Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
What’s in the Tax Bill That Just Passed the Senate
By Alicia DiazKey provisions include a deal to raise the limit on the state and local tax deduction to $40,000 a year.
June 27, 2025
July 4 Tax Bill Deadline Isn’t the ‘End All’ Date: TrumpRepublicans remain divided over several thorny issues, including size of the SALT deduction.
June 26, 2025
9 Retirement Bills in Congress NowWhile lawmakers have floated a number of bills, "we’re not close to ready" on Secure 3.0, says Mark Iwry.
June 24, 2025
Bessent Predicts Republicans Reach SALT Truce Within 48 HoursThe state and local tax, or SALT, deduction has vexed Republicans for weeks.
June 24, 2025
Trump Amps Up Pressure on GOP Holdouts on His Massive Tax Bill"NO ONE GOES ON VACATION UNTIL IT’S DONE," the president posted.
June 24, 2025
House Passes Bill to Expand Accredited Investor DefinitionThe bill freezes the financial thresholds and allows investors with certain education or experience to be considered "accredited."
June 23, 2025
Senate Readies Tax Bill for Vote as Holdouts Threaten DelayPresident Donald Trump’s tax-and-spending agenda is nearing a climactic vote in the Senate this week.
June 20, 2025
Debate: Should Key Tax Bill Provisions Be Temporary?Several components of the working drafts in Congress are scheduled to leave the tax code after 2028.