House Hammers Hubzone Program
Client Alert | less than 1 min read | 03.31.09
Following the release of a GAO Report (GAO-09-440) on March 25, 2009, finding continued fraud and abuse in the SBA's Historically Underutilized Business Zone ("HUBZone") program, members of the House Small Business Committee stated that they would consider shutting down the program if the widespread fraud was not addressed immediately. The GAO report found that 19 firms who were ineligible for the HUBZone program had received $30 million in HUBZone contracts and $187 million on all federal contracts during FY2006 and 2007, largely as a result of the SBA's lack of internal controls in identifying fraudulent designations of principal offices and failures to comply with the 35 percent residency requirement.
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Client Alert | 10 min read | 04.22.26
The EU Industrial Accelerator Act Proposal’s Significance for the Automotive Industry
On March 4, 2026, the European Commission proposed the Industrial Accelerator Act (IAA), a draft regulation that aims to reverse the decline of the EU’s manufacturing sector while supporting the adoption of cleaner technologies. This client alert is the third in a three-part series dedicated to the IAA. In our first alert, we provided an overview of the draft regulation. In a second alert, we took a closer look at the new foreign direct investment (FDI) review framework that the IAA would establish for certain strategic sectors. In this third and final instalment of the series, we focus on the implications of the proposal for the automotive industry.
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CMS Finalizes CY 2027 Medicare Advantage and Part D Rule: Key Implications for Plan Sponsors
