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Commerce Proposes Updates To Reauthorized Defense Production Act

Client Alert | less than 1 min read | 06.14.10

On June 7, 2010, the Department of Commerce issued a proposed rule implementing 2009 legislation to reauthorize and improve the Defense Production Act. In addition to reauthorizing the use by designated federal agencies of priority ratings on contracts or orders, requiring contractors (and potentially their subcontractors and vendors) to give priority to those contracts or orders over other contracts or orders, the proposed rule "clarifies" the standards and procedures for issuing a rated contract/order and establishes new procedures by which an agency may allocate scarce materials, services, and facilities to promote the national defense or to respond to a national emergency.

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Client Alert | 4 min read | 08.21.25

FLSA Overtime Reporting and Withholding

The One Big Beautiful Bill Act (the Act), signed on July 4, 2025, allows a deduction from an individual’s personal tax return on Form 1040 for “qualified overtime compensation” as defined in new Code § 225. The amount that can be deducted from the employee’s return is capped at $12,500 with the maximum then adjusted down if the employee’s AGI exceeds certain limits. This deduction is permitted in 2025....