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Wednesday, May 14th, 2025

Home » Regulation » Page 241

Regulation

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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Connecticut accepting adult-use cannabis licenses

By Liz Carey   |   February 4, 2022   |   Cannabis Banking

The Connecticut Department of Consumer Protection announced Wednesday it has begun accepting applications for certain adult-use cannabis licenses. The applications for Lottery applications for adul...

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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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Leaders of Senate Finance Committee call on Biden to address digital trade laws

By Dave Kovaleski   |   February 3, 2022   |   Digital Currency

The leaders of the Senate Finance Committee, Chair Ron Wyden (D-OR) and Ranking Member Mike Crapo (R-ID), are calling on the Biden administration to work with the European Union to revise certain aspe...

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PCAOB launches two new committees, seeks nominations to serve on them

By Dave Kovaleski   |   February 2, 2022   |   Federal

The Public Company Accounting Oversight Board (PCAOB) has launched two new advisory groups — the Investor Advisory Group (IAG) and the Standards and Emerging Issues Advisory Group (SEIAG). The a...

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SEC releases annual report on Nationally Recognized Statistical Rating Organizations

By Dave Kovaleski   |   February 2, 2022   |   Featured

The U.S. Securities and Exchange Commission (SEC) issued its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs) this week. The report provides a summary of the S...

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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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  • Legislation would help small businesses bring new technologies to market
  • Bipartisan bill would help GSE’s develop low-income housing
  • Reps. Smucker, Davids introduce bill to reduce student loan burden
  • Credit Suisse hit with $510M fine for IRS violations
  • Trump signs into law resolution overturning overdraft cap rule

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