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Congress · 117th Congress

Treasury pushes global crypto data-sharing rules in budget bill

Rettig has estimated the “tax gap” — the difference between taxes owed and paid to the federal government — stands at $1 trillion each year, with a portion coming from unpaid taxes on cryptocurrency trades

Opinion · 117th Congress

Why ‘no corporate PAC money’ pledges are important

In fact, voters’ positive response across the county and across party lines for this pledge has helped build major support and momentum for reforms like the For the People Act (HR 1/S1).

Congress · 117th Congress

Democrats unveil blueprint for $3.5T budget reconciliation bill

and Senate panels to write legislation to increase the deficit by up to nearly $1.75 trillion while instructing the Senate Finance and House Ways and Means committees to reduce the deficit by at least $1

Policy · 117th Congress

As banks push AI, worry about worsening inequality follows

The Boston-based National Consumer Law Center was even more blunt, warning in its July 1 letter to regulators that “the use of complex, opaque algorithmic models in consumer credit transactions also

Congress · 117th Congress

Senate infrastructure week arrives as House August recess begins

Mitt Romney, R-Utah, a member of the bipartisan group behind the “hard” infrastructure bill that would provide nearly $1 trillion over five years, including $550 billion in new spending, countered critics

Congress · 117th Congress

Justice Department spending bill in limbo over police funds

Commission on Civil Rights, an independent agency funded in the bill, would receive $13 million, Bowman pointed out, of which $1 million is intended for the Commission on the Social Status of Black Men

Policy · 117th Congress

Washington is a lobbying boom town under Biden

changes to elections law, the bill also would reshape how congressional candidates fund their campaigns by instituting an optional public financing system that would match $6 in government money for every $1