Crowe "Senate Finance Committee Releases Its Bill"

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Top Crowe insights – 6/29/2025 
We wish all of you a Happy Fourth of July! On this day, we’ll celebrate the 249th anniversary of the Declaration of Independence. We honor and appreciate the patriotic Americans who bravely served our country so we can enjoy the freedoms and privileges we have, and we wish you, your loved ones, and your community a wonderful Independence Day. 

Please note that the entire U.S.-based Crowe LLP team will be enjoying firm holidays on July 3 and 4. The Crowe Weekly Focus will return on Sunday, July 13. 
  
01   Senate Finance Committee Releases Its Bill

The Senate Finance Committee released its version of the One Big Beautiful Bill Act, which included notable differences in tax provisions from the House version. (Short read)

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02   June 2025 Financial Reporting, Governance, and Risk Management

Learn more about the FDIC & NCUA Q1 industry results, FDIC reevaluation of bank merger transactions policy, Fed agenda, SEC focus change, and other updates from regulators. (Long read)

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03   TIGTA Highlights Tax-Exempt Hospital Oversight

A recent Treasury report recommends legislation and improvement of IRS oversight related to tax-exempt hospitals’ compliance with Section 501(r). (Short read)

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04   ASU Offers Guidance on Identifying the Accounting Acquirer

FASB ASU 2025-03 revises guidance for determining the accounting acquirer in a transaction involving a variable interest entity. (Moderate read)

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05   HITRUST June 2025 Quarterly Newsletter

Explore significant updates to the HITRUST framework, emerging trends in risk management and compliance, and insights gained from the first half of the year. (Moderate read)

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Upcoming events 
  
  
NEWLY ADDED | Event July 23
2025 Crowe Summer CPE Series

Join us in Pittsburgh for peer networking, valuable banking-specific sessions, and a Pirates vs. Tigers baseball game. 
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NEWLY ADDED | Webinar July 24
Public Sector Internal Audit: Risk in Procurement 

Examine procurement areas that require elevated assurance and practical strategies in auditing procurement transactions. 
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Accelerate Your Security Program Maturity With the ServiceNow® Platform 

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