Representatives Mchenry News Today

The proposed bill sets forth a comprehensive framework for the digital asset ecosystem by bridging regulatory gaps, promoting innovation, and protecting consumers. On...

The Digital Asset Market Structure "(DAMS") discussion draft bill attempts to provide regulatory clarity on crucial blockchain industry issues.

While DAMS appears to be a well-intentioned and thoroughly reasoned approach to a functional digital asset framework in the US, it is still in its very early stages in the legislative process, and it is possible that it will not get passed as a law.

This blog post summarizes recent federal bills that have been introduced (but not yet passed), proposals by the Biden Administration, and guidance issued by the Internal Revenue Service...

This blog post summarizes recent federal bills that have been introduced (but not yet passed), proposals by the Biden Administration, and guidance issued by the Internal Revenue Service...

Virtual Currency Tax Fairness Act, which would exempt cryptocurrency transactions of $50 or less from tax. S. 4751 was introduced, which would modify and narrow the definition of broker for purposes of the reporting requirements for digital assets.

RPM Act 2021 introduced in U.S. House SEMA photo The Recognizing the Protection of Motorsports Act of 2021 (RPM Act) clarifies EPA emissions language to protect the right to convert street vehicles into dedicated racecars and the motorsports industry’s ability to sell products that enable racers to compete. WASHINGTON — For the fourth time in five years, members of the U.S. House of Representatives have introduced legislation to clarify emission standards for vehicles converted into race ca...

COLUMN: Time for Congress to fix credit markets Courts are distorting credit markets in a way that hurts Main Street small businesses, and Congress now has an opportunity to fix it. Imagine you opened a salon two years ago with a chair for both you and your business partner. Over the years, you built a small clientele and grew steady revenues. Your business is profitable, and you want to add two more chairs to your shop. You estimate that the expansion will cost $20,000 but will yield $40,000 a...