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The US Senate on Monday passed an omnibus competitiveness bill that includes provisions to enhance military, cultural and diplomatic ties with Taiwan, but obstacles remain in having the bill enacted into law. The Senate approved the America COMPETES Act by a 68-28 margin after the House of Representatives passed an act of the same name by a 222-210 vote on Feb. 4. However, the bill approved by the Senate replaced the original content of the America COMPETES Act with that of the US Innovation and Competition Act (USICA), which the senate passed on June 8 last year. Both bills are aimed at incre...

The "Economic Continuity and Stability Act," which includes as Division U the "Adjustable Interest Rate (LIBOR) Act," was enacted on March 15, 2022.

The Montana Democrat also urged his Senate colleagues to pass the SAFE Banking Act, while Sen. Jerry Moran of Kansas claimed that the Republican boycott of Sarah Bloom Raskin had nothing to do with her views on climate change.

CFO news

Senate Democrats insist the GOP's boycott of President Biden's picks for the Federal Reserve is interfering with the central bank's handling of an economic crisis. But GOP lawmakers say the Fed is functioning fine and their concerns about nominee Sarah Bloom Raskin are material.