On January 31, 2024, the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act of 2024 (the “Act”). See H.R. 7024, 118th Cong. (2024). Subject to approval by the U.S. Senate, the Act would provide several significant benefits to business taxpayers, including: (1) Extension […]
Publications
DOL’s Final Overtime Rule Raises Salary Thresholds for Exempt Employees
On April 23, 2024, the Department of Labor (“DOL”) released a final rule raising the salary thresholds for certain overtime exemptions under the Fair Labor Standards Act (“FLSA”). Baird Holm previously reported on the DOL’s proposed rule, which was introduced on August 30, 2023. All employers should be familiar with […]
FTC Issues Final Rule Banning Non-Compete Clauses
On January 5, 2023, the Federal Trade Commission (“FTC” or the “Commission”) released a Notice of Proposed Rulemaking which aimed to broadly ban non-compete clauses in employment contracts. Baird Holm previously reported the proposed rules. Over a year later, the FTC issued a final rule banning most non-competes nationwide on […]
Nebraska Adopts Consumer Data Privacy Law
Nebraska has joined the growing number of states to adopt a comprehensive consumer data protection law this legislative session. The Governor signed the Data Privacy Act (the Act) into law on April 17, 2024, where the Act takes effect on January 1, 2025. We will provide detailed analysis of the […]
The Threat from Open-Source Software
Background On March 29, 2024, a Microsoft developer noticed something wrong with his Debian system using XZ Utils. XZ Utils is a compression algorithm that is used extensively on Linux systems, especially some of the most ubiquitous systems such as Debian and Red Hat. According to reports, the user account […]