Treasury secures agreement to exempt U.S. companies from OECD tax plan
The U.S. Treasury announced this week that it had secured an agreement to nullify the Organization for Economic Cooperation and Development (OECD) Pillar Two Agreement specifically for multinational U.S.-based companies. The OECD global minimum corporate tax rate, agreed up during the Biden administration, encourages countries to impose various taxes to ensure that large companies pay at least 15 percent in each jurisdiction where they operate. Congressional Republicans opposed this measure, ...
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Bill that extends tax deadlines for disaster victims signed into law
A bill that extends tax deadlines for victims of natural disasters was recently signed into law. The legislation, sig...Read More »
Federal Reserve, FDIC update asset-size thresholds for banks
The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) updated the Community Reinvestment Act (C...Read More »
SEC files charges against crypto asset trading platforms for fraud
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Congress members urge Fed to recirculate existing pennies
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Lawmakers ask IRS to update guidance on staking rewards taxation
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CFTC launches pilot program for Energy Commodity End User Swaps
The Commodity Futures Trading Commission’s Market Participants Division has established a pilot program designed to in...Read More »
Fed releases staff manual on the supervision of large banks
The Federal Reserve Board published a staff manual last week for the supervision of the largest and most complex banks...Read More »
U.S. House Financial Services Committee advances Housing for the 21st Century Act
The U.S. House Committee on Financial Services advanced legislation this week that seeks to streamline housing developme...Read More »
FDIC approves interim final rule on special assessment collections from failed banks
The Federal Deposit Insurance Corporation (FDIC) approved an interim final rule related to the closures of Silicon Val...Read More »
