News & Analysis as of September 13, 2025

National Defense Authorization Act › Banking Sector

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The National Defense Authorization Act is a United States federal statute enacted each year to specify the budget and expenditures of the Department of Defense. The NDAA identifies which agencies are responsible for national defense, provides funding for those agencies and includes instructions on proper use of the funds. less -

The Weekly Hill Update - September 2025 #2

BakerHostetler on 9/8/2025

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more

Fintechs, Novel Charters, and Fed Master Accounts - Of Elephants and Mouseholes

Venable LLP on 4/25/2024

A U.S. District Court recently rejected arguments that banks and institutions with novel charters have a statutory right to obtain a Federal Reserve master account. Master accounts let institutions access key parts of the...more

FDIC Closing in on Implementing the Fair Hiring in Banking Act With Proposed Regulations for Section 19

Ogletree, Deakins, Nash, Smoak & Stewart,... on 1/23/2024

The Federal Deposit Insurance Corporation (FDIC) is close to finalizing revisions to regulations regarding Section 19 of the Federal Deposit Insurance Act to align them with the Fair Hiring in Banking Act (FHBA), which eased...more

New Law Relaxes Restrictions on Hiring Individuals with Criminal Records in the Banking and Finance Industry

Miller & Martin PLLC on 2/16/2023

On December 23, 2022, President Biden signed into law a bill pertaining to financial institutions which relaxes restrictions on hiring individuals with criminal records....more

Congress Eases Criminal Offense Restrictions for Employment With Financial Institutions

Ogletree, Deakins, Nash, Smoak & Stewart,... on 1/27/2023

Included in the defense spending bill signed by President Biden in December 2022 is a section with key provisions for financial institutions that will ease restrictions on hiring candidates with criminal records....more

The Week in Weed: December 2022 #2

Seyfarth Shaw LLP on 12/9/2022

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. - This week, we have lots of federal news. First, something that didn’t happen. Then, something that did happen....more

SAFE Banking Is Not Safe

Seyfarth Shaw LLP on 12/8/2022

The SAFE Banking Act is no longer in the National Defense Authorization Act and therefore will not pass in this Congress. For weeks, both industry sources and Congressional sources have been predicting that SAFE would pass in...more

The Buzz at CannaVest West

Seyfarth Shaw LLP on 1/3/2022

Happy New Year and welcome back as The Blunt Truth begins its seventh year of publication. ...more

Nutter Bank Report: September 2021

Nutter McClennen & Fish LLP on 9/29/2021

Division of Banks Warns of Risks from Representments Causing Multiple NSF Fees - The Massachusetts Division of Banks has issued a supervisory alert letter to warn banks about certain legal risks and risks of regulatory...more

The Corporate Transparency Act: FinCEN to Collect Beneficial Ownership Information

Nutter McClennen & Fish LLP on 6/24/2021

The Corporate Transparency Act (“CTA”) was enacted as part of the Anti-Money Laundering Act of 2020. The purpose of the CTA is to deter anonymous owners of corporations, limited liability companies, and other entities from...more

More Tools for AML Enforcement and More to Come: Key Considerations from the 2020 Anti-Money Laundering Act and the Corporate...

K&L Gates LLP on 1/18/2021

On 1 January 2021, Congress overrode President Trump’s veto of the National Defense Authorization Act (the NDAA). As part of the NDAA, Congress included long-considered provisions with the potential to revolutionize...more

Emerging Technologies Washington Update - September 2019 #4

McGuireWoods Consulting on 9/27/2019

This Week: McGuireWoods Consulting senior advisor Greg Walden testifies before Congress on drone policy, Senate Antitrust Subcommittee examines acquisitions of nascent or potential competitors by digital platforms, House...more

Window On Washington - Vol. 2, Issue 27

Clark Hill PLC on 7/9/2018

Outlook for This Week in the Nation's Capital - House and Senate Return. Both the House and Senate are back in session this week. The Senate is planning to take a series of judicial nominations as well as a few other...more

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National Defense Authorization Act › Banking Sector

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