The Depression-era wall between investment activities and commercial banking cast a shadow over the banking industry Monday as President Donald Trump indicated he’s open to reinstating such a policy.
Senate Banking Committee Chairman Mike Crapo (R-Idaho) on Thursday said he doesn’t expect Consumer Financial Protection Bureau overhauls, a top priority of GOP efforts to roll back the Dodd-Frank law, to attract much Democratic support — a potential dark spot in a broader vision for bipartisan change.
President Donald Trump’s administration on Wednesday released the core tenets of the White House tax agenda, sketching a general outline that leaves room for many more details, but already shows deviation from the House Republican blueprint.
Treasury Secretary Steven Mnuchin on Wednesday previewed the upcoming White House tax agenda, which differs from the House GOP blueprint in its treatment of business taxation.
President Donald Trump’s recent memorandum ordering the Treasury Department to examine the process for winding down failing banks — embedded in a landmark 2010 law — is reigniting questions on what could replace it.
President Donald Trump on Friday signed executive actions directing the Treasury Department to review two key Dodd-Frank powers and identify burdensome or unnecessarily complex tax rules. He also said there will be an announcement next week regarding plans for tax reform.
With tax writers on Capitol Hill weighing specifics of an overhaul package, one of the more contentious fights likely to emerge is over a proposal to disallow companies from writing off the interest they pay on debt.
New banking regulation discussions in Washington are dredging up a Depression-era ghost that analysts say would fit poorly in the modern financial industry.
Treasury Secretary Steven Mnuchin is casting doubt on his previous August goalpost for moving tax overhaul legislation through Congress, according to the Financial Times.
How best to ease taxes on businesses is among many unresolved issues roiling the tax reform debate.
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