Biden Rule Freeze Begins Days After Treasury Wraps Tax Law Rules

Treasury has finished all major rules stemming from the 2017 tax law, checking off a milestone in time for President Joe Biden’s administration to begin a review of guidance across the government.

Following Biden’s inauguration yesterday, his administration issued a memo that—with limited exceptions—pauses all new regulations, withdraws rules released but not yet formally published, and asks agencies to consider a 60-day effective date delay on rules that have been published in the Federal Register.

Biden didn’t single out any specific tax rules for review in a separate memo yesterday. But that doesn’t mean some won’t get a second ...