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Thursday, May 15th, 2025

Home » Regulation » Federal » Page 199

Federal

CUNA urges Congress to set aside $50M for USAID Cooperative Development Program

By Dave Kovaleski   |   May 17, 2022   |   Featured

The Credit Union National Association (CUNA) is urging Congress to allocate $50 million in funding for the U.S. Agency for International Development’s (USAID) Cooperative Development Program (CDP) f...

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Senators introduce bill to deny tax credits to companies paying Russian taxes

By Dave Kovaleski   |   May 16, 2022   |   Featured

U.S. Sens. Ron Wyden (D-OR) and Rob Portman (R-OH) introduced legislation that would disallow Foreign Tax Credits for companies that pay taxes to the Russian government. The Support Ukraine Throug...

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Measure address federal government’s prioritization of inflation

By Douglas Clark   |   May 16, 2022   |   Federal

U.S. Reps. Young Kim (R-CA) and Michael Waltz (R-FL) recently introduced the Combatting Painful Inflation (CPI) Act, which seeks to ensure the federal government is prioritizing addressing inflation. ...

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House committee advances legislation seeking to strengthen small business contracting advances

By Douglas Clark   |   May 16, 2022   |   Federal

U.S. Reps. Pete Stauber (R-MN) and Kweisi Mfume (D-MD) extended gratitude to the House of Representatives Small Business Committee for recently advancing their legislation, the Strengthening Subcontra...

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Senators urge Congressional leaders to pass SAFE Banking Act for legal cannabis businesses

By Dave Kovaleski   |   May 13, 2022   |   Cannabis Banking

A bipartisan group of U.S. Senators is urging their Congressional leaders to include the Secure and Fair Enforcement (SAFE) Banking Act in the final version of legislation currently being negotiated b...

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Bipartisan senators advocating expedited CTA implementation

By Douglas Clark   |   May 13, 2022   |   Federal

A bipartisan group of lawmakers recently forwarded correspondence encouraging the Treasury Department to implement the Corporate Transparency Act (CTA) to aid the federal government in imposing Russia...

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Senate Republicans seeking more clarity on IRS proposal to expand ACA tax credit

By Dave Kovaleski   |   May 13, 2022   |   Featured

A group of Senate Republicans is seeking greater clarity on a proposal by the Internal Revenue Service (IRS) to expand the Affordable Care Act’s premium tax credit (PTC). In the Affordable Care A...

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House Financial Services Committee touts advancement of nine bipartisan bills

By Douglas Clark   |   May 13, 2022   |   Federal

House Financial Service Committee Chair Maxine Waters recently announced the House of Representatives' advancement of nine bipartisan measures. The Fair Hiring in Banking Act (H.R. 5911) bill would...

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Senators urge Treasury to implement Corporate Transparency Act

By Dave Kovaleski   |   May 12, 2022   |   Federal

A bipartisan group of senators is calling on the U.S. Treasury Department to swiftly implement the Corporate Transparency Act (CTA), which upgrades the country’s anti-money laundering laws and impos...

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Associations support SEC cyber incident disclosure plan

By Douglas Clark   |   May 12, 2022   |   Federal

A group of financial services industry associations expressed their support of a Securities and Exchange Commission (SEC) proposal implementing requirements for financial institutions to disclose mate...

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Cannabis Banking

  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses
  • Senators push for legal cannabis businesses to have SBA access
  • Delaware to consider bill protecting financial businesses serving legal marijuana industry

Digital Currency

  • House Republican leaders draft of bill to establish U.S. digital asset framework
  • Sen. Thune to expedite vote on GENIUS Act stablecoins bill
  • Federal Reserve Board withdraws crypto-asset bank guidance
  • PGI Global founder charged in crypto fraud scheme
  • SEC Crypto Task Force to hold crypto custody roundtable

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