Seigfreid Bingham News & Blog
Update on Missouri’s Minimum Wage Increase and Paid Sick Leave Requirements, Lawsuits Challenging Proposition A, and Potential Missouri Legislative Changes to Proposition A
By: Katie Conklin and John Vering
As we explained in our previous client alert, on November 5, 2024, Missouri voters approved Proposition A by over 57%, which increased the Missouri Minimum Wage to $13.75, effective January 1, 2025, which will then increase to $15.00 per hour, effective January 1, 2026. Thereafter, the Missouri Minimum Wage will be adjusted annually based on the Consumer Price Index. Further, Proposition A requires that most Missouri non-governmental employers provide one hour of paid sick leave for every 30 hours worked. Proposition A requires employers to post and send employees a notice regarding paid sick leave by April 15, 2025, and start providing paid sick leave beginning May 1, 2025.
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Lori Beam Earns Recognition on MLM Health Care Law POWER List
Seigfreid Bingham attorney Lori Beam has been named to the Missouri Lawyers Media (MLM) Health Care Law POWER list for 2025.
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CTA Limited to Foreign Entities
By: John Fuchs, Rachel Sterbenz, Tate Thompson, and Nida Rais
The Corporate Transparency Act (“CTA”) is yet again making headlines. As we previously reported, the Financial Crimes Enforcement Network (“FinCEN”) recently extended the CTA reporting deadline to March 21, 2025, for most reporting companies. However, since then, FinCEN announced they will not penalize individuals or entities for not filing a beneficial ownership information report (“BOIR”) by the March 21st deadline and indicated they will be proposing changes to the CTA reporting rule to reduce the “regulatory burden on businesses.”
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Department of Education Rescinds Title IX Guidance on NIL Payments
By: Tate Thompson and Colby Stone
The Department of Education (the “Department”) has rescinded Name, Image, and Likeness (“NIL”) guidance issued in the final days of the Biden administration that interpreted Title IX to require proportional NIL payments among men’s and women’s collegiate sports. The Department’s rescission came less than a month after the Biden administration issued its Title IX guidance.
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Corporate Transparency Act Update: Reporting Obligations Reinstated
By: John Fuchs, Rachel Sterbenz, and Tate Thompson
The rollercoaster that is the Corporate Transparency Act (“CTA”) continues. In short, Reporting Companies (as defined by the CTA) are once again required to file beneficial ownership information reports (“BOIRs”) with the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”), and FinCEN has extended the reporting deadline to March 21, 2025, for the majority of Reporting Companies. However, Reporting Companies that were previously given a later deadline should abide by such later deadline to file their initial BOIRs (e.g., Reporting Companies that qualify for a disaster relief extension).
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Trump Executive Order 14201 and the NCAA’s Revised Participation Policy for Transgender Student-Athletes
By: Greg Whiston, Tate Thompson, and Colby Stone
On February 5, 2025, President Trump signed Executive Order 14201 entitled “Keeping Men Out of Women’s Sports” (the “Order”), banning transgender athletes from participating in girls’ or women’s sports, asserting that it is “the policy of the United States to oppose male competitive participation in women’s sports.”
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