Tag Archives: Financial Services Committee

The Weekly Hill Update

Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session. HEADLINES The United States and a multitude of other nations are working to help bolster Ukraine’s defenses and cripple Russia’s invading military and leadership, as war rages in Europe for … Continue Reading

Banks, Lawmakers Call on FASB to Pause New Accounting Rules

In the wake of bipartisan criticism from Congress over sweeping new accounting rules for the banking industry, the Financial Accounting Standards Board (FASB) is hosting a roundtable discussion today on its controversial current expected credit loss (CECL) rules. Many financial institutions – and several members of Congress – have called on FASB to delay implementing … Continue Reading