Supreme Court Rules 6-3 Against IEEPA Tariffs, Case to Return to CIT for Refund Judgement In a 6-3 vote, the U.S. Supreme Court has issued a historic decision this morning against the IEEPA tariffs imposed by President Trump. Chief Justice Roberts wrote the majority opinion and has stated “The Government reads IEEPA to give the President power to unilaterally impose …
CARMICHAEL COMPASS: ISSUE 26-007 – February 13, 2026
New Bipartisan Bill Jeopardizes First Sale A new bipartisan bill was introduced in the House on Wednesday February 11 by Senators Cassidy (R-LA) and Whitehouse (D-RI). This bill, known as The Last Sale Valuation Act would: At this time, language for this bill has not been posted on Congress.gov. However, it can be found on Senator Whitehouse’s website. Argentinian Trade …
CARMICHAEL COMPASS: ISSUE 26-006 – February 4, 2026
Short-lived Partial Government Shutdown Ended, AGOA and Haiti HELP Restored The partial government shutdown that took effect over the weekend has ended. On February 3 the House voted to pass the consolidated spending bills and extended funding for DHS through February 13. This gives Congress approximately ten days to find a solution to the calls for reform to Immigration and …
CARMICHAEL COMPASS: SPECIAL ISSUE 26-005 – February 1, 2026
Lapse in Appropriations Leads to Hopefully Short-lived Partial Government Shutdown On Friday, the Senate voted to separate a DHS funding bill from the remaining five bills funding other agencies for the rest of the fiscal year. The splitting of the DHS bill stems from increased pressure to place restrictions on Immigration and Customs Enforcement (ICE) operations. It’s important to note …