Covington Blogs

Late this afternoon, the U.S. Supreme Court granted a stay of the Fourth Circuit's decision setting aside the FCC Media Bureau's guidance on entitlement to the lowest unit charge ("LUC") for certain political ads placed on broadcast TV and radio. See our

Executive SummaryOn August 22, 2026, U.S. tariffs of 50 percent imposed under Section 338 of the Tariff Act of 1930 (19 U.S.C. 1338) took effect against a range of imports from Canada, including chemicals, prepared food and beverages, plastics, metal item

On August 26, 2026, President Trump issued Executive Order 14421, Declaring a National Emergency to Secure the United States Bulk-Power System. The Order establishes a new national security regulatory framework for a broad range of equipment, software, se

On September 3, 2026, the Securities and Exchange Commission ("SEC") voted to propose rescinding in its entirety Rule 206(4)-5 under the Investment Advisers Act of 1940, the agency's longstanding "pay-to-play rule" applicable to investment advisers. If fi

A recent decision by the U.S. Court of Federal Claims ("COFC") serves as an important reminder that forum selection under the Contract Disputes Act ("CDA") can have consequences that extend beyond a single appeal. In Gilbane Federal v. United States, 182

The global biotechnology landscape is evolving at an unprecedented speed, driven by advances in synthetic biology and genome editing, which, coupled with AI, make biotechnology stand at the forefront of innovation. These developments offer unprecedented o

On September 1, 2026, the Cost Accounting Standards ("CAS") Board published two final rules implementing seismic changes to cost accounting requirements for federal government contractors. The most significant change implements a requirement in last year'

As widely reported, the Senate Homeland Security and Governmental Affairs Committee voted to hold Dr. Anthony Fauci in contempt of Congress following his appearance before the Committee in July, where he refused to answer the Committee's questions by asse

On August 25, 2026, a divided panel of the U.S. Court of Appeals for the Fourth Circuit set aside guidance by the FCC's Media Bureau stating that two types of political advertising were entitled to the favorable "lowest unit charge" ("LUC") rate: ads paid

For more than twenty years, FIFA's Regulations on the Status and Transfer of Players ("RSTP") have sought to balance the stability of football teams with player mobility. That balance was fundamentally challenged by the European Court of Justice ("ECJ" or