Updated: President signs ‘big beautiful bill’ including numerous ABA-backed provisions
Included in the bill were several ABA-supported tax provisions related to banks, including a modified version of the ABA-advocated ACRE...
Tax and Accounting
ABA offers feedback to FASB request for input on its agenda development
The association’s feedback identifies opportunities to more closely align underlying economics with accounting outcomes; opportunities to balance costs relative to...
ABA, state associations support tax provisions in budget bill
Provisions welcomed by ABA and the state associations include a narrow version of the ACRE Act and a permanent Section...
Volatility prompts banks to hoard cash and implement financial hedges
Even smaller banks with only a few billion dollars in assets are using swaps and other derivatives to more proactively...
Senate tax measure contains provisions on ACRE, pass-through business deduction
The Senate Finance Committee released its reconciliation tax text that contains several differences from the version passed by the House,...
Credit-sensitive Libor replacements still seek traction
Looming volatility and recent developments may give AXI and Ameribor a boost
ABA Viewpoint: Making the endgame a real endgame
If U.S. regulators move forward on the Basel III endgame, they must roll back redundant rules that over-complicate the capital...
ABA: No major changes needed in GAAP to account for recognizing intangibles
A broad-based project to update generally accepted accounting principles to better reflect an institution's intangible assets is not needed as...
Illinois lawmakers vote to delay implementation date for state interchange fee law
The Illinois General Assembly approved legislation extending by a year the effective date of a first-of-its-kind state law restricting interchange...
Budget bill passed by House includes multiple banking industry priorities
The House narrowly passed a reconciliation budget package with several tax provisions supported by ABA. The legislation next heads to...
