U.S. Reps. Greg Steube (R-FL) and Kat Cammack (R-FL) introduced legislation in the U.S. House of Representatives on Feb. 10 that seeks to expand access to Health Savings Accounts (HSAs). The Affordab...
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U.S. Rep. Claudia Tenney (R-NY) introduced legislation that would make the New Markets Tax Credit (NMTC) permanent. The New Markets Tax Credit Extension (NMTC) Act, H.R. 1103, would make the NMTC per...
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The U.S. House of Representatives on Feb. 10 voted to pass bipartisan legislation that would update the requirements for federal credit union board meetings. H.R. 975, the Credit Union Board Moderniz...
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The Securities and Exchange Commission (SEC) has made an exemption to the requirement for the Consolidated Audit Trail (CAT). Specifically, it is exempting the requirement to report certain personall...
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U.S. Rep. Darin LaHood (R-IL) on Feb. 6 introduced a bipartisan bill designed to simplify the tax filing and payment processes for families and small businesses. The Tax Administration Simplification...
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A coalition of nearly 80 members of the U.S. House of Representatives introduced legislation on Feb. 7 that would restore FAFSA exemptions for families of farmers and small business owners. The legis...
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The U.S. Department of the Treasury appointed Rodney Hood as Acting Comptroller of the Currency, effective Feb. 10. Hood succeeds Acting Comptroller Michael Hsu, who had served in the role since May ...
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The battle over the future of U.S. Steel escalated on Monday as activist investor Ancora Holdings Group LLC called for a major leadership shake-up following the collapse of the company’s proposed $1...
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U.S. Sen. Joni Ernst (R-IA) introduced legislation on Feb. 10 that would require federal agencies to demonstrate that new regulations comply with existing laws, while considering the costs they put on...
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A group of Republican senators, led by U.S. Sens. John Curtis (R-UT) and Kevin Cramer (R-ND), introduced legislation that seeks to prevent large banks from denying fair access to financial services to...
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Legislation aimed at enhancing investment options for 403(b) retirement plans was reintroduced in the Senate this week. Put forward by U.S. Sens. Katie Britt (R-AL), Raphael Warnock (D-GA), Dr. Bi...
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U.S. Reps. French Hill (R-AR) and Bryan Steil (R-WI) released a discussion draft of a bill to establish a framework for the issuance of dollar-denominated payment stablecoins in the United States. ...
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Bipartisan legislation recently introduced in the U.S. Senate would help improve the processing of Internal Revenue Service (IRS). The Barcode Automation for Revenue Collection to Organize Disburse...
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The Federal Reserve Board released the hypothetical scenarios that will be used for its annual bank stress test. The stress test is designed to ensure that large banks can lend to households and bu...
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A resolution recently introduced in the U.S. House of Representatives expresses support for blockchain technology and digital assets. The resolution affirms that the United States should prioritize...
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Legislation introduced by U.S. Sen. Mike Rounds (R-SD) would ease regulatory requirements on smaller banks and credit unions. The Taking Account of Institutions with Low Operation Risk (TAILOR) Ac...
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The Federal Deposit Insurance Corporation (FDIC) released 175 documents related to its supervision of banks involved in crypto-related activities. Acting FDIC Chairman Travis Hill directed staff to...
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ACNB Corp., the parent financial holding company of Pennsylvania-based ACNB Bank, completed its acquisition of Pennsylvania-based Traditions Bancorp and its wholly-owned subsidiary, Traditions Bank, o...
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U.S. Sens. Tim Scott (R-SC) and Bernie Moreno (R-OH) introduced legislation that would allow the president to place economic sanctions on foreign entities facilitating illegal immigration into the Uni...
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The American Property Casualty Insurance Association (APCIA) outlined some of the impacts of President Donald Trumps proposal to increase tariffs on trade partners. On Tuesday, a 10 percent additio...
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