FDIC Extends Safe Harbor for Securities Originated by Failed Banks

The board of Federal Deposit Insurance Corporation has extended until Sept. 30 transitional safe harbor protections for securitizations and participations of failed banks under…

CFTC-FERC Turf Battle over Energy Contracts Moves to Senate

An unresolved turf battle between the chairmen of two federal agencies over regulation of financial derivative products in energy markets will require Congress to settle…

House Ways and Means Panel Chair Levin Aims to Start Work on Estate Tax, Middle-Class Tax Cuts in Coming Weeks

House Ways and Means Committee Chairman Sander Levin (D-Mich.) told reporters March 16 he hopes to begin work on the estate tax and extensions of the 2001 and 2003 tax cuts for…

Proposals on Tax Havens, Job Creation Expected to Clear House Ways and Means Committee Today

The Ways and Means Committee is expected to approve legislation (H.R. 4849) March 17 that would extend the Build America Bonds program, but that support will…

Employers Urged to Act Quickly to Claim Expected Tax Benefits for New Workers

Employers should take swift action in claiming tax incentives for hiring and retaining new workers under major new jobs legislation…

National Digital Tax Regime, Long-Term R&E Credit Called for in FCC Broadband Proposal

A federal framework for taxing digital goods and services would improve tax certainty and promote online entrepreneurship and investment, the Federal Communications Commission said in…

Senate Majority Leader Weighs Climate Change Provisions as Amendments to Energy Bill

Senate Majority Leader Harry Reid (D-Nev.) said March 16 that he is mulling a floor strategy that would distill cap-and-trade provisions into amendments that could be offered to an energy bill on the Senate…