U.S. Rep. Claudia Tenney (R-NY) introduced legislation that would make the New Markets Tax Credit (NMTC) permanent. The New Markets Tax Credit Extension (NMTC) Act, H.R. 1103, would make the NMTC per...

The Securities and Exchange Commission (SEC) has made an exemption to the requirement for the Consolidated Audit Trail (CAT). Specifically, it is exempting the requirement to report certain personall...

A coalition of nearly 80 members of the U.S. House of Representatives introduced legislation on Feb. 7 that would restore FAFSA exemptions for families of farmers and small business owners. The legis...

The U.S. Department of the Treasury appointed Rodney Hood as Acting Comptroller of the Currency, effective Feb. 10. Hood succeeds Acting Comptroller Michael Hsu, who had served in the role since May ...

U.S. Sen. Joni Ernst (R-IA) introduced legislation on Feb. 10 that would require federal agencies to demonstrate that new regulations comply with existing laws, while considering the costs they put on...

Legislation aimed at enhancing investment options for 403(b) retirement plans was reintroduced in the Senate this week. Put forward by U.S. Sens. Katie Britt (R-AL), Raphael Warnock (D-GA), Dr. Bi...

Bipartisan legislation recently introduced in the U.S. Senate would help improve the processing of Internal Revenue Service (IRS). The Barcode Automation for Revenue Collection to Organize Disburse...