurrent Resolution 7, establishing the US federal budget for fiscal year 2025 and setting budgetary levels through fiscal year 2034. The resolution includes reconciliation instructions for committees to report legislation affecting the deficit by specified amounts.

Commerce, Justice, Science Appropriations Act, 2026 Introduced

Senator Jerry Moran introduced the Commerce, Justice, Science, and Related Agencies Appropriations Act, 2026 (S.2354) on July 17, 2025. This bill outlines the proposed federal funding for fiscal year 2026 for various departments and agencies, including Commerce, Justice, NASA, and the NSF. The bill has been placed on the Senate Legislative Calendar.

FINRA proposes rule change for overnight transaction reporting exception

FINRA has filed a proposed rule change with the SEC to amend rules governing transaction reporting. The proposal seeks to provide a limited, temporary exception for reporting specified overnight transactions before 8:00 a.m. Eastern Time.

US Department of Labor Recovers $409K Back Wages from Little Caesars Operator

The U.S. Department of Labor's Wage and Hour Division has recovered $409,457 in back wages from MG Fast Food Inc., an operator of a Little Caesars restaurant. The settlement resolves violations of the Fair Labor Standards Act concerning minimum wage and overtime pay for 32 workers.

US DOL: Restaurant Violated Child Labor and Overtime Laws

The US Department of Labor's Wage and Hour Division found Mt. Fuji Hibachi Inc. violated child labor laws by allowing a minor to perform hazardous tasks and work excessive hours. The investigation also revealed the employer denied overtime pay to 19 workers, resulting in $20,213 in back wages. The company paid a $22,249 civil penalty.

SEC Obtains Final Judgments Against Mining Company and Executives

The SEC announced final judgments by consent against Western Sierra Resource Corporation and its executives Roger Johnson and Dennis Atkins. The company and executives were charged with issuing false and misleading statements regarding the acquisition of gold mining claims. Johnson and Atkins each agreed to pay a $150,000 civil penalty, a three-year officer-and-director bar, and a five-year penny-stock bar.

SEC Obtains Consent Judgment Against Defendant in Fraud Case

The SEC announced it obtained a final consent judgment against Charles T. Lawrence, Jr. in a civil enforcement action. Lawrence was charged with a multi-million dollar offering fraud, misappropriating at least $4.89 million of investor funds. The judgment permanently enjoins him from violating securities laws and orders disgorgement.

DOJ v. OhioHealth Corporation - Antitrust

The Department of Justice's Antitrust Division has filed an antitrust case against OhioHealth Corporation. This action challenges alleged anticompetitive practices within the healthcare market. The filing initiates a legal process to address these concerns.