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7/31/2025

New Prompt Payment Interest Rate Set for 2025 Period

The Contract Disputes Act has established a prompt payment interest rate of 4 5/8% per annum for the period from July 1, 2025, to December 31, 2025, in an effort to encourage timely payments among businesses.

7/30/2025

FDA Terminates Arthritis Advisory Committee

The FDA has announced the termination of its Arthritis Advisory Committee, citing that it is no longer necessary to maintain the committee, as determined by the Commissioner of Food and Drugs.

7/30/2025

FDA Announces FY 2026 VQIP User Fee Rate

The FDA is setting an annual fee for importers participating in the Voluntary Qualified Importer Program, which is authorized by the FSMA, effective August 1, 2025, and lasting through September 30, 2026.