United States: Corporate/Commercial Law

Nonprofits face increasing pressure to demonstrate measurable impact to donors and funders. This guide explores how to transform program data into compelling impact statements that build trust, strengthen grant proposals, and inspire stakeholder action through evidence-based storytelling.

A “Friends Of” organization is a U.S. tax-exempt organization that generally advances charitable work associated with another U.S. organization or a foreign institution or cause. It may be closely identified with one overseas hospital, university, museum, or relief organization. The organizations may share a name, history, mission, supporters, and fundraising priorities. They may collaborate every day. For those Friends Of organizations that support foreign entities, the IRS has very specific requirements on how they can operate and send the funds abroad.

The IRS and Treasury Department have proposed sweeping new regulations that could strip tax-exempt status from private schools using race-based criteria in admissions, scholarships, or programs—even when designed to promote diversity or remedy historical discrimination. These proposed rules would affect an estimated 18,000 educational institutions nationwide and create significant compliance challenges for schools, their donors, and holders of tax-exempt bonds financing educational facilities.

Sonera, the compliance and deliverability platform formed by DNC.com and Pure CallerID, has acquired Blacklist Alliance and Number Verifier in a major consolidation move. The acquisitions unite list scrubbing, litigator screening, caller identity, and number remediation on a single platform that now processes over 1.8 billion phone numbers monthly. This strategic combination positions Sonera as a dominant force in the regulated outbound engagement market, bringing together two decades of compliance data wit

On Friday, California Office of Health Care Affordability (“OHCA”) published proposed final regulations that implement a 2026 law that significantly expanded OHCA’s review authority over health care transactions involving private equity (“PE”) groups, hedge funds, and management services organizations (“MSOs”). Stakeholders involved in California health care transactions should re-assess whether their ongoing or contemplated transactions are implicated by these regulations, because newly covered transactions will need to comply with the 90-day advance notice requirement established in the original OHCA regulations.

Private equity investment in concierge medicine, aesthetic dermatology and medispas has surged due to cash-pay economics, recurring revenue models and fragmented markets ripe for consolidation. However, navigating state-by-state corporate practice of medicine prohibitions, licensure requirements and evolving GLP-1 regulations requires sophisticated legal structuring to protect valuations and enable successful exits.

The Department of Justice announced a $25 million settlement with Accenture Federal Services over allegations that the company violated the False Claims Act by falsely certifying compliance with anti-discrimination requirements while allegedly using race or sex in hiring, promotion, and access to professional development programs. This marks the third major DEI-related FCA enforcement action in 2026, following similar settlements with IBM and Deloitte.

The House Financial Services Committee has approved legislation that would fundamentally alter how state opt-outs under DIDMCA affect interstate lending by state-chartered banks and credit unions. This development comes as federal courts grapple with challenges to Colorado's and Oregon's interpretations of their opt-out authority, raising critical questions about interest-rate exportation and charter parity.

A federal court in Iowa denied summary judgment to Medicare Health Advisors after defense counsel failed to properly authenticate Jornaya lead records and establish hearsay exceptions in a TCPA class action. The ruling highlights critical procedural mistakes in presenting consent evidence and reveals how improper handling of third-party verification records can transform a potential defense victory into millions of dollars in litigation exposure.

The U.S. Small Business Administration has set new annual fee rates for Small Business Investment Companies' debentures for fiscal year 2027, with standard debentures at 0.3000% and accrual debentures at 0.8710%. These fees apply to any SBIC receiving debenture commitments between October 1, 2026 and September 30, 2027, regardless of when the debentures are actually drawn.

Forget what you thought you knew about startup funding. According to Crunchbase, billion-dollar rounds have moved from anomaly to expectation. In the first half of 2026, 60% of global startup funding flowed to rounds of $1 billion or more — and in the U.S., that figure jumped to a staggering 73%.

Three major space and defense technology companies secured significant funding rounds in August, with investments totaling over $1.5 billion. The funding activity spans hypersonic defense systems, satellite manufacturing, and orbital computing infrastructure, attracting participation from major financial institutions and venture capital firms.