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Cyber on the Hill

Client Alert | less than 1 min read | 02.08.12

President Obama in his State of the Union address warns of “the growing dangers of cyber-threats,” Congress presses ahead with cybersecurity legislation targeted for votes this month, and the SEC’s recent guidance identifies cyber threats as “material” risks for publicly traded companies.  At Crowell & Moring’s DC office on February 15, 2012, C&M’s David Bodenheimer will serve as moderator for the ABA’s “Cyber on the Hill” discussion featuring Rep. Jim Langevin (R.I.), Co-Founder and Co-Chairman of the House Cybersecurity Caucus, who will discuss the cyber threat’s effect on national and economic security, the path toward protecting national assets and promoting cybersecurity, and the role lawyers may play in this process.

Insights

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....