regulation News

Chamber of Commerce Sues to Block FTC’s Non-Compete Ban

Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit workers from switching jobs within an industry. In a complaint …

US Senate Votes to Reject Rule to Cut Greenhouse Gas Emissions on Highways

The U.S. Senate on Wednesday passed a resolution that would overturn a federal agency’s rule requiring states to measure and set declining targets for greenhouse gas emissions from vehicles using the national highway system. The Federal Highway Administration rules were …

FTC Asks Congress for Authority Over Its Own Consumer Cases

The US Federal Trade Commission is asking Congress to change the law so it can handle its own privacy settlements and other consumer protection cases that it’s currently forced to refer to the Justice Department. The DOJ has been slow-walking …

SEC Bribery Unit Probes Technology Companies’ Use of Contractors

The US Securities and Exchange Commission is asking publicly traded tech companies about their relationships with distributors and other business partners outside the US in a push to root out possible corruption, according to people familiar with the matter. The …

FDIC Draft Proposal: Bank Mergers Above $100B Get Extra Scrutiny

Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S. Federal Deposit Insurance Corporation, according to draft guidance the agency released Thursday. The FDIC’s board of directors is poised to …

Republican-Led States Sue SEC Over Climate Risk Disclosure Rules

Ten Republican-led states have sued to challenge new federal rules that require U.S.-listed companies to report climate-related risks, a spokesperson for the West Virginia Attorney General’s Office said on Wednesday, hours after the U.S. Securities and Exchange Commission approved the …

SEC Scales Back New Pollution-Disclosure Rules for Companies

The Securities and Exchange Commission will force companies to disclose their greenhouse gas emissions for the first time, but watered down a key requirement after heavy lobbying from industry groups. After receiving thousands of comment letters and numerous litigation threats, …

SEC Drops Some Emissions Disclosure Requirements From Draft Climate Rules

The U.S. Securities and Exchange Commission (SEC) has removed some of its most ambitious greenhouse gas emission disclosure requirements from corporate climate risk rules it is preparing to adopt, people familiar with the matter said on Thursday. The SEC has …

TikTok Faces Fine as EU Prepares Probe Over Risks to Minors

TikTok owner ByteDance Ltd. faces the threat of hefty fines as the European Union prepares a probe under its strict new content moderation rules over concerns of risks to minors. The European Commission will open an investigation into TikTok under …

SEC’s SPAC Rules Set to Limit Rosy Projections That Fueled Mania

At the height of the SPAC boom, liberated startups capitalized on the ability to tout lofty goals about the years ahead without much of a risk of legal fallout. Now, the US Securities and Exchange Commission’s new rules tightening SPACs’ …