Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Bill Could Throw HSA Money to the Dogs (and Cats)
By Allison BellTwo lawmakers hope to classify some pet care spending as amounts paid for medical care.
September 13, 2024
New Bill Creates $25,000 Tax Deduction for SeniorsThe Seniors in the Workforce Tax Relief Act establishes an above-the-line deduction for 2024 through 2028.
September 10, 2024
New Bill Ends Tax on Social Security Benefits, but There's a CatchThe bill could put benefits at risk of future cuts, Social Security advocates warn.
September 09, 2024
New House Bill Could Create Roth-Like HSA AlternativeThe HOPE Act would provide some tax breaks for savers who don't use high-deductible health plans.
September 06, 2024
Repealing DOL Fiduciary Rule Would Increase Investor Fees: CBOThe Congressional Budget Office examined the financial impact of a bill that would terminate the new rule.
September 05, 2024
Here's How Big Social Security Cuts Could Be Without ReformsA research group has put a dollar amount on the expected reduction per couple if Congress doesn't act.
August 29, 2024
Auto-Enrollment Alone Can't Fix Retirement Shortfalls: ResearchAutomatic enrollment and escalation show promise, but a new analysis details their limits.
August 26, 2024
New Bill Sets 3-Year Time Limit on Social Security ClawbacksThe Protecting Americans from Social Security Clawbacks Act limits the SSA's timeline for recovering benefit overpayments.