SBA: Agency Moves to Terminate Over 150 8(a) Firms in Washington, D.C. Following Eligibility Review
Firms Received Nearly $1.3 Billion in Federal Contracts During Biden Administration Today, the U.S. Small Business Administration (SBA) sent a letter to 154 Washington, D.C.-based 8(a) firms initiating termination proceedings after an internal review revealed that the firms failed to meet “economic disadvantage” eligibility requirements in the 8(a) Business Development Program. The firms – which will be suspended…
ICBA: ICBA Urges Congress to Provide Additional Farm Aid
The Independent Community Bankers of America (ICBA) today strongly urged opens in a new tabCongress to quickly pass bipartisan legislation to provide additional financial assistance to farmers and ranchers challenged by high production costs and continuing revenue losses. “We appreciate the administration’s recently announced $12 billion Farmer Bridge Assistance (FBA) package for row crops and specialty crops….
SBA: 2025 Boots to Business Instructor of the Year Award Winners Announced
Recipients to be Recognized During Virtual Ceremony Feb. 19 The U.S. Small Business Administration (SBA) today announced the winners of the 2025 Boots to Business Instructor of the Year awards, honoring educators and professionals whose service and dedication have made a lasting difference for America’s service members, veterans, and military spouses pursuing entrepreneurship. These awards recognize individuals who…
HUD: Manhattan Housing Authority in Manhattan, KS Placed Under Federal Monitorship Following Substantial Default Declaration
The U.S. Department of Housing and Urban Development (HUD) announced that the Manhattan Housing Authority in Manhattan, Kansas has been placed under HUD Monitorship after being formally declared in Substantial Default for failing to comply with the terms of its federally-mandated Recovery Agreement. This action reflects Secretary Scott Turner’s commitment to staunchly enforcing accountability across…
ICBA: ICBA Applauds House Passage of Housing for the 21st Century Act
The Independent Community Bankers of America (ICBA) applauded the House of Representatives for today’s bipartisan passage of the Housing for the 21st Century Act (H.R. 6644), which includes ICBA-advocated community bank regulatory reforms and promotes housing affordability. “ICBA and the nation’s community banks strongly support the Housing for the 21st Century Act for its numerous…
ABA: ABA Applauds House Passage of Housing for the 21st Century Act
“ABA applauds the House for passing the Housing for the 21st Century Act, which includes measures that enhance housing opportunities across the country as well as several key provisions to help level the regulatory playing field for community banks. These measures provide regulatory and examination relief for smaller banks, incentivize the formation of new banks…
Treasury: Readout Published from the Financial Literacy and Education Commission 2026 Public Meeting
Today, the U.S. Department of the Treasury convened a public meeting of the Financial Literacy and Education Commission (FLEC) focused on implementation and outreach for Trump Accounts. U.S. Secretary of the Treasury Scott Bessent chaired the meeting and delivered opening remarks highlighting the opportunities Trump Accounts create by making every American child a shareholder and…
FDIC: Comment Period Extended on Proposal to Establish GENIUS Act Application Procedures for FDIC-Supervised Institutions Seeking to Issue Payment Stablecoins
February 6, 2026 The Federal Deposit Insurance Corporation (FDIC) today announced a 90-day extension to the comment period on the agency’s notice of proposed rulemaking (NPR) that would implement the application provisions under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) for FDIC-supervised state nonmember banks and state savings associations seeking…
FEMA: President Trump Approves Major Disaster Declaration for Mississippi
FEMA announced that federal disaster assistance is available to the state of Mississippi to supplement recovery efforts in the areas affected by the severe winter storm on January 23-27, 2026. Federal funding is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the…
FEMA: President Trump Approves Major Disaster Declaration for Tennessee
FEMA announced that federal disaster assistance is available to the state of Tennessee to supplement recovery efforts in the areas affected by the severe winter storm from Jan. 22-27, 2026. Federal funding is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair…