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Alexandra M. Romero, Nicholas L. Collins

On January 22, in a 2-1 vote, the US Equal Employment Opportunity Commission (EEOC) rescinded its 2024 Enforcement Guidance on Harassment in the Workplace, including portions addressing gender identity and LGBTQ+ issues.

Shoshana Golden, Emily Cowley Leongini

On January 21, the US Food and Drug Administration (FDA) issued a draft guidance clarifying the agency’s authority to access and copy records related to cosmetic products under the Modernization of Cosmetics Regulation Act of 2022 (MoCRA). Cosmetic companies should take care to ensure that their recordkeeping policies and procedures comply with these requirements.

Birgit Matthiesen

On January 20, Canada’s Prime Minister Mark Carney addressed the World Economic Forum. Coming a week after his meeting with China’s President Xi Jinping, his remarks made headlines globally.

Les Jacobowitz, Elizabeth Satarov, Andrew McArthur, Kimia Pourshadi

In an update earlier last year, we highlighted the ongoing legal developments in connection with key cases surrounding the London InterBank Offered Rate (LIBOR) manipulation scandal with respect to a pending United Kingdom (UK) Supreme Court hearing.

Amy Antoniolli, Jena Watson, Nick Kianpoor

Illinois’ data center market is booming because of strong state incentives, but that growth is tightening power supplies and raising reliability and cost concerns.

Derek Ha, Kay C. Georgi, Megan Barnhill

In a January 20 interim final rule, the Bureau of Industry and Security (BIS) eased restrictions on the export, reexport, and transfer (in-country) of certain types of unmanned aerial vehicles (UAVs) to lower risk destinations.

D. Jacques Smith, Michael F. Dearington, Nadia Patel, Hillary M. Stemple, Laura Zell, Michelle J. Shapiro, Shoshana Golden, Meredith Gillespie

Headlines that Matter for Companies and Executives in Regulated Industries

Angela M. Santos, Antonio J. Rivera, Megan Barnhill, Nadia Patel, Jackson David Toof, Christopher H. Skinner, Kay C. Georgi, James Kim*, Jessica DiPietro, Sylvia G. Costelloe, Lucas A. Rock, Mario A. Torrico, Maya S. Cohen, Derek Ha, Natalie Tantisirirat, Collin M. Douglas, Terry M. Frederic, John M. Keblish, Tyler J. Kimberly, Andrew McArthur, Kendall K. Murphy, William G. Stroupe II

Welcome to the January 2026 issue of “As the (Customs and Trade) World Turns,” our monthly newsletter where we compile essential updates from the customs and trade world over the past month. We bring you the most recent and significant insights in an accessible format, concluding with our main takeaways — aka “And the Fox Says…” — on what you need to know.

Abha Kundi*, Emily Cowley Leongini

The US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) just issued a joint statement outlining 10 “Guiding Principles” for using artificial intelligence (AI) in drug development.

Nancy J. Puleo, Alex Rafuse, Kimia Pourshadi

Amid the flurry of employment laws signed by Governor Gavin Newsom in October 2025, Senate Bill No. 294 creates the Workplace Know Your Rights Act.

Berin S. Romagnolo, Nancy A. Noonan

Effective January 21, the United States will indefinitely suspend immigrant visa issuance to nationals of 75 countries listed below.

Angela M. Santos, James Kim*, Yusra H. Siddique, Collin M. Douglas, Joy Marie Virga

The past year, global trade upended. Through aggressive use of tariffs under the International Economic Emergency Powers Act (IEEPA), expanded Section 232 investigations, and a sustained enforcement crackdown, the Trump Administration made good on US Trade Representative (USTR) Jamieson Greer’s promise to “remake the global order.” The result: a fundamentally different operating environment for importers.

Robert R. Pluth, Evgeny Magidenko

In the latest episode of “Tax Stuff You Should Know,” hosts Bob Pluth and Gene Magidenko unpack the income tax consequences of partnership liquidations and related traps for the unwary.

D. Reed Freeman Jr., Michelle R. Bowling, Andrea M. Gumushian, John M. Keblish

2025 was one of the most active years in recent memory for US state-level privacy enforcement. California and Texas led the way, and we anticipate Colorado, Connecticut, Maryland, Minnesota, Oregon, and New Jersey to emerge as active enforcers in 2026.

David S. Greenberg, Stephanie Trunk, Hillary M. Stemple, Kathryn L. Steffen, Gayland O. Hethcoat II, Michele L. Gipp, Jill A. Steinberg, Brian D. Schneider, Jessica Sprovtsoff, Roxana Bokaei

With 2026 underway, the AFS Health Care team highlights some of the most pressing legal issues facing the health care industry this year.

D. Jacques Smith, Michael F. Dearington, Nadia Patel, Hillary M. Stemple, Laura Zell, Michelle J. Shapiro, Heather M. Zimmer, Elizabeth Satarov

Headlines that Matter for Companies and Executives in Regulated Industries

Maya S. Cohen, Derek Ha, Kay C. Georgi, Christopher H. Skinner, Sylvia G. Costelloe

On January 15, the US Department of Commerce’s Bureau of Industry and Security (BIS) published a final rule revising its license review policy for exports of Nvidia H200 chips and its equivalents to China and Macau.

R. Erica Roque, Anthony V. Lupo, Angela M. Santos, Felicia A. Xu

As fashion brands enter 2026, supply-chain pressure, tariff uncertainty, and rising tech spend are accelerating interest in private equity (PE) partnerships.

Lynn R. Fiorentino, Debra Albin-Riley, Brian P. Waldman, Robert G. Edwards, Ph.D., Shayshari Potter

Prop 65 Counsel: What To Know

Megan Barnhill, Kay C. Georgi, Christopher H. Skinner, Matthew Tuchband, Sylvia G. Costelloe

Last year saw a number of significant developments in US export controls and sanctions.

Emily Cowley Leongini, Abha Kundi*

On January 6, the US Food and Drug Administration (FDA) released two significant updates potentially important for companies operating in the consumer health technology space.

Sarah L. Lode, Isabella P. Santos, J. Michael Showalter

Last week, the White House began its interagency review of the Environmental Protection Agency’s (EPA) final rule to rescind its 2009 Greenhouse Gas Endangerment Finding and related vehicle greenhouse gas (GHG) standards.

Terry M. Frederic, Sylvia G. Costelloe, William G. Stroupe II, Christopher H. Skinner

On January 2, President Trump issued an Executive Order (EO) under Section 721 of the Defense Production Act of 1950 requiring HieFo Corporation to divest the digital chips business of EMCORE Corporation, which it acquired in April 2024, due to national security concerns.

Brian D. Schneider, Shira Helstrom, Sean W. Glynn, Cameron Custard, D. Reed Freeman Jr., Matthew Berlin, Michael L. Stevens, Kevin R. Pinkney

As 2026 begins, nonprofit and association leaders face a legal landscape defined by heightened scrutiny, uneven funding conditions, rapid technological change, and continued uncertainty in policy direction.

Kimberly A. Wachen, Antonio J. Rivera, Dean A. Roy, Darien Hubert

Since the Trump Administration’s tariff actions began in February 2025, the US hospitality industry has weathered the resulting uncertainty and shown resilience. The industry’s fundamentals remain broadly stable: deals are getting signed, and development continues — albeit with tighter underwriting and recalibrated budgets.