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On April 15, President Trump issued an Executive Order titled “Lowering Drug Prices By Once Again Putting Americans First” and an accompanying “Fact Sheet: President Donald J. Trump Announces Actions to Lower Prescription Drug Prices.”  The President directs a wide range of drug pricing actions, including

Continue Reading Covington recently issued several client alerts regarding the Trump Administration’s actions related to drug pricing.

On January 29 – 31, 2025, Covington convened authorities from across our practice groups for the Sixth Annual Technology Forum, which explored recent global developments affecting businesses that develop, deploy, and use cutting-edge technologies. Seventeen Covington attorneys discussed global regulatory trends and forecasts relevant to these industries, highlights of which are captured below.  Please click here to access any of the segments from the 2025 Tech Forum.

Day 1: What’s Happening Now in the U.S. & Europe

Early Days of the New U.S. Administration

Covington attorney Holly Fechner and Covington public policy authority Bill Wichterman addressed how the incoming administration has signaled a shift in technology policy, with heightened scrutiny on Big Tech, AI, cryptocurrency, and privacy regulations. A new Executive Order on AI aims to remove barriers to American leadership in AI, while trade controls and outbound investment restrictions seek to strengthen national security in technology-related transactions. Meanwhile, the administration’s approach to decoupling from China is evolving, with stricter protectionist measures replacing prior subsidy-based initiatives.

Cross-Border Investment

Covington attorney Jonathan Wakely discussed the role of ongoing geopolitical tensions in shaping cross-border investment policies, particularly in technology-related transactions. He noted that the Committee on Foreign Investment in the United States (CFIUS) remains aggressive in reviewing deals that could pose China-related risks. The new Outbound Investment Rule introduces restrictions on U.S. persons investing in Chinese companies engaged in certain AI, quantum computing, and semiconductor activities.

Updates on European Tech Regulation

Covington attorneys Sam Choi and Bart Szewczyk explained how, in light of the Draghi Report on European competitiveness and growing geopolitical pressures, the European Commission is planning to focus on “European competitiveness” in this term. The European Commission has announced plans to increase investments into its tech sectors, and find ways to ease the regulatory burden on companies. It is expected that the EU will focus on implementing, and potentially streamlining, its existing tech regulatory regime – rather than adopting new tech regulations that will impose added obligations on companies. The EU already has in place a robust regulatory regime covering privacy, cybersecurity, competition, data sharing, online platforms, and AI. In 2025, the recently adopted AI Act and the Data Act will start to apply, so companies should prepare for their implementation.  Continue Reading Covington Technology Forum Spotlight – The Great Race: Keeping Up as Technology and Regulation Rapidly Evolve

In a new post on the Inside Class Actions blog, our colleagues discuss a new Illinois federal court decision, Gregg v. Cent. Transp. LLC, 2024 WL 4766297, at *3 (N.D. Ill. Nov. 13, 2024), which holds that the state’s recent amendment to its Biometric Information Privacy Act capping

Continue Reading Illinois Federal Court Rules BIPA Single-Violation Amendment Applies Retroactively

On Sunday evening, President-elect Donald Trump announced that he will name Federal Communications Commission (FCC) Commissioner Brendan Carr as Chair of the FCC.  Because Commissioner Carr is a sitting Commissioner, no Senate confirmation is needed, and he will become FCC Chairman as of Inauguration Day on January 20, 2025.   

While

Continue Reading Trump Signals Continued Focus on “Big Tech” in Naming Brendan Carr as FCC Chair

With U.S. President Trump returning to the White House, we expect the regulatory landscape facing technology and communications companies to shift significantly, if not uniformly. 

On the one hand, media and telecommunications companies that have long been regulated heavily by the FCC can likely expect a more deregulatory environment than they have experienced under the Biden Administration (with potential caveats).  On the other, large technology companies, which have largely avoided heavy-handed regulation, can expect to face a more active regulatory environment aimed at limiting or preventing content moderation decisions that the incoming Administration has characterized as “censorship” of conservative viewpoints.  Meanwhile, bipartisan priorities—such as the commitment to ensuring national security in the telecommunications sector—will likely continue to be a major focus of regulatory agencies.  While the assessments of regulatory risks and opportunities will continue to be refined and updated as the next Trump administration takes shape, we highlight here a few trends that are likely to influence policy and regulation at the FCC over the next four years.

Changes in Regulation:  Deregulation for Some, Greater Scrutiny for Others

FCC Commissioner Brendan Carr, who is the frontrunner to be named the next Chair of the FCC, has a long history of public statements supporting deregulation of the industries historically regulated by the FCC.  For instance, Carr has observed in the past that “rapidly evolving market conditions counsel in favor of eliminating many of the heavy-handed FCC regulations that were adopted in an era when every technology operated in a silo.”  This likely means that we can expect to see a Republican-led FCC seeking opportunities to loosen regulations on broadcasters, the pay TV industry, and internet service providers, ranging the gamut from reform of broadcast licensee ownership restrictions to repealing (or supporting the court reversal of) the Biden-era net neutrality order.

However, other industries under the FCC’s umbrella may face greater scrutiny.  In particular, we anticipate that the FCC’s interest in national security policymaking will continue to grow, as Commissioner Carr has highlighted issues such as curbing the influence of foreign nations on social media platforms and expanding the FCC’s list of providers of communications equipment and services that pose an unacceptable risk to the national security of the U.S.  This interest could expand beyond traditional telecommunications providers to other technology enterprises, such as those that offer high-powered cloud computing services to customers in China and elsewhere. Continue Reading Likely Trends in U.S. Tech and Media Regulation Under the New Trump Administration

In a new post on the Inside Government Contracts blog, our colleagues discuss new reporting requirements by the Department of Commerce, Bureau of Industry and Security for the development of advanced AI models and possession of large-scale computing clusters.

Continue Reading Every Quarter, On the Quarter:  BIS Proposes New Reporting Requirements for the Development of Advanced Artificial Intelligence Models and Possession of Large-Scale Computing Clusters

The Supreme Court will soon decide whether to hear two cases that could dictate the future of climate change tort suits.  Such suits have proliferated in recent years: several dozen active cases assert state tort law claims—like nuisance, trespass, and strict liability—against oil and gas companies for fueling and misleading

Continue Reading Supreme Court Receives Filings with Key Implications for Climate Change Tort Suits

In a new post on the Inside Government Contracts blog, our colleagues discuss recent developments under President Biden’s Cybersecurity Executive Order and the U.S. National Cybersecurity Strategy.  To read the post, please click here.

Continue Reading September 2023 Developments Under President Biden’s Cybersecurity Executive Order and National Cybersecurity Strategy