The race to remake portions of the Internal Revenue Code (Code) and to prevent expiration of certain Tax Cuts and Jobs Act (TCJA) provisions has begun, with House Ways & Means Committee proposals (the Markup) to spend...more
5/15/2025
/ Base Erosion and Anti-Abuse Tax (BEAT) ,
Corporate Taxes ,
Employee Benefits ,
Executive Compensation ,
Federal Budget ,
Foreign Derived Intangible Income (FDII) ,
GILTI tax ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Proposed Legislation ,
Renewable Energy ,
SALT ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Exempt Entities ,
Tax Legislation ,
Tax Reform
This week, the U.S. Senate Commerce, Science and Transportation Committee approved a slew of bipartisan bills, including the Kids Off Social Media Act (KOSMA). The bill was introduced by Chairman Ted Cruz, R-Texas, along with...more
2/7/2025
/ Algorithms ,
COPPA ,
Data Privacy ,
Data Protection ,
Federal Trade Commission (FTC) ,
Online Safety for Children ,
Privacy Acts ,
Privacy Laws ,
Proposed Legislation ,
Social Media ,
State Attorneys General
A shrinking legislative calendar and the fallout from November’s election results – no matter which party gains the upper hand in the battle for control of Congress – are likely to doom lawmakers’ efforts to pass...more
9/30/2024
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Biden Administration ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
CFTC ,
Cryptocurrency ,
Digital Assets ,
Donald Trump ,
Financial Services Industry ,
Kamala Harris ,
Know Your Customers ,
Legislative Agendas ,
Proposed Legislation ,
Securities and Exchange Commission (SEC)
On June 7, Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced S. 4356, the Responsible Financial Innovation Act (Lummis-Gillibrand Bill). If enacted, the legislation would create a regulatory framework...more