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
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
Posted in The Weekly Hill Update
