On Tuesday, U.S. Sen. Bill Cassidy, M.D. (R-LA) introduced legislation to improve transparency in union elections. Cassidy, the ranking member of the Senate Health, Education, Labor and Pensions C...
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Applications for the federal Low-Income Communities Bonus Credit Program will soon be accepting applications for the 2024 program year, the U.S. Department of the Treasury and the Internal Revenue Ser...
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The House Committee on Rules will consider a bill that seeks to provide regulatory clarity for digital assets. Specifically, the rules committee will consider the Financial Innovation and Technolog...
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The Federal Reserve Board issued a report last week that details the Climate Scenario Analysis (CSA) exercise that it conducted with six of the nation's largest banks. The report describes how thes...
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Financial firms and organizations, including the Securities Industry and Financial Markets Association SIFMA) announced a Regulated Settlement Network (RSN) proof-of-concept (PoC) to explore the feasi...
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The Federal Deposit Insurance Corporation (FDIC) released a report this week reviewing the working place culture at the FDIC and allegations of harassment. The review, done by Cleary Gottlieb, an i...
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A new rule has been proposed by federal regulators that addresses incentive-based compensation arrangements for large financial institutions. Section 956 of the Dodd-Frank Wall Street Reform and Co...
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U.S. Sens. Ron Wyden (D-OR) and Mike Crapo (R-ID) introduced a draft legislative proposal to address shortages of generic medicines, including chemotherapy drugs and ADHD medications. The proposal ...
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The U.S. Senate passed a bill last week that would stop the Internal Revenue Service (IRS) from imposing fines and penalties on American hostages and wrongful detainees for late tax payments while the...
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A new report from the Consumer Financial Protection Bureau (CFPB) details the complex costs and fees in health savings accounts. A health savings account is a tax-advantaged account that generally...
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