A House subcommittee held a hearing this week on what many called the lack of economic analysis in federal banking regulators proposed changes to bank capital requirements. The hearing by the Subc...
Read More
The U.S. House of Representatives passed the Tax Relief for American Families and Workers Act this week by a margin of 357-70. The bipartisan bill, H.R. 7024, includes $600 billion of tax incentiv...
Read More
On Wednesday, U.S. Sen. Bob Casey (D-PA) introduced legislation that would create savings accounts for every child in America. The legislation, the 401Kids Savings Act, would create a new children...
Read More
U.S. Sens. Deb Fischer (R-NE) and Angus King (I-ME) are sponsoring a bill in the U.S. Senate that would make the Paid Family and Medical Leave (PFML) Employer Tax Credit permanent. Their bill, the ...
Read More
The Office of the Comptroller of the Currency (OCC) is seeking feedback on a proposal to update its rules for business combinations involving national banks and federal savings associations. In ad...
Read More
The Federal Reserve Board’s proposal to cap debit interchange fees could increase consumer costs by up to $2 billion, according to a new white paper. The paper, called How Proposed Interchange Fe...
Read More
U.S. Reps. Sam Graves (R-MO) and Emanuel Cleaver (D-MO) called for an end to U.S. Postal Service price increases on stamps, last week. In response to the USPS’s fourth rate increase in the last ...
Read More
According to a new survey from RSM US LLP, in conjunction with the U.S. Chamber of Commerce, two thirds of middle market companies expect to increase hiring levels this year, a record high since 2015....
Read More
The Commodity Futures Trading Commission (CFTC) issued a request for comment last week for information on the current and potential uses and risks of artificial intelligence (AI) in the derivatives ma...
Read More
U.S. Rep. Brad Sherman (D-CA) released a draft of legislation that would exclude investments in China, Russia, Belarus, and Iran from eligibility for lower capital gains tax rates. Sherman’s No ...
Read More