On January 5, the Florida Department of Agriculture and Consumer Services (FDOACS) received a petition for rulemaking on greenhouse gas regulation. The petitioner, a group referred to as Our Children’s Trust, was also behind the recent unsuccessful lawsuit (Reynolds v. Florida) that attempted to force climate change regulation on various state agencies. On February 5, […]
Session 2022 Update: Week Four
Today the Senate released SB 2500, the General Appropriations Act, the Senate’s proposed state budget for the 2022-2023 fiscal year, as well as the implementing bill and conforming bills associated with balancing the state budget for the upcoming fiscal year. The Senate Appropriations Committee is scheduled to consider the proposals on Wednesday, February 9, 2022. […]
Session 2022 Update: Week Three
Legislative Update: Today marks the end of week three for the 2022 Session. As of today, 3,575 bills have been filed and 1 bill has passed both the Senate and House. The big controversy of the week happened on Wednesday when Senate Democrats walked out of the Senate Health Policy Committee during a confirmation hearing […]
SEC Issues Guidance on Shareholder Proposals and Paper Courtesy Copies
On January 19, 2022, the SEC updated its prior guidance on the handling of shareholder proposals at virtual or hybrid shareholder meetings. SEC Rule 14a-8(h) requires proponents or their representatives to show up at meetings to submit their proposals. However, in a nod to the seemingly endless presence of COVID-19, the Division of Corporation Finance […]
Session 2022 Update: Week Two
The second week of the Legislative Session comes to a close today and it was a busy week in Tallahassee. Gunster’s Government Affairs team is working diligently, monitoring legislation and meeting with legislators and staff on behalf of each of our clients. Legislative Update: HEALTH CARE & COVID-19:Legislation that would extend the timeframe of liability […]
Session 2022 Update: Week One
The Florida Legislature opened the 2022 Session on Tuesday, January 11th. The House and Senate met in a join session Tuesday morning followed by Governor Ron DeSantis’ State of the State address. In the Governor’s address to the State, he emphasized Florida’s pandemic response and concluded that the state is free from Covid restrictions. Other […]
The SEC Ends 2021 with Lots of Proposals
It may not have been a white Christmas where you are, but the SEC ended 2021 with a flurry of rule proposals, all related to trading by companies and their officers and directors. Rule 10b5-1 “Trading” Plans and Insider Trading On December 15, the SEC proposed amendments to Rule 10b5-1 under the Exchange Act. The […]
Sixth Circuit Resurrects Vaccine Mandate for Large Employers; OSHA Sets News Compliance Deadlines
In November, the Fifth Circuit Court of Appeals entered an order staying enforcement of OSHA’s Emergency Temporary Standard (“ETS”). The ETS had required employers with 100 or more employees to create a COVID policy that required vaccination or weekly testing for all of their employees. As a result of OSHA’s previous statement that it would […]
Private Wealth Services Year End Alert: The Build Back Better Bill as it Stands Right Now
As we have described in our six previous Client Alerts this year, Congress and the President have been battling over the tax provisions of multi-trillion dollar tax and spending legislation. The week before Thanksgiving, the House of Representatives passed legislation called the “Build Back Better” bill (“BBB”). It is now being considered by the Senate. […]
SEC Adopts New Proxy Rules and Proposes Others
On November 17, the SEC took action on two matters involving proxies. First, after a five-year delay, the SEC adopted rules requiring parties in a proxy contest to use so-called “universal” proxy cards that include all director nominees – those proposed by the insurgent and those proposed by the company — standing for election at […]
