The U.S. Securities and Exchange Commission (SEC) approved a six-month extension of the compliance dates for “names rule.” The names rule, adopted in September 2023, addresses fund names likel...
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Bipartisan legislation was introduced in the U.S. House of Representatives last week that seeks to increase the amount of capital available to small businesses. The Investing in All of America Act ...
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U.S. Rep. Darin LaHood (R-IL) applauded the passage of the bipartisan Pandemic Unemployment Fraud Enforcement Act, which passed out of the House of Representatives by a vote of 295 to 127. This bi...
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The Independent Community Bankers of America (ICBA) is urging policymakers to end unwarranted federal tax subsidies for the nation’s largest credit unions. It follows a new policy initiative that...
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U.S. Sen. Cynthia Lummis (R-WY) introduced legislation to establish a strategic Bitcoin reserve to serve as an additional store of value to bolster the federal government’s balance sheet. Specifi...
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U.S. Reps. Alexandria Ocasio-Cortez (D-NY) and Anna Paulina Luna (R-FL) introduced a bill that would immediately cap credit card interest rates at 10 percent. The bill (H.R. 1944) states that the ...
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U.S. Rep. Scott Perry (R-PA) introduced bipartisan legislation to repeal the 45Q tax credit for carbon capture and sequestration. The 45Q Repeal Act (H.R. 1946) -- the carbon oxide sequestration cr...
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A bipartisan group of senators introduced an update to a bill that seeks to establish a clear regulatory framework for payment stablecoins. The bill is the Guiding and Establishing National Innovation...
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U.S. Rep. Ashley Hinson (R-IA) is sponsoring legislation that would establish a task force within the U.S. Department of Justice (DOJ) to combat China's trade crimes. IN addition, the bipartisan, ...
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U.S. Rep. French Hill (R-AR), chair of the House Financial Services Committee, is urging the acting chairman of the U.S. Securities and Exchange Commission (SEC) to remove hurdles put in by place by t...
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U.S. Sen. Tim Scott (R-SC) introduced legislation that would eliminate the ability for federal banking regulators to use reputational risk as a component of supervision. The Financial Integrity an...
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U.S. Rep. Tom Emmer (R-MN) introduced legislation that would prevent the Federal Reserve from issuing a central bank digital currency (CBDC). Specifically, the Anti-CBDC Surveillance State Act woul...
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The House Financial Services Committee reported 11 bills and resolutions to Congress this week after the committee held its first full committee markup session of this Congress. Among them was H.J....
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U.S. Sen. Joni Ernst introduced legislation this week that makes changes to the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The SBIR-STTR progr...
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U.S. Rep. Randy Feenstra (R-IA) introduced legislation that seeks to make loans more accessible and affordable, particularly for farmers and those in rural communities. The Access to Credit for our...
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A bipartisan group of lawmakers are sponsoring a bill that seeks to strengthen transparency and accuracy in improper payment reporting. The Improper Payments Transparency Act (H.R. 1771) would dire...
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U.S. Rep. French Hill (R-AR) and U.S. Senator Tim Scott (R-SC) are urging the Treasury Secretary to quickly fill the role of Vice Chair for Supervision of the Board of Governors of the Federal Reserve...
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The Securities and Exchange Commission (SEC) is enhancing the accommodations that are available to companies for nonpublic review of draft registration statements. In 2012, the JOBS Act permitted c...
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The U.S. House of Representatives passed a bill that seeks to help small business owners who are veterans grow their businesses. The Successful Entrepreneurship for Reservists and Veterans (SERV) A...
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Commercial banks and savings institutions generated $66.8 billion in net income in the fourth quarter, up 2.3 percent from the previous quarter. For the full year, the banking industry reported ne...
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