House Bill Reintroduced to Add FASB Procedural Checks, Require Annual Chair Testimony
A House Republican on December 12, 2023, reintroduced legislation requiring the chair of the FASB to testify annually before two …
IRS Spending Plan Elicits Mixed Reactions From Congress, Policy Groups
Following the release of the much-anticipated spending plan for how the IRS intends to deploy the $80 billion appropriation granted by the …
Retirement Expert: SECURE 2.0’s Impact on RMD Penalty Tax Collection Is TBD
The SECURE 2.0 Act, included in the year-end omnibus bill approved by Congress (Consolidated Appropriations Act, 2023), features 100 retirement provisions that …
House Tees Up Short-Term Funding Bill
The House plans to vote either December 14 or 15 on a one-week funding bill as negotiators for a year-long …
2023 Tax Outlook Pt. 1: Lame Duck Session, Split Congress Expectations
This two-part series forecasts tax developments the remainder of this month and the new year will bring. Part 1 begins …
Concerns Bubbling Up Over Implications of Financial Data Transparency Act for GASB
The GASB is monitoring the process of the Financial Data Transparency Act of 2022 that was floated by Congress earlier …
Must Pass Legislation May Bump Pension Bill From Lame Duck Consideration
Funding the government to avert a shutdown before the end of the calendar year is must-pass legislation for Congress as …
House Bill Would Subject FASB to New Procedural Requirements, Mandate Chair Testimony
Two House republicans on Nov. 16, 2022, introduced legislation that would subject the FASB to new procedural checks and require …
Republican House Control Sets up New Headaches for SEC
Republicans clinched a narrow House majority this week, lining up Representative Patrick McHenry as the presumptive next chair of the …
Republican Members Vie for Spot on House Ways and Means Committee
There are at least 10 Republicans vying for eight possible seats on the powerful House Ways and Means Committee in …