News and Insights

OMB Proposes Major Overhaul of Federal Grant Rules: What Grant Recipients Need to Know

On May 29, 2026, the Office of Management and Budget (OMB), joined by federal grantmaking agencies, issued a lengthy proposed rule[1] covering many aspects of federal financial assistance, including:...READ MORE

The 50% Rule Is Dead; Long Live the 50% Rule

On March 31, 2026, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued new guidance (“Guidance”) on “Sham Transactions and Sanctions Evasion.” This Guidance confirms and formalizes what a series of recent enforcement actions has made clear: while OFAC’s long-standing 50% Rule is still in place, it is a floor, not a ceiling, to corporate diligence. According to the Guidance, it is important to look “beyond legal formalities to underlying practical and economic realities.” T...READ MORE

What to Expect in 2026 for Higher Education

After a year of significant upheaval for higher education institutions, additional changes are on the horizon in 2026. The most recent Unified Agenda, the One Big Beautiful Bill Act, and other developments mean additional changes for—as outlined below—civil rights enforcement, admissions, foreign gift reporting, accreditation, visa requirements and eligibility, grant funding, student loans, patent revenue, and student privacy. Understanding and anticipating these developments will help position ...READ MORE