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The Wait Is Over: Final DFARS Safeguarding Rule Published Today

Client Alert | 1 min read | 10.21.16

Almost three years after its first iteration was published, DoD has finalized the DFARS Safeguarding Rule and corresponding DFARS clauses regarding the protection of “covered defense information” provided to or generated by defense contractors. Effective today, the Final Rule by and large reflects the same requirements of its interim versions and FAQs but with a few notable exceptions, including the definition of “covered defense information” now encompasses all forms of “controlled unclassified information” and thus aligns with the National Archive’s recent final rule, external cloud services housing covered defense information must comply with certain FedRAMP security requirements, and subcontractors must notify their primes when requesting variances from the security controls of NIST Special Publication 800-171.

Insights

Client Alert | 3 min read | 09.15.25

Senate Finance Committee Looking to Take White River to the Train Station, Confirms DOJ Investigation into Tribal Tax Credits

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....