The U.S. Securities and Exchange Commission (SEC) recently proposed rule changes as a means of reducing risks in the clearance and settlement of securities. “These proposed amendments to the secu...
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A bill recently introduced in the U.S. Senate would eliminate the tax code provision in the American Rescue Plan (ARP) that requires third-party payment platforms to report businesses’ gross transac...
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Sen. Pat Toomey (R-PA) has requested the Government Accountability Office (GAO) examine Community Development Financial Institution (CDFI) funding initiatives. Officials indicated the request revol...
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A group of U.S. Congress members expressed their support for and offered guidance on a proposed rule by the Financial Crimes Enforcement Network (FinCEN) that would implement sections of the Corporate...
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Tokenized economy tax and accounting software provider TaxBit said it has formed a leadership team to head its government office, targeting mainstream digital asset adoption progression. Nathan Jon...
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Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin Gruenberg laid out the agency’s priorities for 2022. “While there are many pressing issues the FDIC will have to address thi...
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The U.S. House of Representatives passed the Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022, which includes several bills designed to ...
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U.S. Sens. Mark R. Warner (D-VA) and Sherrod Brown (D-OH) recently forwarded correspondence to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler as a means of encouraging human capit...
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U.S. Sens. Tim Scott (R-SC) and Maggie Hassan (D-NH) introduced a bill designed to help community banks better meet the credit needs of their customers. Specifically, the Minority Deposit Instituti...
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A bill that would reauthorize the Small Business Administration’s SCORE Program was passed by the House Small Business Committee last week. The SCORE for Small Business Act of 2022 (H.R. 6450) n...
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