Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Senate Plans to Deliver Trump-Backed Tax Breaks on Tips, Overtime
By Cam Kettles and Steven T. DennisA House Republican warned senators earlier Tuesday that those breaks were a must-have for the final tax bill.
June 06, 2025
Debate: Does Auto Loan Interest Warrant a Tax Deduction?The Trump administration has proposed an above-the-line deduction of up to $10,000 per year.
June 06, 2025
GOP Blocks Bill to Check Social Security Network for DOGE DamageThe bill calls for an audit to look for security vulnerabilities, software bugs and potential privacy law violations.
June 05, 2025
Accredited Investor Qualification Bill ReemergesThe bill would update the list of certifications that would give an investor wider access to private investments.
June 05, 2025
Senators Eye Medicare Cuts to Pay for Trump Tax BillSome are looking to trim payments to health insurers that run Medicare Advantage plans.
June 04, 2025
Republican Tax Bill Adds $2.4T to Deficits: CBOThe figure reflects a $3.67 trillion drop in expected revenues and a $1.25 trillion decline in spending through 2034.
June 04, 2025
Bill Advancing in Congress Creates Senior Fraud Task Force at SECThe Senior Security Act passed the House Financial Services Committee and would help strengthen protections against financial predators.
June 04, 2025
House SALT Deal Will Have to Change, Senate Leader SaysSen. John Thune believes the $40,000 maximum deduction is not acceptable to his chamber.