In October 2022, the SEC adopted final rules regarding the “recovery of erroneously awarded compensation,” or “clawbacks,” consistent with the requirements of the Dodd-Frank Act. (A summary of the rules can be found here, and a more complete description has been posted on our blog.) The new rules direct the national securities exchanges to establish […]
U.S. Businesses Must Accommodate Pregnant Employees by June 27, 2023
Updated Protections for Pregnant Workers The U.S. Senate voted to include the Pregnant Workers Fairness Act (PWFA) and the Providing Urgent Maternal Protections for Nursing Mothers Act (PUMP Act) in the 2023 federal spending package. The PWFA primarily tracks the Americans with Disabilities Act (ADA) and existing state law protections for pregnant workers. This new […]
CMS Announces the End of COVID-19 Staff Vaccination Requirements for Certain Health Care Providers
On May 1, 2023, the Biden-Harris Administration announced COVID-19 vaccination requirements for Federal employees, Federal contractors and international air travelers would end on May 11, 2023. This date coincided with the end of the COVID-19 Public Health Emergency (PHE). The announcement also indicated that HHS would start the process to end the staff vaccination requirements […]
New Law Impacts Florida Real Estate Transactions and Other Interests of Foreign Countries
On May 8, 2023, Governor Ron DeSantis signed Florida SB 264 (Laws of Fla. chs. 2023-32), which generally restricts the issuance of government contracts, economic development incentives, and real property ownership by foreign principals associated with the following foreign countries: the People’s Republic of China, the Russian Federation, the Islamic Republic of Iran, the Democratic […]
Governor DeSantis Signs Amendment to the FTSA
On May 25, 2023, Governor Ron DeSantis signed into law HB 761 that amends the Florida Telephone Solicitation Act (FTSA) by narrowing the scope of the FTSA to curtail frivolous litigation. The new law makes the following amendments: (1) limits the definition of what constitutes an autodialer by requiring a platform to both automatically select and dial […]
FL Bill 1718 Mandates E-Verify For All Florida Employers With 25 or More Employees
On May 9, 2023, Florida Governor Ron DeSantis signed Senate Bill 1718 (FL 1718) into law. FL 1718 includes a provision requiring private sector employers in Florida with 25 or more employees to use the federal E-Verify system to confirm the employment eligibility of new employees. In addition to mandating E-Verify for all Florida employers […]
New SEC Exemption from Registration for M&A Brokers: A Positive Step, but Not for All
The SEC recently enacted a new exemption from registration for brokers who provide certain services in M&A transactions. The new exemption, which became effective on March 29, 2023, largely confirms and codifies prior SEC guidance that was provided in a January 31, 2014 No Action Letter and will provide some comfort and certainty to qualifying […]
Governor DeSantis Poised To Pass FTSA Lawsuit Reform
Comprehensive tort reform legislation which will serve to curtail the frivolous litigation against business in Florida seeking to communicate with subscribing customers was passed by the Florida legislature on May 2, 2023. The amendment, House Bill 761, was presented to Governor Ron DeSantis on May 16, 2023. The Governor has until May 31, 2023 to […]
The SEC’s Final Rules on Share Repurchase Disclosures: Read ‘Em and Weep?
On May 3, 2023, the SEC announced that it had adopted final rules to “modernize” issuer share repurchase disclosure. It is debatable whether these rules modernize disclosure, but they certainly do increase it, and they also demonstrate skepticism on the part of some investors and the SEC itself as to the merit and purposes of […]
Legislative Session 2023: Week Nine
The Florida Legislature concluded the 2023 Session sine die Friday at 11:00 A.M. The House and Senate agreed to a $117 billion budget. This year, 355 bills passed both the House and Senate. Below is a weekly update from Gunster’s Government Affairs Consultants with a summary of the week’s issues, how they may impact your […]
