A bill was introduced in Congress last week that seeks to increase the supply of affordable housing for middle-income families. Sponsored by U.S. Sen. Ron Wyden (D-OR), the Workforce Housing Tax Cr...
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U.S. Sen. Dick Durbin (D-IL) sponsored legislation on Tuesday that would introduce a student loan borrower’s “Bill of Rights.” The Student Loan Borrowers Bill of Rights Act, S. 3404, would prov...
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The RSM US Middle Market Business Index (MMBI) jumped in the most recent quarter, reflecting growth for mid-sized companies and businesses. The index, produced by RSM and the U.S. Chamber of Commerce...
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U.S. Rep. Tom Emmer (R-MN) introduced bipartisan legislation that seeks, among other things, to encourage more Initial Public Offerings (IPOs). The Main Street Growth Act, H.R. 6623, is designed to i...
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On Tuesday, U.S. Reps. Larry Bucshon, M.D. (R-IN) and Lisa Blunt Rochester (D-DE) announced they had introduced legislation that would ensure America can remain competitive with emerging technologies ...
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U.S. Rep. Adam Smith (D-WA) and U.S. Sen. Jeff Merkley (D-OR) introduced a bicameral bill that seeks to prevent hedge funds from buying up residential real estate. The End Hedge Fund Control of Am...
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U.S. Sens. Angus King (I-ME), Sheldon Whitehouse (D-RI), and Bill Cassidy, M.D. (R-LA) have introduced a bill in the U.S. Senate that would combat cross-border money laundering. The Combating Cros...
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U.S. Rep. John Moolenaar (R-MI) introduced bipartisan legislation this week that would provide rural households with a tax credit toward their internet access. The legislation, the Broadening Online ...
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The Commodity Futures Trading Commission (CFRC) approved guidance on the listing for trading of voluntary carbon credit derivative contracts. The proposed guidance outlines certain factors a CFTC-reg...
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The Association of International Certified Professional Accountants (AICPA) has developed criteria to help increase transparency around stablecoins. Stablecoins have gained prominence for their role ...
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The U.S. Department of the Treasury and Internal Revenue Service (IRS) on Dec. 1 released guidance for the clean vehicle provisions of the Inflation Reduction Act (IRA). The guidance seeks to provide...
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The U.S. House of Representatives on Dec. 1 passed a resolution to stop the Consumer Financial Protection Bureau (CFPB) from enforcing its data collection rule. The resolution now moves to the preside...
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Americans had $232 billion in outstanding unsecured personal loans in the second quarter of 2023, according to the Federal Reserve Bank of New York's Community Development team. Looking at data from ...
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U.S. Sens. Sherrod Brown (D-OH) and Jack Reed (D-RI) are urging financial regulators to assess the potential risks posed by the growing private credit market. In a letter to leaders at the Federal...
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U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) are among a group of senators calling on President Joe Biden to reverse a decision by the U.S. Trade Representative (USTR) to withdraw support for com...
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The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced Thursday it had extended the deadline for certain companies to file initial beneficial ownership information (B...
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Net income for the nation’s banks fell 3.4 percent to $68.4 billion in the third quarter, according to the Federal Deposit Insurance Corporation’s (FDIC) Quarterly Banking Profile. The report ...
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U.S. Sen. Katie Britt (R-AL) is among a group of senators who introduced a bill that would limit the authority of the Federal Insurance Office (FIO). Britt's bill, the Insurance Data Protection Ac...
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On Wednesday, legislation aimed at preventing billionaires from escaping their fair share of taxes was introduced into Congress. U.S. Reps. Steve Cohen (D-Tenn.) and Don Beyer (D-Va.) announced We...
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