U.S. Sens. Todd Young (R-IN), Tammy Duckworth (D-IL), and Jim Risch (R-ID) introduced legislation in the Senate last week that would allow banks to invest up to 15 percent of their capital in Small Bu...
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On Thursday, U.S. Rep. Troy Balderson (R-OH) and U.S. Sen. Eric Schmitt (R-MO) introduced a resolution disapproving of the U.S. Treasury Department’s use of COVID recovery funds. Balderson and S...
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A House subcommittee held a hearing this week on what many called the lack of economic analysis in federal banking regulators proposed changes to bank capital requirements. The hearing by the Subc...
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The U.S. House of Representatives passed the Tax Relief for American Families and Workers Act this week by a margin of 357-70. The bipartisan bill, H.R. 7024, includes $600 billion of tax incentiv...
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On Wednesday, U.S. Sen. Bob Casey (D-PA) introduced legislation that would create savings accounts for every child in America. The legislation, the 401Kids Savings Act, would create a new children...
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U.S. Sens. Deb Fischer (R-NE) and Angus King (I-ME) are sponsoring a bill in the U.S. Senate that would make the Paid Family and Medical Leave (PFML) Employer Tax Credit permanent. Their bill, the ...
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On Monday, the Securities and Exchange Commission (SEC) announced charges against the founder and a promoter of HyperFund for their part in what the agency termed a $1.7 billion “crypto asset pyrami...
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The Office of the Comptroller of the Currency (OCC) is seeking feedback on a proposal to update its rules for business combinations involving national banks and federal savings associations. In ad...
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U.S. Reps. Sam Graves (R-MO) and Emanuel Cleaver (D-MO) called for an end to U.S. Postal Service price increases on stamps, last week. In response to the USPS’s fourth rate increase in the last ...
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U.S. Rep. Maxine Waters (D-CA) voiced her concern about five trademark applications by Meta Platform related to digital assets services and blockchain technology. Waters, the ranking member on the ...
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