The legal rules and procedures that govern how federal, state and local governments calculate the tax you owe are called tax laws.
In the United States, fiscal policy is directed by both the executive and legislative branches. In the executive branch, the President is advised by both theSecretary of the Treasuryand the Council of Economic Advisers. In the legislative branch, the U.S. Congress authorizes taxes, passes laws,...
A closing disclosure, required by federal law for real estate transactions, is a five-page form that reviews the details of your mortgage. The information will include details about your monthly payments and loan terms as well as any associated fees. You should receive this letter at least thre...
Behind every tax break is a tax law that the government passes which explains how the tax break works. When it comes to your federal income tax, all changes in tax law must be approved by the U.S. Congress and the president. For example, when you fill out your tax return this year ...
The U.S. Securities and Exchange Commission (SEC) is a federal agency responsible for regulating the securities industry.
The history of the CFAA can be confusing, given the federal government has amended that act on many occasions. The following timeline aims to provide a clear record of each amendment and its impact: 1986: Congress passes the CFAA to amend the Comprehensive Crime Control Act 1994: Congress adds...
What is federal procedural law? What are violations of civil rights? Which branch of government administers and enforces criminal laws? Which states have lethal injection? What are the powers denied to the state governments? Which constitutional amendment gives the states freedoms and control?
Compliance costs vary based on the institution’s size, complexity, and business model. However, the consequences of non-compliance can be severe, including fines, enforcement actions, and reputational damage. Regulatory bodies, such asFinCEN, the Federal Reserve, and theSEC, enforce CIP requirements...
Additionally, many federal laws protect consumers from debt collectors, harassment, unauthorized payments, and false credit reporting. For example, the Fair Debt Collection Practices Act (FDCPA) protects consumers from debt collector harassment and illegal collection tactics. While the law does not apply...
the legislative branch, the U.S. Congress, using itsconstitutionally granted“power of the purse,” authorizes taxes and passes laws appropriating funding for fiscal policy measures. In Congress, this process requires participation, debate, and approval from both theHouse of Representativesand theSenate...