On May 1, 2013, the Securities and Exchange Commission (SEC or Commission) held an open meeting to consider: - Whether to propose new rules and interpretive guidance for cross-border security-based swap (SBS)...more
5/20/2013 - CFTC Cross-Border Dodd-Frank Major Swap Participants SEC Security-Based Swaps
On March 21, 2013, Congress authorized the Community Development Financial Institutions (“CDFI”) Fund to guarantee up to $500 million aggregate principal amount of bonds in fiscal year 2013, marking a new opportunity for...more
5/20/2013 - Bonds CDFI Fund Certifications Community Development Entities Insurers
THE LEGISLATION - Following a day of tumultuous House Republican caucus deliberations, at 11:00 pm, the House passed The American Tax Relief Act of 2012, a cliffhanger deal negotiated by Vice President Biden and Senate...more
1/8/2013 - Alternative Minimum Tax American Taxpayer Relief Act Budget Control Act of 2011 Capital Gains Dividends Estate Tax Farm Bill Fiscal Cliff Income Taxes Medicare Taxes Payroll Taxes Pease Limitation PEP Sequestration Tax Extensions
GETTING TO A VOTE - An agreement has been reached between the White House and Senate Republicans, but how the House handles it may depend on the Senate vote dynamic. Vice President Biden briefed the Senate Democratic...more
1/7/2013 - Fiscal Cliff
ZEROING IN ON A DEAL - Vice President Biden and Senate Republican Leader McConnell are close to reaching a deal to avert the fiscal cliff. Discussions between the two began late yesterday afternoon and have continued...more
1/5/2013 - Alternative Minimum Tax Bush-Era Tax Cuts Farm Bill Fiscal Cliff Income Taxes Medicare Taxes Tax Extensions
RECENT DEVELOPMENTS - - The President and Congressional leaders met Friday at the White House at 3:00 pm in an attempt to strike a last-minute deal. - Today’s meeting, which lasted about an hour, was attended...more
1/4/2013 - Alternative Minimum Tax Barack Obama Bush-Era Tax Cuts Fiscal Cliff Harry Reid Income Taxes John Boehner Mitch McConnell
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