House Passes Landmark Tax Reform Bill
The House today voted 227 to 205 to pass H.R. 1, the landmark tax reform bill that would be the first major overhaul of the tax code in more than three decades.
Browsing: Subchapter S
Senate Unveils Tax Reform Bill; House Committee Passes Tax Plan
As the legislative process continues for the first major tax code overhaul in three decades, Senate Finance Committee Chairman Orrin Hatch (R-Utah) yesterday released his own draft of tax reform legislation.
Sweeping House Tax Reform Bill Introduced
House Republican leaders today unveiled a draft of sweeping tax reform legislation — the first major overhaul of the tax code in more than three decades.
ABA Provides Treasury with Recommendations to Promote Economic Growth
In a detailed letter today to Treasury Secretary Steven Mnuchin, ABA provided a number of recommendations to improve banks’ regulation and promote economic growth.
ABA Urges Treasury, Regulators to Fix Capital Rule Problems
As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA provided recommendations to the Treasury Department today on areas where the bank capital framework can be improved.
House Republicans Unveil Tax Reform Plan
House Ways and Means Committee Chairman Kevin Brady (R-Texas) today issued the House Republicans’ proposal for tax reform, which includes substantial simplification of rates and brackets, as well as major reforms to the Internal Revenue Service.
FDIC: Closely Held Banks Outperform Widely Held Peers
Closely held community banks have significantly outperformed widely held community banks in financial performance and operational efficiency, according to new research published today in the FDIC Quarterly.
Fed Declines Basel III Fix for Sub S Banks
Federal Reserve Chairman Janet Yellen yesterday responded to a letter several House members sent last fall urging regulators to resolve a problem for Subchapter S banks posed by Basel III’s capital conservation buffer. Yellen declined to pursue any policy change, stating that the Fed “continues to believe that the capital conservation buffer should be applied equally to all banking organizations.”