U.S. Rep. Andrew Garbarino (R-NY) introduced a resolution in the House this week to overturn the Securities and Exchange Commission’s (SEC) cyber disclosure rule. The SEC adopted the Cybersecuri...
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A bipartisan group of Congress members are asking Biden Administration officials to inquire into the size, scope, and duration of Hamas’s crypto fundraising efforts. “Open, transparent blockch...
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U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) introduced a bill that seeks to help farmers better navigate trade barriers to sell more fruits, vegetables, and crops. The Specialty Crops Reporti...
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The House Financial Services Committee passed several bills following the attack on Israel by Hamas terrorists. The committee approved legislation to penalize Hamas and Iran for their role in perpe...
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Republicans on the U.S. Senate Finance Committee are calling on the Internal Revenue Service (IRS) to explain steps it is taking to address potential security weaknesses at the agency. “Preventin...
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A group of 38 Republican senators, led by Sen. Tim Scott (R-SC), is urging federal financial regulators to withdraw the revised Basel III proposal. Basel III is an internationally agreed set of mea...
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U.S. Sens. Bob Casey (D-PA) and Rick Scott (R-FL) introduced that seeks to provide transparency into investments made by American hedge funds and private equity firms in countries of concern like Chin...
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Several groups are pushing the U.S. Senate to pass a bill that seeks to overhaul the Small Business Administration’s (SBA) Service Corps of Retired Executives (SCORE) program. The SCORE Act (S. 1...
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U.S. Sens. Todd Young (R-IN), Mitt Romney (R-UT), and Joe Manchin (D-WV) are among a bipartisan group of Senators who introduced a bill that would create a bicameral commission tasked with stabilizing...
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The U.S. Senate Finance Committee approved a bill that seeks to expand access to healthcare and lower drug costs. The Better Mental Health Care, Lower Drug Cost, and Extenders Act would do four mai...
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The Securities Industry and Financial Markets Association (SIFMA) is among 17 trade associations that are requesting an extension of the 60-day comment period for the Department of Labor’s (DOL’s)...
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The Consumer Financial Protection Bureau (CFPB) has proposed a rule that would enable it to supervise larger nonbank companies that offer services like digital wallets and payment apps. While digi...
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The U.S. Department of the Treasury and Internal Revenue Service (IRS) provided more details this week on the improvements taxpayers will experience in the upcoming tax filing season. For starters,...
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The November 2023 ICE Mortgage Monitor Report, produced by the Intercontinental Exchange, found that October was another challenging month for homebuyers. The major factor is interest rates, as the...
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The federal Inter-Agency Working Group on Treasury Market Surveillance (IAWG) issued a progress report on the steps its members have made to enhance the resilience of the U.S. Treasury market. Amo...
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The Financial Stability Oversight Council (FSOC) approved a new analytic framework for financial stability risks and updated guidance on its nonbank financial company determinations process. The ...
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The U.S. Commodity Futures Trading Commission (CFTC) issued a proposed rule this week that governs investments by futures commission merchants (FCMs) and derivatives clearing organizations. The new...
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Two leading organizations representing credit unions are merging to form a new association called America’s Credit Unions. America’s Credit Unions, which will officially launch on Jan. 1, 2024,...
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The Securities and Exchange Commission (SEC) adopted Regulation SE to create rules for the registration and regulation of security-based swap execution facilities (SBSEFs). The new regulatory fram...
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U.S. Sen. Tim Scott (R-SC) introduced a legislative proposal designed to open up capital markets and generate economic growth. The Empowering Main Street in America Act seeks to help entrepreneurs...
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