Thirty days into the U.S. government shutdown, most federal agencies are operating with only “essential” personnel. The SEC and FTC are running with minimal staffing, authorized to take only limited actions. At the SEC, no registration statements have been declared effective since the shutdown began, and a backlog of more than 1,000 filings is expected to await review once operations resume.
Bradley P. Smith
Partner, New York
+1 212.351.5376
Brad Smith is a partner in the New York office of Gibson Dunn. He plays a leading role in high-stakes antitrust matters, offering strategic counsel on both merger-related and standalone antitrust issues. Brad is especially noted for his deep expertise in Hart-Scott-Rodino Act pre-merger notification requirements. He has advised clients across sectors including technology, life sciences, finance, transportation, and industrial clients, with completed transactions totaling over $500 billion in value.