In an important first, the yearly defense policy law, the National Defense Authorization Act (NDAA) for Fiscal Year 2026, directs the Department of Defense (DoD) to develop and implement a framework addressing the cybersecurity and physical security of artificial intelligence and machine learning technologies (AI/ML) acquired by the Pentagon.
Business & Legal Developments | January 2026
Friends,In last month’s newsletter, we examined how strong venture capital (VC) momentum and artificial intelligence’s (AI) dominance collided with extended liquidity timelines to reshape exit strategies. While funding and deal activity surged, delayed initial public offering (IPO) windows fueled growth in secondary transactions, making direct secondaries and continuation vehicles essential tools for investors navigating
Sunset 2025: The Year the Ground Moved Under Our Feet
As 2025 comes to a close, I’ve been thinking about the year the way many of my founder clients do: not as a clean sequence of quarters, but as a series of shocks, reversals, and reinventions that forced all of us to adapt in real time. It was a year that felt like five compressed
State AG News: Consumer Protection Enforcement, Federal Funding, AI (December 18-24, 2025)
Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. See our State Attorneys General page for more insights. Below are the updates from December 18-24:
Multistate
- A coalition of 23 attorneys general sent a comment letter to the Federal Communications Commission (FCC) opposing the preemption of state
The FY 2026 National Defense Authorization Act
On December 18, 2025, the Fiscal Year 2026 National Defense Authorization Act (FY 2026 NDAA) (P.L. 119-60) was signed into law. The Act makes significant changes to defense acquisition, sourcing restrictions, and interactions between the Defense Industrial Base (DIB) and the Department of Defense (DOD).
CBCA’s FY 2025 Report – Examining the Numbers
In its recently published FY 2025 Annual Report (Report), the Civilian Board of Contract Appeals (CBCA) provided detailed statistics about appeals involving disputes between contractors and civilian agencies. This past year, the civilian agencies with the highest number of docketed claims at the Board were the Department of Veterans Affairs (70 appeals), the United States
The Next Era of Board Evaluations From Compliance to Strategic Advantage
https://medium.com/media/56841b21bf228e841d64486001ca986c/hrefLaurie Yoler led a candid discussion with Jessica Denecour, Louis Lehot, Logan McDougal, and Brian M. Wong on how the board evaluation process is evolving, and why board “effectiveness” must now be treated as a strategic priority rather than a procedural requirement.It was clear from the discussion that board evaluations are no longer a
Top Five Trends and Takeaways from the FY 2025 ASBCA and CBCA Annual Reports
As fiscal year (“FY”) 2025 closes, both the Armed Services Board of Contract Appeals (“ASBCA”) and Civilian Board of Contract Appeals (“CBCA”) released their annual reports. Together, the two reports provide a useful snapshot of case volumes, outcomes, agency trends, and procedural developments. We break down the findings and, most importantly, what they mean for
Foley Event Key Takeaways- Ready for Anything: Preparing for IPOs, SPACs, and Unexpected Capital…
Foley Event Key Takeaways- Ready for Anything: Preparing for IPOs, SPACs, and Unexpected Capital Market ShiftThis article originally appeared on Foley on December 4, 2025: Foley Event Key Takeaways- Ready for Anything: Preparing for IPOs, SPACs, and Unexpected Capital Market ShiftFoley & Lardner, Protiviti and SS&C Intralinks recently hosted an event in Foley’s Silicon Valley office
State AG News: Voter Privacy, Overcharged Bills, Federal Benefits (November 27-December 3, 2025)
Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. See our State Attorneys General page for more insights. Below are the updates from November 27-December 3:
Multistate
- A coalition of 36 attorneys general opposed a federal ban on state AI laws. The National Association of Attorneys General