Financial Regulations

The Senate's FY 2027 NDAA includes a provision to limit stock buybacks by defense contractors, potentially reshaping capital allocation strategies. This provision, backed by unions, could impact eligibility for future DoD contracts, while contrasting with opposition from business groups. The outcome remains uncertain as Congress finalizes the bill.

The FDIC's proposed rule seeks to create parity for state-chartered banks similar to national banks. This change could significantly impact compliance obligations and service delivery models for state banks operating across state borders, thereby affecting procurement for vendors supporting these institutions.