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.

National Defense Authorization Act for Fiscal Year 2026

The National Defense Authorization Act for Fiscal Year 2026 has become Public Law No: 119-60. This act establishes policies and authorities for the Department of Defense, Department of Energy national security programs, Department of State, Coast Guard, and the Intelligence Community for FY2026. It covers a wide range of areas including procurement, personnel, acquisitions, cyber operations, and international relations.

ESMA Consultation: Regulatory Standards for Post-Trade Risk Reduction Services

The European Securities and Markets Authority (ESMA) has issued a consultation paper on proposed regulatory technical standards (RTS) for post-trade risk reduction services. This consultation seeks feedback on requirements for services that aim to reduce risk for the purpose of clearing obligation exemptions under EMIR.

New York v. Valve Corporation - Loot Boxes and Gambling

The New York Attorney General has sued Valve Corporation, alleging that its video game loot boxes function as illegal gambling. The complaint argues that Valve's monetization of virtual items through loot boxes violates New York's gambling laws and seeks to hold the company accountable for these practices.

DVRO Reversed; Inmate's Right to Court Access Violated

The California Court of Appeal reversed a domestic violence restraining order (DVRO) against an inmate, finding his right to court access was violated. The court failed to address the inmate's request for transportation or telephonic appearance, leading to a reversal and remand for proper proceedings.

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.

Executive Order Transfers Youth Services Program

Illinois Governor JB Pritzker issued Executive Order 2026-02, transferring the Comprehensive Community-Based Youth Services Program (CCBYS) from the Department of Human Services to the Department of Children and Family Services. This transfer is effective July 1, 2026, and aims to streamline services for at-risk youth.