Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New Bill Lets First-Time Homebuyers Tap 529 Plans
By Melanie WaddellThe Save for Success Act allows distributions from qualified tuition programs to be used for qualified housing expenses.
February 03, 2026
Congress Sends Trump $1.2T Spending Package With SEC Funding, Medicare ProvisionsThe Medicare provisions could eventually help clients use their favorite pharmacies and pay for Apple Watch devices.
February 03, 2026
New Bill Overhauls Individual Income Tax RatesThe Middle Class Tax Act would levy "a significant tax increase on high earners and capital income," said Jeff Bush.
February 02, 2026
DOGE Social Security Data Breach Puts Retirees at RiskNew court papers released by DOJ may be the tip of the iceberg, lawmakers and advocates say.
January 29, 2026
How to Help Clients Duck the 'SALT Torpedo'More affluent households can be unknowingly exposed to what planners call the state and local tax deduction trap.
January 29, 2026
No Tax on Overtime: What to Know in Filing SeasonThe IRS has released an FAQ on the deduction for qualified overtime compensation.
January 28, 2026
New Bill Allows Use of 529 Plans to Pay College Application FeesSuch fees are "an often overlooked cost that can deter first-generation applicants," said Rep. Janelle Bynum.
January 28, 2026
Retirement Policy Change in 2026? Yes, It's PossibleThe DOL, not Congress, will likely be where most of the action is, Washington watchers say.