Two global banks and more than a dozen hedge funds misused a complex financial structure to claim billions of dollars in unjustified tax savings and to avoid leverage limits that protect the financial system from risky debt, an investigation directed by Sen. Levin found.
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|Summary of the Levin-Durbin No Federal Contracts for Corporate Deserters Act|
Issues in Focus
Today in the SenateJuly 31, 2014:
At 9:30 a.m., following any Leader remarks, the Senate will resume consideration of the motion to proceed to S. 2648, the Emergency Supplemental Appropriations bill, post-cloture. The time until 10:00 a.m. will be equally divided between the two Leaders or their designees. Senator Sessions will control the time from 10:00 a.m. to 11:00 a.m., and the Majority will control the time from 11:00 a.m. to 12:00 noon.