A bill recently introduced in the U.S. Senate would eliminate the tax code provision in the American Rescue Plan (ARP) that requires third-party payment platforms to report businesses’ gross transac...
Read More
Sen. Pat Toomey (R-PA) has requested the Government Accountability Office (GAO) examine Community Development Financial Institution (CDFI) funding initiatives. Officials indicated the request revol...
Read More
A group of U.S. Congress members expressed their support for and offered guidance on a proposed rule by the Financial Crimes Enforcement Network (FinCEN) that would implement sections of the Corporate...
Read More
U.S. Rep. Chellie Pingree (D-ME) has introduced a bill she said seeks to address unresolved issues in implementing the 2018 Farm Bill hemp provisions. Pingree said the Hemp Advancement Act of 2022 ...
Read More
Tokenized economy tax and accounting software provider TaxBit said it has formed a leadership team to head its government office, targeting mainstream digital asset adoption progression. Nathan Jon...
Read More
Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin Gruenberg laid out the agency’s priorities for 2022. “While there are many pressing issues the FDIC will have to address thi...
Read More
The U.S. Department of the Treasury has released findings from a study exploring illicit financing in the high-value art market, determining evidence of money laundering risk within the market. “...
Read More
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 ...
Read More
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...
Read More
It has been a remarkably smooth and successful ride for Michigan’s cannabis industry, and regulators hope to keep it that way as the growing network of suppliers and sellers face an inevitable perio...
Read More