A group of Congress members recently urged Treasury Secretary Janet Yellen and Commissioner of Internal Revenue Charles Rettig to reverse Trump administration rules that ended disclosure requirements ...
Read More
The Senate Finance Committee advanced the Clean Energy for America Act, which incentivizes clean energy, clean transportation, and energy efficiency. The bill passed by a vote of 14-14 and now move...
Read More
Per the Federal Deposit Insurance Corporation's (FDIC) First Quarter 2021 Quarterly Banking Profile, FDIC-insured commercial banks and savings institutions recorded a net income of $76.8 billion. T...
Read More
The U.S. Small Business Administration (SBA) has begun accepting applications for the Community Navigator Pilot Program, which targets the smallest socially and economically disadvantaged businesses. ...
Read More
U.S. Rep. Bryan Steil (R-WI) introduced a bill in the U.S. House of Representatives that would streamline reporting requirements for startups and emerging growth companies. The Helping Startups Con...
Read More
At a Senate Armed Services Committee, U.S. Sen. Roger Wicker (R-MA) urged a Defense Department official not to make certain cuts to the department’s budget. Wicker pressed Susanna Blume, the Bid...
Read More
A bipartisan group of senators recently launched the Senate Financial Innovation Caucus, promoting financial inclusion, technology, and consumer protection. U.S. Sens. Cynthia Lummis (R-WY), Kyrste...
Read More
U.S. Sens. Mike Crapo (R-ID) and Kevin Brady (R-TX) recently forwarded correspondence to Treasury Secretary Janet Yellen requesting a revised Medicare Hospital Insurance (HI) trust fund insolvency pro...
Read More
The Conference of State Bank Supervisors (CSBS) is looking for public input on proposed nationwide licensing requirements for money service businesses (MSB). “The goal of the proposal is a nati...
Read More
U.S. Rep. Ann Wagner (R-MO) introduced legislation in the U.S. House of Representatives that would require the Securities and Exchange Commission (SEC) to simplify quarterly financial reporting for SE...
Read More
U.S. Sens. Rob Portman (R-OH) and Ben Cardin (D-MD) recently introduced the Retirement Security & Savings Act, which would strengthen retirement security while addressing four major opportunities in t...
Read More
A group of lawmakers recently introduced legislation designed to repeal the national debt ceiling. U.S. Sens. Brian Schatz (D-HI), Michael Bennet (D-CO), Chris Van Hollen (D-MD), and U.S. Rep. Bill...
Read More
President Joe Biden signed an executive order that directs government agencies to analyze and take steps to mitigate the risk of climate change to the financial system. Biden’s Executive Order...
Read More
The U.S. Department of the Treasury issued a report last week designed to increase fairness in the tax system and address tax evasion. The measures are part of proposals made by President Joe Biden...
Read More
SIFMA has made some recommendations for the Securities and Exchange Commission (SEC) on its proposed framework to allow broker dealers to custody digital asset securities. In a comment letter fil...
Read More
The American Property Casualty Insurance Association (APCIA) is concerned with two Rhode Island bills that could increase consumer auto costs. The APCIA said the concern stems from H. 6324 and H. 6...
Read More
Senate Committee on Banking, Housing and Urban Affairs Chairman Sherrod Brown (D-OH) is encouraging the Office of the Comptroller of the Currency to review varied cryptocurrency bank charters. In c...
Read More
U.S. Reps. David Schweikert (R-AZ) and French Hill (R-AZ) introduced legislation Wednesday that would expand the ability of some Americans to invest in private offerings. The Fair Investment Oppor...
Read More
An amendment to the Endless Frontier Act designed to thwart potential trade cheating by China and other nations was introduced in the U.S. Senate. The amendment, the Combating Oppressive and Manipu...
Read More
Senate Finance Committee Republicans have introduced a bill they said is designed to prevent COVID-19 unemployment program fraud while also recovering fraudulently paid benefits. Lawmakers said the...
Read More