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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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The chemical industry is subject to complex and ever-evolving laws and regulations. New standards governing the production and use of chemicals are implemented every year worldwide, and existing laws and regulations are constantly changing to keep pace with new information and scientific advancements. Chemical Industry Regulatory Update provides a monthly digest of recent legislative and regulatory developments and related industry news.

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ASC Annual Convention &amp; EXPO 2024 | Louisville, KY

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ASC’s <a href="https://www.ascouncil.org/events/2024-annual-convention-and-expo">Annual Convention</a> in 2024 is seeking expert speakers to address the adhesive &amp; sealant community during the extensive technical education sessions. They are expecting 800+ professionals in Louisville in April 2024 from all levels including technical, management, and procurement. This is a great opportunity to position yourself in front of some of the top decision makers and leaders in the industry. Submit by Friday, December 15 <a href="https://www.jotform.com/231866626366163">here</a>.

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Risks and Rewards of Purchasing Renewable Energy ITCS

Thompson Hine lawyers <a href="https://www.thompsonhine.com/professionals/kevin-r-tabor/">Kevin Tabor</a>, <a href="https://www.thompsonhine.com/professionals/thomas-j-callahan/">Tom Callahan</a> and <a href="https://www.thompsonhine.com/professionals/alexis-j-kim/">Alexis Kim’s</a> article titled "Risks and Rewards of Purchasing Renewable Energy ITCs,” was recently published in Tax Notes. In this article, they examine recently proposed regulations that open the energy investment tax credit market to more organizations (by making the credits transferrable) and highlight the risks that new ITC buyers may face. To view the article, click <a href="https://www.thompsonhine.com/insights/risks-and-rewards-of-purchasing-renewable-energy-itcs/">here</a>.

DOL Again Enters the Investment Advice Fray With Proposed Retirement Security Rule

<a href="https://www.thompsonhine.com/professionals/katherine-b-kohn/">Katherine B. Kohn</a>, <a href="https://www.thompsonhine.com/professionals/edward-c-redder/">Edward C. Redder</a>, <a href="https://www.thompsonhine.com/professionals/david-uhlendorff/">David Uhlendorff</a>

On October 31, the U.S. Department of Labor (DOL) issued the proposed Retirement Security Rule (Proposed Rule), which would amend the existing rule that defines when a person is an investment advice fiduciary under the Employee Retirement Income Security Act of 1974, as amended (ERISA), and the Internal Revenue Code of 1986, as amended (Code). The DOL simultaneously issued proposed amendments to various class prohibited transaction exemptions (Exemptions), which are intended to narrow and harmonize the exemptions available to address conflicts of interest with respect to investment advice. <a href="https://www.thompsonhine.com/insights/dol-again-enters-the-investment-advice-fray-with-proposed-retirement-security-rule/">Continue reading.</a>

Department of Commerce Issues Further Export Controls Targeting China’s Semiconductor Manufacturing and Advanced Computing

<a href="https://www.thompsonhine.com/professionals/francesca-guerrero/">Francesca M.S. Guerrero</a>, <a href="https://www.thompsonhine.com/professionals/samir-d-varma/">Samir D. Varma</a>, <a href="https://www.thompsonhine.com/professionals/aaron-c-mandelbaum/">Aaron C. Mandelbaum</a>, <a href="https://www.thompsonhine.com/professionals/scott-e-diamond/">Scott E. Diamond*</a>

On October 25, 2023, the Department of Commerce’s Bureau of Industry and Security (BIS) published two significant Interim Final Rules updating the agency’s October 7, 2022, rulemaking that target support for China’s semiconductor manufacturing items, software, and technology and access to advanced computing. According to Commerce Secretary Gina Raimondo, these updated rules “will increase effectiveness of [U.S.] controls and further shut off pathways to evade our restrictions. These controls maintain our clear focus on military applications and confront the threats to our national security posed by the [Chinese] Government’s military-civil fusion strategy.” <a href="https://www.thompsonhine.com/insights/department-of-commerce-issues-further-export-controls-targeting-chinas-semiconductor-manufacturing-and-advanced-computing/">Read more.</a>

Check out the latest <a href="https://www.thompsonhine.com/insights/employment-legislation-outlook-december-2023/">Employment Legislation Outlook</a>. This monthly digest is designed to keep you apprised of upcoming major state law changes in areas including paid sick and safe leave laws, family and parental leave, recreational and medicinal marijuana use, workplace gun laws, asking candidates about salary history and unpredictable scheduling.

Looking for Adhesive &amp; Sealant Training?

ASC’s <a href="https://www.ascouncil.org/certificate-program">Training Academy Certificate Program</a> offers a convenient and cost-effective, web-based method of workforce training ideal for new or new to a role staff and professionals. A variety of flexible and affordable subscription options are available.

For more information, contact the editor, <a href="https://www.thompsonhine.com/professionals/devin-a-barry/">Devin A. Barry</a>, or any of the authors.

Chemical Industry Regulatory Update is compiled by Thompson Hine lawyers on behalf of <a href="https://www.ascouncil.org/">The Adhesive and Sealant Council</a>. It should not be construed as legal advice, and the views and opinions expressed herein are those of the authors and do not necessarily reflect those of the ASC or its members.

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Chemical Industry Regulatory Update – December 2023

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