Legislative, Regulatory, Judicial and Accounting Developments

January 2021

  • LEGISLATIVE DEVELOPMENT
    • Amendment to IRC §  7702 – Minimum Rate of Interest

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February 2021

  • LEGISLATIVE DEVELOPMENTS
    • COVID Relief Legislation – American Rescue Plan (HR 1319)
    • Florida Consumer Privacy Bill (HB 969)
    • Virginia Consumer Data Protection Act (SB 1392)
  • REGULATORY DEVELOPMENTS
    • OCC Finalizes Rule Clarifying Role of Supervisory Guidance
    • Banking Regulators Finalize NSFR Rule

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March 2021

  • LEGISLATIVE DEVELOPMENTS
    • Biden Administration Unveils Infrastructure Plan
  • REGULATORY DEVELOPMENTS
    • Congressman Waters Urges Regulators Not to Weaken Big Bank Capital Requirements

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April 2021

  • TAX DEVELOPMENTS
    • Biden Administration Tax Policy Update
  • JUDICIAL DEVELOPMENTS
    • USAA Settles Class Action COI Complaint

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May 2021

  • TAX DEVELOPMENTS
    • Biden Releases FY 2022 Budget Proposal
    • Treasury Greenbook Released

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June 2021

  • TAX DEVELOPMENTS
    • Groom Law Group Asks IRS to Provide Guidance on Repurposing Surplus VEBA Assets
  • LEGISLATIVE DEVELOPMENTS
    • Colorado Legislature Passes Privacy Law

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July 2021

  • TAX DEVELOPMENTS
    • IRS Issues Private Letter Ruling Affirming that a Transfer of Insurance Policies from a Parent to a Subsidiary Retains Tax Exempt Status
  • REGULATORY DEVELOPMENTS
    • Banking Regulators Release Proposed Interagency Guidance for Third-Party Relationships Risk Management

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