Partner Joe Jacquot was quoted in a Law360 article, “Dem AG Gains May Spur State Financial Services Action,” about the possibility that the midterm election results might precipitate an increase in state enforcement actions against banks and other financial services firms.
Jacquot said that compared to the last few election cycles, the Nov. 6 election marked a resurgence on the Democratic attorney general side. “I think those AGs – not only the ones that won in significant states, like Michigan, Wisconsin and Nevada, but also as a whole – feel a new motivation, and I think you’re going to see them press that in enforcement actions,” he said.
The vast majority of those elections were run against Trump and his policies, Jacquot noted. “When you run a campaign on those issues, particularly as a first-time candidate for this office, and you’re elected, there’s not only an obligation but also a motivation to make good on those promises,” he said.
Jacquot said that compared to the last few election cycles, the Nov. 6 election marked a resurgence on the Democratic attorney general side. “I think those AGs – not only the ones that won in significant states, like Michigan, Wisconsin and Nevada, but also as a whole – feel a new motivation, and I think you’re going to see them press that in enforcement actions,” he said.
The vast majority of those elections were run against Trump and his policies, Jacquot noted. “When you run a campaign on those issues, particularly as a first-time candidate for this office, and you’re elected, there’s not only an obligation but also a motivation to make good on those promises,” he said.
Related News
06 February 2025
In the News
Vanessa Miller Assesses Panama Canal Discourse
Foley & Lardner LLP partner Vanessa Miller commented in SupplyChainBrain article, "The Fight for Control of the Panama Canal," lending important context to the recent headlines over the important waterway.
06 February 2025
In the News
Gregory Husisian Weighs in on Suspension of De Minimis Trade Exemption
Foley & Lardner LLP partner Gregory Husisian offered context on President Trump's recent trade actions on China in The Wall Street Journal article, "Why Trump Is Closing a Trade Exemption for China."
04 February 2025
In the News
Andrew Wronski on Tariff Fluidity – 'Keep on top of the issues'
Foley & Lardner LLP partner Andrew Wronski assessed the evolving shift in U.S. trade policy in the Milwaukee Business Journal article, "Trump tariffs won't disappear — so how should Wisconsin businesses prepare?"