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January 19, 2024

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Nussle calls for ERTC consideration ahead of tax bill markup ([link removed] )

America’s Credit Unions President/CEO Jim Nussle sent a letter Thursday to the House Ways and Means Committee and Senate Finance Committee urging them to fix an oversight to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) when marking up the tax proposal announced earlier this week. The CARES Act unintentionally prohibited the Employee …

NCUA Board approves performance plan at January meeting ([link removed] )

The NCUA Board approved the agency’s 2024 Annual Performance Plan and discussed its 2024-26 Diversity, Equity, Inclusion, and Accessibility (DEIA) Strategic Plan at its January meeting. Thursday’s meeting was also the first with Board Member Tanya Otsuka, who was sworn in last week. NCUA’s performance plan is guided by the agency’s 2022–2026 Strategic Plan, which …

U.S. Supreme Court hears cases on Chevron doctrine ([link removed] )

The U.S. Supreme Court heard arguments in two separate but related cases that challenge the Chevron doctrine. The Chevron doctrine stemmed from the 1984 decision of Chevron U.S.A, Inc. v. Natural Resources Defense Council and requires that federal courts defer to a federal agency’s reasonable interpretation of a law, preventing the court from substituting its …

Congress passes bill funding government through early March ([link removed] )

The House and Senate passed legislation Thursday funding the federal government through early March. The vote was overwhelmingly bipartisan. The legislation extends funding for the National Flood Insurance Program through March 8. Government programs set to expire Jan. 19 (Agriculture, Energy and Water, Military Construction and Veterans Affairs, and Transportation and Housing funding) would be …

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