The Library

The Governor took legislative action on over 960 bills laid on his desk from the 2025 General Assembly Session, including the budget. Governor Youngkin vetoed nearly 160 bills and made recommendations to just as many. In the budget bill, the Governor made 205 amendments and 8 vetoes. A complete list of the Governor’s amendments to the budget may be read here. The General Assembly will have a Reconvene Session on April 2 to respond to his amendments and vetoes. For bills which the Governor vetoed, the threshold for his veto to be overridden is a 2/3 vote of members present. […]

Article originally featured in the Legal Backgrounder, Vol. 40 No. 3 from the Washington Legal Foundation One may have missed the Executive Order issued February 19, 2025, entitled “Ensuring Lawful Governance and Implementing the President’s ‘Department of Government Efficiency’ Deregulator Initiative” (“Executive Order”).[1]  It orders agency heads to identify regulations to target for deregulatory action.  Although that may be a substantial opportunity for certain heavily regulated industries, those same industries and their regulators should be careful that the unintended consequence is not more regulation at the state and local level.  The railroad industry is such an industry; the Federal Railroad […]

On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued an Interim Final Rule which serves as an update to reporting requirements under the Corporate Transparency Act (“CTA”). The update revised the definition of “reporting company” to only include entities formed under the laws of a foreign country AND that are registered to do business in the United States. Additionally, U.S. persons that beneficially own foreign entities do not need to report under the CTA. This update removed U.S. entities from the definition of “reporting companies,” removing any obligation of U.S. entities to file beneficial ownership reports under the […]

On March 14, 2025, a three-judge panel of the U.S. Court of Appeals for the Fourth Circuit granted the Trump Administration’s motion to stay enforcement of a district court’s preliminary injunction against three aspects of President Trump’s executive orders (EOs) banning “illegal” diversity, equity, and inclusion (DEI) preferences and programs. Key points of the ruling: The stay allows the Trump Administration to resume implementation of certain challenged aspects of EOs 14151 and 14173, i.e., the termination of equity-related grants or contracts, the ability to require certifications from government contractors that they do not operate programs promoting “illegal DEI” and to […]