A bipartisan group of senators announced an agreement on an amendment to fix digital asset reporting requirements in the $1 trillion Infrastructure Investment and Jobs Act, which advanced the Senate T...
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Republican leaders in the House and Senate released an analysis by the bipartisan Congressional Joint Committee on Taxation (JCT) on the potential impact of a proposal to increase the corporate tax ra...
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Leading Republicans on the House Financial Services Committee and Energy and Commerce Committee sent a letter to House Speaker Nancy Pelosi (D-CA) urging her to find a permanent solution for American ...
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U.S. Sens. Ron Wyden (D-OR) and Sheldon Whitehouse (D-RI) introduced a bill to close the carried interest loophole often used by hedge fund managers. The lawmakers described the carried interest l...
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The Credit Union National Administration (CUNA) expressed its support for the continuing development of the Federal Reserve’s FedNow service, a real-time payments network. The statement of suppo...
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A group of Congress members recently urged President Joe Biden to reverse his plan to cap like-kind exchanges, a policy they say would increase taxes for business owners, particularly small businesses...
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The Consumer Bankers Association (CBA) cautioned members of the U.S. Senate not to change bankruptcy treatment for student loans. In a letter to the leaders of the Senate Judiciary Committee, CBA P...
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Legislation introduced in the U.S. House of Representatives this week seeks to require the Securities and Exchange Commission (SEC) to revise its rules on the issuance of certain annuity products. ...
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If passed, new legislation from United States Reps. Blaine Luetkemeyer (R-MO) and Kathy Castor (D-FL) would block the Federal Emergency Management Agency (FEMA) from preventing flood insurance choice ...
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The Independent Community Bankers of America (ICBA) has joined other business groups in opposing a Treasury Department proposal requiring financial institutions to report customer bank account informa...
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