As a strong signal that it intends to increase its focus on illicit crypto transactions, the Department of Justice (“DOJ”) announced the creation of an enforcement team, the National Cryptocurrency Enforcement Team (“NCET”), on October 6, 2021.
On October 13, 2021, the American Bar Association’s Section of Public Contract Law held its annual public procurement symposium to discuss important issues related to federal, state, and local government contracting.
On September 10, the newly-formed White House Competition Council (the “Council” or “Competition Council”) held its inaugural meeting, bringing together eight cabinet members and the leaders of seven independent agencies, to discuss the actions they are taking “to help lower prices for American families by boosting competition” in the U.S. economy, and to “plan the group’s priorities over the coming months.”
On September 13, 2021, the Department of Justice (“DOJ”) intervened in a False Claims Act (“FCA”) suit alleging that a health insurer defrauded the government by submitting false patient data to wrongfully inflate payments under the Medicare Advantage program.
Consider what would happen if government agents executed a search warrant at your business and collected hundreds of emails between employees and outside counsel.
On August 3, 2021, Securities and Exchange Commission (“SEC”) Chair Gary Gensler made headlines when he dubbed the current cryptocurrency landscape the “Wild West.”
On July 20, 2021, President Biden nominated Jonathan Kanter, founder of the Kanter Law Group, to serve as Assistant Attorney General for the Antitrust Division at the Department of Justice (“DOJ”).
On July 9, 2021, the Biden Administration issued an “Executive Order on Promoting Competition in the American Economy” (“EO”) that seeks to “promote the interests of American workers, businesses, and consumers.”
On June 15, 2021, President Biden appointed Lina M. Khan as Chair of the Federal Trade Commission (“FTC”) following her Senate confirmation earlier that day.
On May 28, 2021, President Biden submitted his Budget for Fiscal Year 2022 to Congress, including $35.3 billion for the Department of Justice (“DOJ”), which was an overall increase of almost $4 billion from the previous administration’s DOJ request for Fiscal Year 2021.
In recent years, the Securities and Exchange Commission (the “SEC”) has increasingly brought enforcement actions against chief compliance officers (“CCOs”) in their personal capacities.