FDIC withdrawals outstanding proposals
The Federal Deposit Insurance Corp.’s (FDIC) board of directors recently withdrew three outstanding proposed rules that had been published in the Federal Register. The first proposal was publishe...
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Rep. Hill, Sen. Scott urge Treasury Secretary to quickly fill Fed vacancy
U.S. Rep. French Hill (R-AR) and U.S. Senator Tim Scott (R-SC) are urging the Treasury Secretary to quickly fill the role of Vice Chair for Supervision of the Board of Governors of the Federal Reserve...
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SEC makes changes to enhance accommodations, support capital formation
The Securities and Exchange Commission (SEC) is enhancing the accommodations that are available to companies for nonpublic review of draft registration statements. In 2012, the JOBS Act permitted c...
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Congress members seek review of Consolidated Audit Trail
A group of nine Senate and House Republicans recently sent a letter to Mark Uyeda, Securities and Exchange Commission (SEC) acting chairman, asking for a comprehensive review of the Consolidated Audit...
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Financial trade coalition urges CISA to revise cyber reporting rule
A coalition of financial trade associations urged the Cybersecurity and Infrastructure Security Agency to revise proposed cyber incident reporting rules to implement the Cyber Incident Reporting for C...
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Legislation to benefit crypto currencies passes out of House committee
Legislation that would give Congressional disapproval of an IRS rule passed out of the House Ways and Means Committee last week. House Joint Resolution 25 would “provide for Congressional disapp...
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Bill improving tax credit eligibility after disasters passes House committee
U.S. Rep. Greg Murphy (R-NC) said his legislation extending the eligibility for tax refunds and credits for victims of disasters passed out of the House Ways and Means Committee. The legislation w...
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Congressmen voice concerns over corporate sustainability regulations in EU
U.S. Reps. French Hill (R-AR), Ann Wagner (R-MO), Andy Barr (R-KY), Tim Scott (R-SC), and Bill Hagerty (R-TN) voiced their concerns over the competitiveness of U.S. businesses should they be required ...
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CFPB processing 80 percent fewer complaints since Feb. 13
The minority staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs recently released a report on the Consumer Financial Protection Bureau (CFPB), revealing the number of consumer c...
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House passes bill to help veterans launch, grow small businesses
The U.S. House of Representatives passed a bill that seeks to help small business owners who are veterans grow their businesses. The Successful Entrepreneurship for Reservists and Veterans (SERV) A...
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