Cleared for Takeoff: FAA to Allow Commercial Unmanned Aircraft Systems Operations Later this Year
Client Alert | 1 min read | 07.30.13
On July 19, the FAA issued a Restricted Category type certificate to two small, unmanned aircraft systems (UAS) that permits aerial surveillance in the Arctic, a significant development that will pave the way for commercial UAS operations later this year (previously discussed here and here). Previous military use of the approved UAS helped facilitate FAA's action, which comes as an encouraging sign for aerospace manufacturers seeking new markets as well as other industries anticipating the emergence of civilian UAS, including agriculture, oil and gas exploration, law enforcement, and security.
Insights
Client Alert | 3 min read | 09.15.25
On August 19, 2025, the U.S. Senate Committee on Finance (“Senate Finance Committee”) sent Paul Atkins, Chairman, U.S. Securities and Exchange Commission (“SEC”) a letter calling on the SEC to investigate White River Energy Corp (“White River”). In the letter, the Senate Finance Committee confirmed a criminal investigation into White River related to the sale of so-called “tribal tax credits” that according to both Congress and the IRS, do not exist. The letter further states that White River allegedly earned millions of dollars selling these credits and has not been forthcoming with investors regarding the existence of the criminal investigation. According to the Senate Finance Committee, White River has failed to file financial disclosure documents with the SEC since March 15, 2024, missing six consecutive reporting periods. The letter instructs White River to disclose the existence of the DOJ criminal tax investigation, and calls on the SEC to take action if White River fails to do so.
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