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On July 23, 2025, the Trump Administration released Winning the Race: America’s AI Action Plan, signaling a decisive departure from the AI governance strategy set forth by the Biden Administration’s Executive Order 14110 (November 2023). While the previous framework focused on risk mitigation, civil rights, and regulatory oversight—particularly of advanced AI systems—the new plan shifts...
July 2025 | Blog
Capital Thinking
President Trump’s Winning the Race: America’s AI Action Plan, released on July 23, 2025, marks a significant shift from the Biden Administration’s AI governance framework, most notably Executive Order 14110 (November 2023). The previous approach emphasized risk mitigation, civil rights protections, equity considerations, and oversight of advanced AI models under authorities such as the Defense...... Continue Reading
Stakeholders are just beginning to evaluate key tax policy changes in Republicans’ multi-trillion-dollar reconciliation package, known as the One Big Beautiful Bill Act (OBBBA), including the long-term impact of several new and modified business tax reforms. Nevertheless, less than one week after final passage of OBBBA, key congressional leaders, including House Budget Committee Chairman Jodey...... Continue Reading
Originally published by Bloomberg Tax Businesses should prepare to defend against trillions of dollars in adverse tax changes in 2025 as Congress considers how to pay for extensions in the Tax Cuts and Jobs Act—despite pledges from Republicans to protect their signature 2017 law. Congressional leaders are preparing to consider major tax legislation under expedited...… Continue Reading
December 2024 | Blog
Publication
November 2024 | Americas
October 2024 | Global
July 2024 | Americas
On March 11, 2024, US President Joe Biden released his Fiscal Year (FY) 2025 budget request, which included proposals on U.S. Artificial Intelligence (AI) development and efforts to implement the Biden Administration’s Executive Order (EO) on AI. The budget identifies the National Science Foundation (NSF) as central to U.S. leadership in AI, requesting $10.2 billion...… Continue Reading
March 2024 | Blog
March 2024 | Americas
March 2024 | Global
On March 1, 2024, the US International Trade Commission (ITC) officially announced the initiation of a new factfinding investigation into the global rice market. The investigation, titled “Rice: Global Competitiveness and Impacts on Trade and the U.S. Industry” (Investigation No. 332-603), was requested by US House of Representatives Committee on Ways and Means Chair Jason...… Continue Reading
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