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Biden Administration › Financial Institutions › Proposed Legislation

Ballard Spahr LLP

House Subcommittee Chairman pushes legislation to convert CFPB into a commission, make it subject to appropriations

Ballard Spahr LLP on

House Financial Institutions Subcommittee Chairman Rep. Andy Barr, R-Ky., said last week that his subcommittee will place a high priority on changing the CFPB’s structure and funding....more

Alston & Bird

U.S. and Allies Impose “First Tranche” of New Economic Sanctions in Response to Russian Action in Ukraine

Alston & Bird on

Our International Trade & Regulatory Group addresses the new U.S. sanctions against Russia announced this week in response to its actions against Ukraine and summarizes the similar packages announced by key U.S. allies....more

Eversheds Sutherland (US) LLP

Warren bill fundamentally changes financial account reporting requirements and substantially increases IRS funding

Eversheds Sutherland (US) LLP on

On May 24, 2021, Sen. Warren introduced Senate Bill 1788, the “Restoring the IRS Act” (the Proposed Legislation). The Proposed Legislation generally (1) imposes new information reporting obligations on financial institutions...more

Mitchell, Williams, Selig, Gates & Woodyard,...

First Look: Select Tax Provisions in the Proposed American Families Plan

Mitchell, Williams, Selig, Gates & Woodyard,... on

On April 28, President Biden announced the American Families Plan. The American Families Plan is touted as an investment in America’s children and families – helping families cover basic expenses that so many struggle with...more

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