Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Financial Trade Groups Blast Independent Contractor Bill
By Melanie WaddellThe PRO Act, which passed the House Tuesday, would classify independent financial advisors as employees, the groups say.
March 05, 2021
Senate Democrats Change Jobless Aid in Stimulus BillThey reduced weekly supplemental unemployment benefits but extended the length of the program.
March 04, 2021
Bipartisan Bill Bans Stock Ownership for Members of CongressCongressional members could retain their stocks if they transferred them to a blind trust.
March 04, 2021
Senate Removes Cap on Retirement Plan Contribution Limits From Stimulus BillSenate Majority Leader Chuck Schumer has offered a substitute amendment.
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.