On Wednesday, September 27, the Treasury Department announced a new proposed rule extending the deadline for companies formed in 2024 to comply with the Corporate Transparency Act’s beneficial ownership and control reporting rules.
Corporate Transparency Act Update
The Corporate Transparency Act requires most existing and most new businesses to file a detailed report with FINCEN (the United States Treasury’s Financial Crimes division) detailing who the major owners and managers are. Currently, the filing period commences January 1, 2024.
Potential Increase in Minimum Salary for Overtime Exemptions
The U.S. Department of Labor today issued a proposed rule raising the minimum salary an employee must receive to be considered exempt from overtime under the Fair Labor Standards Act.
Louisiana Employees Now Entitled to Time Off for Genetic Testing and Cancer Screening
Effective August 1, Louisiana employers with 20+ employees must provide one day off each year for medically necessary genetic testing or cancer screening. Learn more about this new employee benefit in our latest blog post.
Changes to Form I-9 Looming
U.S. Citizenship and Immigration Services announced a new version of Form I-9 to verify the identity and employment authorization of employees, as well as a new alternative procedure for document examination.
SCOTUS Ruling Broadens Religious Protections for Workers
In a rare unanimous decision, the U.S. Supreme Court has substantially altered the standard under which employers must evaluate employee requests for religious accommodations under Title VII of the Civil Rights Act of 1964.
FTC and DOJ Propose Burdensome Overhaul to HSR Premerger Reporting Requirements
On June 27, the Federal Trade Commission, with the concurrence of the Department of Justice, proposed a burdensome overhaul of the current requirements for Hart-Scott-Rodino (“HSR”) Act filings, which are generally required for larger mergers and acquisitions. The changes stand to greatly increase the volume of documents that the FTC and DOJ receive, resulting in unprecedented delays in the merger process and placing an added burden on businesses and practitioners.
What Businesses Need to Know About Texas’s First Comprehensive Data Privacy Law
The State of Texas recently adopted its first comprehensive data privacy law, bringing the State in line with nine other States that have adopted data privacy laws generally following the European Union’s General Data Protection Regulation. In this blog post we highlight some of the key protections Texas consumers are now entitled to and correspondingly, key obligations of business with respect to those consumers.
Steps to Take Following Louisiana OMV Data Breach
The Louisiana Governor’s Office has provided helpful information about the recent international “Moveit” cyberattack that has impacted the Louisiana Office of Motor Vehicles and other government and business organizations. The Office of the Governor describes the scope of the breach, actions being taken to address the matter, and precautionary actions that you can take to
NLRB General Counsel Joins FTC in Biden Administration Assault on Noncompete Agreements
The National Labor Relations Board’s (“NLRB”) General Counsel Jennifer Abruzzo announced in a memo yesterday that noncompete agreements in employment contracts violate federal labor law except in limited circumstances, because they interfere with employees’ rights under Section 7 of the National Labor Relations Act (“the Act”) to engage in concerted activity to improve their wages