ABA supports expanded SEC accommodations for smaller public companies
ABA that it supports a Securities and Exchange Commission proposal to expand reporting accommodations for smaller public companies.
Tax and Accounting
ABA urges lawmakers to restore limited NOL carryback option
Legislation to reinstate the net operating loss, or NOL, carryback option for certain eligible financial institutions would expand lending and...
CDFI Fund launches online Opportunity Zone nomination tool
The CDFI Fund has launched an online tool that state governors can use to nominate communities as qualified Opportunity Zones,...
FASB proposes targeted improvements to hedge accounting guidance
FASB issued a proposed accounting standard update exposure draft, or ED, on the short-term hedging targeted improvements added to the...
ABA seeks further revisions to draft W-9 tax form
ABA said that while it appreciates the IRS incorporating its recommendations into the proposed revisions to W-9 tax forms, the...
Proposed tax break for crypto yield could reshape how Americans save
Departing from the key principle of tax parity with crypto activities would not clarify the rules. It would tilt the...
IRS releases Health Savings Account amounts for 2027
The IRS has released the inflation-adjusted contribution limits and high-deductible health plan requirements for 2027.
ABA offers improvements for proposed 401(k) plan prudent investment rule
ABA said that while it supports a proposed rule to provide 401(k) plan managers a safe harbor for investing in...
ABA offers recommendations for modernizing brokerage statement filings
ABA made several recommendations to the Treasury Department and IRS to modernize and streamline the electronic delivery framework for brokers...
Fed’s Bowman calls for CECL repeal
Saying that the Current Expected Credit Loss accounting standard "clearly did not improve safety and soundness", Federal Reserve Vice Chair...
