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Tuesday, May 13th, 2025

Home » Regulation » Federal » Page 217

Federal

House passes the COMPETES Act to strengthen U.S. competitiveness

By Dave Kovaleski   |   February 8, 2022   |   Federal

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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Sens. Warner, Brown advocate SEC updates on human capital disclosure

By Douglas Clark   |   February 8, 2022   |   Federal

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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Sens. Scott, Hassan introduce bill to help community banks

By Dave Kovaleski   |   February 7, 2022   |   Federal

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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Federal Reserve Bank of Boston, MIT research examines central bank digital currency

By Douglas Clark   |   February 7, 2022   |   Digital Currency

The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) recently released findings from research examining central bank digital currency (CBDC). The Project Hamilton...

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SCORE for Small Business Act advances out of House Small Business Committee

By Dave Kovaleski   |   February 7, 2022   |   Featured

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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U.S. House advances Rep. Perlmutter’s cannabis banking reform amendment

By Kim Riley   |   February 4, 2022   |   Cannabis Banking

A popular cannabis banking reform amendment offered by U.S. Rep. Ed Perlmutter (D-CO) that would provide protections to financial institutions serving legal cannabis-based businesses on Friday receive...

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GOP members of Senate Finance Committee urge colleagues to reconsider book minimum tax proposal

By Dave Kovaleski   |   February 4, 2022   |   Federal

Republican members of the Senate Finance Committee are urging their senate colleague to reconsider efforts to implement a tax on financial statement income of U.S. companies. This minimum book inco...

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Rep. Strickland, colleagues advocate for consideration of MORE Act

By Douglas Clark   |   February 4, 2022   |   Cannabis Banking

U.S. Rep. Marilyn Strickland (D-WA) recently joined 10 colleagues in forwarding correspondence to Congressional leadership as a means of advocating Marijuana Opportunity Reinvestment and Expungement (...

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Sen. Kennedy urges Treasury to speed up process of returning unredeemed savings bonds

By Dave Kovaleski   |   February 4, 2022   |   Featured

U.S. Sen. John Kennedy (R-LA) is asking the Treasury Department to accelerate the process of returning some $26 billion in unredeemed savings bonds to Americans. Kennedy said the Treasury Departme...

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SEC levies charges against firm that allegedly sought to defraud retirees

By Dave Kovaleski   |   February 3, 2022   |   Federal

The Securities and Exchange Commission (SEC) filed charges against a company and its owner for an alleged multimillion-dollar scheme to defraud investors into buying gold and silver coins. The char...

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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
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