Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Senate Democrats Change Jobless Aid in Stimulus Bill
By Erik Wasson and Jennifer JacobsThey reduced weekly supplemental unemployment benefits but extended the length of the program.
March 04, 2021
Scaled-Back Stimulus Payments Would Create Tricky Tax SituationThe quick phase-out of the payments creates a distortion for certain families near the income limit, according to tax expert Jeffrey Levine.
March 03, 2021
Stimulus Bill Freezes Retirement Plan Contribution LimitsThe freeze, which would take effect in 2031, is a "budget gimmick," retirement plan lobbyist Brian Graff says.
March 01, 2021
Sen. Warren's Wealth Tax Plan Is 'Nuts': Jane Bryant QuinnThe longtime financial journalist tells ThinkAdvisor the plan is "hopeless" and discusses other ways to tax the ultra-wealthy.
March 01, 2021
Sen. Warren Introduces Wealth Tax Bill"This would essentially be an estate tax every year," tax and retirement expert Ed Slott says.
February 27, 2021
House Passes $1.9T Stimulus PackageThe House plan includes $1,400 stimulus checks to individuals earning up to $75,000, heads of household earning up to $112,500, or $150,000 per couple.
February 13, 2021
'Roaring Kitty,' Robinhood CEO to Testify at GameStop HearingHouse Financial Services Committee Chairwoman Maxine Waters says they and other industry players will testify Thursday.
February 02, 2021
Warren to Join Senate Finance Committee, Plans to Introduce Wealth Tax"Wealth tax" legislation aims to impose a two cent tax on every dollar of individual wealth over $50 million, and an extra surtax on every dollar of wealth over $1 billion.