U.S. Reps. Guy Reschenthaler (R-PA) and Dina Titus (D-NV) introduced legislation that would repeal the 0.25 percent excise tax placed on all legal sports bets, known as the “handle tax.” “The...
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U.S. Sens. Elizabeth Warren (D-MA) and Adam Schiff (D-CA) have demanded that Elon Musk’s Department of Government Efficiency be removed from the Consumer Financial Protection Bureau, citing Musk’s...
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The sum total of all net foreign acquisitions of all long-term securities, short-term securities and banking flows for December 2024 was a net $87.1 billion, a report released by the U.S. Department o...
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Illinois-based National Van Lines’ affiliate program recently became part of the Mortgage Bankers Association’s (MBA) Member Advantage Program. Members now can earn commissions through the Nat...
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A group of senate Democrats, led by Senate Finance Committee Ranking Member Ron Wyden (D-OR) are warning the Trump administration officials that staffing reductions at the Internal Revenue Service (IR...
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Last year was a record year for trading volume for corporate bonds, municipal bonds and agencies trading on ICE Bonds, according to the Intercontinental Exchange. Specifically, trading on ICE Bonds...
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The Commodity Futures Trading Commission (CFTC) announced Brian Young will serve as the agency’s Director of Enforcement. Acting CFTC Chairman Caroline Pham announced Young had been serving in a...
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U.S. Sens. Elizabeth Warren (D-MA) and Rick Scott (R-FL) expressed their concerns to Federal Reserve Board Chair Jerome Powell over what they see as a lack of accountability for Federal Reserve offici...
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A group of financial associations, including the Bank Policy Institute, applauded Congressional leaders for recent resolutions calling for the Consumer Financial Protection Bureau’s (CFPB) overdraft...
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The Securities and Exchange Commission (SEC) will host its 44th annual Government-Business Forum on Small Business Capital Formation on April 10 at its headquarters in Washington, D.C. “The annu...
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U.S. Senate Majority Leader John Thune (R-SD) was among 45 senators who introduced a bill on Feb. 13 that would repeal the federal estate tax. The Death Tax Repeal Act, S. 587, would end that estate ...
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A new bipartisan bill holding China and other bad actors accountable for unfair trade practices has been introduced again in Congress. U.S. Rep. Mike Bost (R-IL) reintroduced H.R. 1284, the Fighting ...
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The U.S. House Ways and Means Committee advanced bipartisan legislation on Feb. 12 that would simplify tax filing and payment. The Electronic Filing and Payment Fairness Act, H.R. 1152, would apply t...
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California Insurance Commissioner Ricardo Lara said on Feb. 13 that more than $6.9 billion has been paid to survivors of the state’s devastating wildfires that hit the Los Angeles area last month. ...
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The U.S. District Court for the District of Massachusetts recently ordered Randall Crater, a Florida resident, to pay more than $7.6 million in restitution to victims defrauded in a digital asset frau...
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The New York Stock Exchange is launching a new exchange, NYSE Texas. NYSE Texas is a fully electronic equities exchange that will be based in Dallas. Pending approvals, NYSE Chicago will reincorporat...
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U.S. Sen. Tim Scott (R-SC) introduced legislation that would extend the filing deadline for businesses to report beneficial ownership information (BOI). The Corporate Transparency Act established ne...
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Legislation aimed at eliminating a tax loophole that benefits the wealthy was introduced by two House Democrats on Feb. 6. U.S. Reps. Marie Gluesenkamp Perez (D-WA) and Don Beyer (D-VA) introduced th...
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The U.S. Senate Committee on Small Business and Entrepreneurship approved a bill on Feb. 10 that would extend the life of the watchdog group tasked with tracking down criminals who stole COVID relief ...
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Legislation recently reintroduced in the U.S. House of Representatives would help connect disadvantaged people to jobs. The Improve and Enhance the Work Opportunity Tax Credit Act, H.R. 1177, would u...
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