Progressive taxes exist so the burden of paying for government services, oversight, and infrastructure doesn't fall disproportionately on those earning lesser incomes. Those who earn less are taxed at a lesser rate. Those who earn more are taxed at a higher rate. This concept is known asability...
What Does Freedom of Petition Mean? The freedom of petition is enshrined in the First Amendment, which states: "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of...
Congress has finally passed its $2 trillion stimulus package, known as the Coronavirus Aid, Relief and Economic Security Act, or CARES Act. While there is plenty of money that will be going to large corporations, such as airlines, there is a lot that should help everyday Americans. Her...
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) protects our financial system. FinCEN is responsible for enforcing the Corporate Transparency Act.
How Does the SEC Influences Cryptocurrency Regulation? The debate around whether cryptocurrency should be classified as a security or a commodity—and consequently fall under the oversight of either the Securities and Exchange Commission (SEC) or theCommodity Futures Trading Commission (CFTC)—continues ...
The stated goal of SOX is "to protect investors by improving the accuracy and reliability of corporate disclosures." As such, public company management must individually certify the accuracy of financial information. SOX also increased the oversight role of boards of directors and the independence of...
“Unleash hell on the Secret Service,” Kirk said, referring to Congress engaging in legislative oversight after Donald Trump was shot at a rally Saturday. Natalie Allison07/17/2024, 10:06pm ET Jul 2024 | FROM THE RNC 4 GOP senators just confronted the Secret Service director in Milwaukee ...
Protection of intellectual property is also a priority for Congress, as indicated by its consideration of the NO FAKES Act of 2024 (H.R. 9551). Should it survive Congress and become enforced law, the NO FAKES Act would provide significant protection against AI-enabled infringement of intellectu...
which provide a safeguard from out-of-state prosecution, Paxton’s aggressive action makes it even more crucial that states enshrine data privacy protections into their laws, says Albert Fox Cahn, the executive director of the Surveillance Technology Oversight Project, an advocacy group. “There is...
while records of shareholder meetings must be kept and disclosed, the BCL makes no such requirement for the minutes taken during closed board meetings. However, this does not prevent the co-op's bylaws from requiring such minutes. More often than not, board meeting minutes taken behind closed ...