News
Goldberg Kohn's Director of Knowledge Management and Innovation, Laura Jakubowski, has authored "2025 Policy Outlook: Navigating Economic and Regulatory Shifts Under New Leadership," published December 6, 2024, in TSL Express.
As Chair of SFNet’s Advocacy Committee, Laura writes that the first quarter of 2025 will be pivotal, as early appointments and initial actions reveal how assertively the Trump administration plans to advance its agenda, though key changes will likely take months to implement. A key early focus will be on extending provisions of the Tax Cuts and Jobs Act (TCJA), with individual tax benefits and some corporate provisions set to expire in 2025.
Banking regulators are preparing for an immediate overhaul as new leadership takes control at the FDIC, OCC and CFPB. The Basel 3 Endgame rules, which aim to significantly increase bank capital requirements and were released in proposed form in 2023, but not finalized, are expected to be re-proposed with significant changes to soften the requirements. Bank merger activity is expected to accelerate, consumer protection policy shifts are expected, and the federal government may finally resolve the long-running conservatorships of Fannie Mae and Freddie Mac.
Laura also addresses trade policy, which is expected to undergo equally significant shifts. And predicts impacts to several industries, including healthcare, energy and technology.
Finally, at the state level, Laura writes that the Advocacy Committee's focus remains on developments in certain key states, particularly as they relate to financing disclosure laws. She reports that SFNet will remain focused on monitoring for legislative introductions that might impact the industry, assessing risks and opportunities, and responding quickly to new developments in jurisdictions that are of high importance to SFNet members.
CLICK HERE to read the full article.
Related People
Director of Knowledge Management and Innovation