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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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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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 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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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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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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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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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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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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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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The U.S. Securities and Exchange Commission (SEC) approved the Intercontinental Exchange’s application for registration as a security-based swap execution facility (SBSEF). What this means is th...
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U.S. Sen. Ron Wyden (D-OR) is seeking answers from Treasury Secretary Scott Bessent following a report that personnel associated with Elon Musk sought access to a Treasury Department payment system. ...
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A bipartisan group of senators introduced legislation last week to help small business owners integrate digital tools into their businesses. The Small Business Technological Advancement Act (S.305)...
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U.S. Sens. Mike Crapo (R-ID) and Ron Wyden (D-OR) released a discussion draft of a bill that seeks to make several changes to procedure and administration at the Internal Revenue Service (IRS). The...
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The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), have agreed to extend the compliance date for the amendments to Form PF. Form PF is the confidentia...
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U.S. Reps. Mike Turner (R-OH) and Mikie Sherrill introduced legislation that would reinstate the expired brownfields tax incentive. The Brownfields Redevelopment Tax Incentive Reauthorization Act (...
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The Securities and Exchange Commission (SEC) published its annual report on Nationally Recognized Statistical Rating Organizations (NRSROs), or credit rating agencies. The report, produced by the...
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