EXCLUSIVE: House Oversight Chair Probes IRS On Potentially Illegal ESG Practices
House Oversight Committee Chairman James Comer sent a letter Thursday to IRS Commissioner Daniel Werfel, inquiring about how how environmental, social and governance (ESG) actions by retirement plan administrators violate the IRS Internal Revenue Code (IRC). The Daily Caller first obtained a copy of the letter, in which Comer requests information about state pension fund […]
SEC Chair Gary Gensler says disclosures not enough to protect crypto exchanges – The Block
Regulation • June 5, 2024 3:38 PM EDT Published 1 minute ago upon U.S. Securities and Exchange Commission Chairman Gary Gensler said on Wednesday that federal securities regulators may still take enforcement action against cryptocurrency exchanges even if they disclose the risks of their products to retail investors. On CNBC interviewGensler said that crypto exchanges […]
Republicans planning for possibility of Trump being jailed during convention, chair says
The Republican National Committee (RNC) is preparing for the possibility that former President Donald Trump, the GOP’s presumptive nominee, will be jailed during the party’s convention, the party’s chairman said Tuesday. “Yes, we’re working on that right now,” Republican National Committee Chairman Michael Whatley said Tuesday during an appearance on Newsmax’s “Wake Up America.” “I’m […]
Texas GOP leaders react to new chair, sweeping policy proposals for Lone Star State
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‘Too late’: Trump backs challenger to Freedom Caucus chair despite receiving prior endorsement
Former President Trump on Tuesday endorsed a primary challenger to Freedom Caucus Chairman Bob Good (R-Va.), arguing that the senator’s attempts to reconcile with him were “way too late.” “Bob Goode is bad for Virginia and bad for America,” Trump wrote on his Truth social platform. Goode and his primary opponent, Virginia Sen. John Maguire, […]
House passes bill to create new cryptocurrency framework despite pushback from Securities and Exchange Commission Chair Gary Gensler
The House of Representatives on Wednesday passed a bill that would create a new framework for when virtual currencies should be regulated by the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). The House passed the 21st Century Financial Innovation and Technology Act (FIT 21) by a vote of 279-136, despite […]
Lobbying World: Akin snags former Ways and Means chair ahead of tax fight
Former House Ways and Means Chairman kevin brady (R-Texas) joined. akin As a senior policy consultant and chair of the Tax Drafting Committee, Mr. Brady was instrumental in shaping former President Trump’s signature tax bill, the Tax Cuts and Jobs Act of 2017, which has several provisions set to expire in 2025. played a role. […]
Navarro predicts Fed chair would be ‘gone in a hundred days’ in new Trump administration
Imprisoned former White House economic adviser Peter Navarro predicted that Federal Reserve Chairman Jerome Powell would benefit from a second Trump administration. “My guess is that this methodical non-economist will be gone in 100 days anyway,” Navarro said in an interview with Semaphore. published Tuesday. Navarro has confirmed the names of Kevin Hassett and Tyler […]
FDIC Chair Martin Gruenberg to resign after sex-harassment scandal at agency
Federal Deposit Insurance Corp. Chairman Martin Gruenberg finally announced his resignation Monday following a months-long scandal over sexual harassment and other misconduct at the top banking regulator. Gruenberg said he will step down from his role once a replacement has been confirmed. The White House will name a replacement for Mr. Gruenberg, deputy press secretary […]
Senate Banking chief calls on Biden to replace FDIC chair after sexual harassment probe
Senate Banking Committee Chairman Sherrod Brown (D-Ohio) on Monday called on President Biden to replace the chairman of the Federal Deposit Insurance Corporation (FDIC) following reports of a toxic work environment at the agency. Mr. Brown is the most senior Democrat to seek the resignation or replacement of FDIC Chairman Martin Gruenberg, the Democrat whom […]