Join Amundsen Davis’s Business Litigation Service Group’s Sherry Coley, partner, and Ryan Bald, associate, for an update on DOGE’s apparent plans for agency centralization or consolidation.

The No Tax on Tips Act (“Act”) proposes a deduction of income tax on tipped income. A closer look at the long-term economic ramifications and administrative hurdles creates cause for concern surrounding this tax policy.

On January 16, 2025, Representative Andy Barr (R-KY) introduced a bill aimed at increasing the formation of new banks by easing regulatory requirements, particularly for de novo and rural financial institutions. The legislation seeks to address the declining number of new bank charters in recent years by phasing in capital standards and allowing greater flexibility in business plans for both depository institutions and bank holding companies.