U.S. Reps. Adrian Smith (R-NE) and Michelle Steel (R-CA) introduced this week legislation that seeks to defund the Biden Administration’s plan to hire 87,000 new Internal Revenue Service (IRS) agent...
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U.S. Reps. Darin LaHood (R-IL) and Kevin Brady (R-TX) are urging the State of Illinois to pay back federal unemployment trust fund loans taken out during the pandemic. “Illinois is among only fo...
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According to the Conference of State Bank Supervisors (CSBS) Community Bank Sentiment Index (CBSI), community bankers nationwide maintained a pessimistic view of the economy, but the third quarter ou...
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U.S. Rep. Patrick McHenry (R-NC), ranking member on the House Financial Services Committee, is among a group of Republicans asking U.S. Attorney General Merrick Garland to assess whether legislation i...
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Findings from a recent Nationwide Agency Forward survey maintains that domestic consumers say the present state of the economy could negatively impact their finances and mental health. Edelman Data...
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California's Governor’s Office of Business and Economic Development (GO-Biz) is accepting applications for its Cannabis Equity Grants Program for Local Jurisdictions. The initiative seeks to adva...
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U.S. Rep. Frank Lucas (R-OK) proposed a bill on Sept. 29 that would exclude agriculture from the U.S. Securities and Exchange Commission’s (SEC) climate disclosure rule. The SEC's proposed climate ...
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The Financial Stability Oversight Council (FSOC) established the Climate-related Financial Risk Advisory Committee (CFRAC) this week and appointed a slate of committee members to serve on it. The CFR...
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The Financial Stability Oversight Council (FSOC) released a new report this week on the financial stability risks of digital assets and recommended legislative fixes. The report -- which stemmed w...
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U.S. Reps. Doug LaMalfa (R-CA) and Scott Peters (D-CA) recently introduced legislation to combat using banned pesticides on illegal cannabis cultivation sites on public land while also targeting illeg...
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U.S. Sen. Marco Rubio (R-FL) is touting the benefits of the Senate advancing a pair of measures he authored, noting they seek to protect the nation's small businesses from cyber crimes. The SBA Cyb...
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U.S. Sens. Sheldon Whitehouse (D-RI) and Roger Wicker (R-MS) have introduced a bill to combat the ability of kleptocrats and criminals to hide their ill-gotten gains and commit financial crimes in the...
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U.S. Sens. Jerry Moran (R-KS) and Mark Warner (D-VA) are espousing the benefits of their bill amending the Internal Revenue Code to prohibit broadband grants taxation. The Broadband Grant Tax Treat...
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U.S. Sen. Mike Rounds (R-SD) introduced a bill that would amend the type of information that public companies must disclose. The bill -- Mandatory Materiality Requirement Act (S.5005) - would amen...
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Kentucky Gov. Andy Beshear said state residents favor legalizing medical cannabis, according to feedback from the governor’s Medical Cannabis Advisory Committee. “Polling suggests 90 percent of...
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The American Trade Association for Cannabis and Hemp (ATACH) and the U.S. Food and Drug Administration (FDA) recently conducted a listening session focused on unregulated intoxicating hemp product reg...
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A group of lawmakers recently forwarded correspondence to Treasury Secretary Janet Yellen, supporting the agency's vigorous implementation of the 15 percent corporate minimum tax (CMT). U.S. Sens. ...
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The Federal Reserve Board has outlined the initial steps of a pilot climate scenario analysis exercise involving six of the nation's largest banks. Bank of America, Citigroup, Goldman Sachs, JPMorg...
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The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule establishing a beneficial ownership information reporting requirement. The rule, pursuant to the Corporate Tr...
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A recent article published by the Tax Policy Center looks at the various types of tax systems that states and local governments use on cannabis sales. In the piece, called “Cannabis Tax Revenu...
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