A couple of bills sponsored by U.S. Rep. Bryan Steil (R-WI) were approved by the House Financial Services Committee last week. Both pieces of legislation seek to help startups. The first bill, H.R....
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U.S. Sen. Tim Scott (R-SC) released a discussion draft of a bill he authored that seeks to reform the U.S. housing market. The discussion draft of his bill – the Renewing Opportunity in the Ameri...
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The U.S. Treasury Department issued the 2023 De-risking Strategy, which examines how financial institutions are de-risking and why. De-risking occurs when financial institutions terminate or restr...
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U.S. Rep. Abigail Spanberger (D-VA) is urging the U.S. House Committee on House Administration to hold a hearing on efforts to ban Members of Congress and their families from trading individual stocks...
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This week, the Financial Stability Oversight Council (FSOC) issued a proposed analytic framework for financial stability risks. The new framework, which is now open to public comment, is designed...
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U.S. Rep. Bob Latta (R-OH) is among a group of Republican lawmakers who introduced legislation that would expand access to health savings accounts (HSAs). HSAs permit individuals to make tax-free c...
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Congressional lawmakers are seeking answers from the Consumer Financial Protection Bureau on a data breach involving personal account information. The data breach, first reported by the Wall Street...
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In its semiannual update on the restoration plan for its Deposit Insurance Fund (DIF), the Federal Deposit Insurance Corporation (FDIC) cited the impact of the recent bank failures. The FDIC esti...
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U.S. Rep. Earl Blumenauer (D-OR) introduced legislation this week that would allow legal marijuana businesses to take tax deductions like any other legal business. His bill, the Small Business Ta...
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A bill introduced by a group of House lawmakers, including U.S. Rep. Andrew Garbarino (R-NY), would allow taxpayers to fully deduct their state and local taxes on their federal income returns. The...
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