The U.S. Securities and Exchange Commission (SEC) is actively reconsidering the definition and eligibility criteria for "Foreign Private Issuer" status under U.S. securities laws. Throughout late June and early July 2025, the SEC has issued concept releases and sought public comments to reassess the standards that determine which foreign companies qualify as private issuers. Legal experts and law firms such as Hunton Andrews Kurth, K&L Gates, ArentFox Schiff, Orrick, and TPL Law have highlighted the importance of this reassessment for issuers and market participants. The ongoing review aims to clarify regulatory requirements and ensure that the definition aligns with current market practices. Concurrently, there is notable activity in related legal areas including sustainable energy and infrastructure mergers and acquisitions, as well as immigration-related visa updates for investors and workers, reflecting broader regulatory and market developments in mid-2025.