Senate Panel Extends More Than 50 Tax Breaks
Sen. Orrin Hatch says the package includes widely supported tax provisions and “will provide some certainty in the tax code for the next two years.”
Senators Vow More Work on Housing After Voting to Wind Down Fannie, Freddie
Members of the Senate Banking Committee said they’d keep working to overhaul the housing finance system after casting a narrow vote to advance the bill.
After Obama Victory, How the New Government Is Shaping Up for Advisors: Updated
Some notable newcomers—Elizabeth Warren, for one—join Congress, which remains divided between the two parties as fiscal cliff, tax issues come to fore of national agenda. FPA and FSI's leaders and lobbyists weigh in on what's next.
11 Key Congressional Committees for Advisors to Worry About
As the election approaches, not just the White House and Congress are in play, but also control of congressional committees important to advisors and others in the financial services sector.
Senate Democrats: GOP Cuts to SEC Could Mean Another Madoff
Top Senate Democrats sent a letter to the leader of the House Appropriations Committee House appropriators on Tuesday criticizing Republican’s proposed cuts to the SEC, calling them “unacceptable and counterproductive.”
Schapiro Tells Senate SEC Needs Funds, CRs Hinder Work
Thursday’s hearing before the Senate Committee on Banking, Housing, and Urban Affairs put Mary Schapiro, chairman of the SEC, in the hotseat as committee members voiced their views on the need for funding, and heard her testimony regarding the proposed 2012 budget and how it would affect the agency.
Republicans and Democrats Spar Over Tax Cuts, Economy as Election Nears
As the hours dwindle down to Tuesday's election, the talk Sunday from the likes of Sen. Robert Menendez (D-N.J.) was about the economy, tax cuts and the deficit.
Next Steps for Congressional Action
As Investment Advisor went to press in mid-May, lobbyists and Congressional staffers were optimistic that the Senate would finish a vote on Senator Christopher Dodd's...
Fiduciary Amendment to Reform Bill on Tap Today in Senate; Dodd Lays Out His Case
Senators Daniel Akaka (D-Hawaii) and Robert Menendez (D-New Jersey) plan to introduce on Thursday, May 6, their amendment to Senator Chris Dodd's financial services reform bill requiring brokers to adhere to a fiduciary duty
Fiduciary Standard Back in Play in Dodd Reform Bill
A uniform fiduciary standard for all providers of advice is back on the table in the Senate.