Appellate court rules that investment trusts must follow consumer protection laws. The Third Circuit U.S. Court of Appeals ruled that investment trusts that purchase and hold private student…
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SEC Fines Two Investment Firms for “AI Washing”
Chair Gensler says advisors should not claim to use AI when they do not. The Securities and Exchange Commission (SEC) fined two investment companies a combined $400,000 for…
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SEC Votes to Approve Emissions Disclosure Requirement for Investments
The rule will not apply to small businesses. The Securities and Exchange Commission (SEC) voted to pass a new climate disclosure rule for large and medium-sized companies offering…
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Interior Department Awards Grants to Clean Up Orphaned Oil and Gas Wells
The funding is allotted under infrastructure legislation. The Department of the Interior announced guidance for states, offering up to $30 million in matching grant funds under the Bipartisan…
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12 Additional Criminal Charges Brought Against Senator Menendez
He continues to maintain his innocence. Federal prosecutors brought an additional 12 criminal charges against Senator Bob Menendez on Tuesday, bringing the total charges against him to 16.…
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Water Infrastructure Report Released by Federal Agencies
The Bureau of Reclamation and U.S. Army Corps of Engineers detailed the results of collaborative efforts. The U.S. Army Corp of Engineers released a joint report with the…
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Chair of Select Committee on China Heads Delegation to Taiwan
China says the U.S. needs to be “mindful of the extreme complexity and sensitivity“ of its relationship with Taiwan. U.S. Representative Mike Gallagher of Wisconsin headed a delegation…
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Child Tax Credit and Business Bill Passes House
Bipartisan vote moves $78 billion legislation to Senate. Members of the House of Representatives passed legislation to expand the child tax credit and renew investment deductions for business…
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FTC Launches Inquiry into Tech Companies’ AI Investments
The commission examines the impact on competition and innovation. The Federal Trade Commission (FTC) issued orders to Alphabet, Amazon, Anthropic, Microsoft, and OpenAI, requiring them to provide information…
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White House Expands Small Business Access to Federal Contracts
OMB guidance expands access for small businesses to high-value and high use contracts. President Biden’s administration released guidance this week on the expansion of access to federal contracts…
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