As part of the SEC's broader rulemaking initiative, on March 9, 2022, the SEC proposed amendments to enhance and standardize disclosures regarding cybersecurity risk management,.
Rule 10b5-1(c) under the Securities Exchange Act of 1934 ("Exchange Act") provides corporate insiders an affirmative defense to insider trading claims if a trade is made.
The Situation: The Senate is set to consider a bipartisan bill, S. 2428, that would make substantive and procedural amendments to the False Claims Act ("FCA")
In July 2021, a bipartisan group of senators introduced a bill, S. 2428, entitled the False Claims Amendments Act of 2021 ("S. 2428"), which proposed substantive and procedural.