This blog post is written as an update to a Note previously published in the Michigan Business and Entrepreneurial Law Review on anti-money laundering (“AML”) regulation in crowdfunding.1 The Original Note analyzed proposed crowdfunding rules published on November 5, 2013 by the Securities and Exchange Commission (SEC).2 This update is based on the final rule,…
Tag: Treasury
Debt Ceiling Crisis Update
The federal debt limit, also known as the debt ceiling, is the amount of money Congress has authorized for the U.S. government to borrow in order to meet existing obligations, which includes interest on national debt and tax refunds.1 In 1917, the year the U.S. entered World War I, Congress created the first debt-ceiling limit…