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Steve Schwartz discusses significant updates regarding the American Bar Association (ABA) and the LSAT requirement. He encourages viewers to like, comment, and subscribe to his channel. Schwartz notes that in November, the ABA's legal education committee recommended eliminating the requirement for law schools to use standardized tests, such as the LSAT or GRE, in their admissions process. Historically, the ABA mandated standardized testing for law school admissions, primarily using the LSAT. Recently, they permitted the GRE and other tests, but the new recommendation indicates a shift towards a test-optional policy.