Brussels Regulatory Brief

On 3 July 2025, the House passed the Senate’s version of H.R. 1, the budget reconciliation bill formerly known as the “One Big Beautiful Bill Act”.

President Donald J. Trump signed H.R. 1, the One Big Beautiful Bill Act into law on 4 July 2025 in an afternoon signing ceremony at the White House.

In late May 2025, the Consumer Protection Cooperation Network and the European Commission concluded a joint investigation into online marketplace and e-retailer SHEIN.

On 22 December 2020, the U.S. Securities and Exchange Commission (SEC) adopted amendments (the final rule) to Rule 206(4)-1 under the Investment Advisers Act of 1940 (the Advisers Act) to modernize the regulation of investment adviser advertising and solicitation practices.