Author:

Patrick Chomczyk

House Moves to Bolster Supply Chain and Network Security

On October 20, the House of Representatives passed several bills directed at the Department of Homeland Security (“DHS”) and the Department of Commerce (“DOC”) that may impact network security compliance measures affecting U.S. businesses.  These bills take aim at much of the software and network technology used by companies within the supply chain to ensure that security is not dismissed in the effort to cut costs and to maintain healthy competition between network communication equipment vendors.

SEC Brings First Charges Involving Regulation Crowdfunding

On September 20, the United States Securities and Exchange Commission charged three individuals with conducting fraudulent crowdfunding schemes while also bringing charges against the crowdfunding portal where the offerings were conducted in SEC v. Shumake. As the first case being pursued under Regulation Crowdfunding, a number of questions wait on the horizon regarding the responsibility of crowdfunding platforms to protect investors when orchestrating such offerings.

NCAA Name, Image and Likeness Legislation Raises Concerns

On June 29, 2021, Illinois Governor J.B. Pritzker signed a bill into law that allows collegiate student-athletes to hire agents and sign endorsement deals effective as of  July 1, 2021. This bill puts Illinois among a number of states which have begun to pass legislation allowing student-athletes to receive payment for the use of their name, image, and likeness (“NIL”). While these laws open opportunities for student-athletes, they also present several potential challenges to the NCAA, the governing body for collegiate athletics in the United States, and its member institutions barring any Congressional assistance.