States vs Feds: When Federal Deregulation Preempts State Environmental Laws
Federal and state environmental rules are in a rare tug-of-war.
Michael A. Gayed, CFA
Founder of Lead-Lag Media and Publisher of The Lead-Lag Report. Five-time Dow & Founders Award winner. Host of the Lead-Lag Live podcast.
Permitting Reform as Deregulation: Bottlenecks in Energy, Mining & Infrastructure
Imagine an energy company ready to build a new wind farm or transmission line, only to wait years for a permit.
Deregulation Meets Private Credit: How Looser Rules Could Fan the Flames of Non-Bank Lending
When Wall Street lenders descended on Miami Beach for the ABS East structured-finance conference, the mood was euphoric.
Trucking & Transport: How 2025 Deregulation Is Reshaping a $1 Trillion Industry
Drive across the U.S.
How Deregulation Could Accelerate U.S. Infrastructure
And What It Means for Industrials & Materials
The Free Markets Report Is Back: What You Missed in 5 Months of Deregulation
A comprehensive catch-up on the most aggressive deregulatory year in modern American history — and what it means for your portfolio.
Trump's Wartime Powers Come for Energy: What the DPA Means for Pipelines and Portfolios
Five presidential determinations invoking the Defense Production Act signal a fundamental shift in how Washington views energy infrastructure — and who profits from it.
The Supreme Court Just Handed Closed-End Funds a Moat. Activists Lost Their Sharpest Knife
FS Credit Opportunities Corp.
Interior Just Unlocked 92 Million Acres. The Outdoor Recreation Cohort Has Not Moved. That Divergence Is the Trade.
On June 19, 2026, the Department of the Interior proposed opening 1,450 new hunting and fishing access opportunities across 111 wildlife refuges and fish hatcheries — 92 million acres of federal land, one deregulatory stroke, and a cohort of public equities priced as if it never happened.
EO 14411 Is a Customs Enforcement Earthquake. The Importer of Record Just Became a Strict-Liability Position.
Trump’s June 3 executive order strengthens CBP enforcement penalties, expands disclosure requirements, and prioritizes forced-labor, misclassification, undervaluation, and transshipment cases.
DHS Rescinded Disparate Impact Liability for $63 Billion in Grants. The Federal Contractor Math Just Changed.
The June 18 rule eliminates effects-based liability for DHS and FEMA grant recipients — and skips notice-and-comment.
The CFPB Pulled the 2020 Advisory Opinion. Regional Banks Are Not All Equivalent Here.
Six paragraphs from the Bureau.