Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New Bill Would Force Vote on Acting Labor Secretary's Nomination
By Melanie WaddellThe bill would prevent Julie Su and future nominees from serving in an "acting" capacity past 210 days.
August 14, 2023
Schwab-TD Deal Unlikely to Unravel Due to Biden's Draft Merger Guideline"Unwinding mergers after the fact is exceedingly difficult," a Georgetown antitrust expert said.
August 04, 2023
New Social Security 2100 Act Would Revamp COLA, Expand Payroll TaxSocial Security advocacy groups applaud the bill for, among other measures, its new proposal for calculating COLAs.
August 02, 2023
New Bill Would Help Social Security Lump-Sum Recipients Avoid Tax HitThe bill would help SSDI recipients avoid a big tax bill when their benefits start.
August 01, 2023
U.S. Credit Rating Downgraded From AAA by FitchThe ratings group had warned that it might trim the nation's credit grade in May, when lawmakers fought over raising the nation's borrowing limit.
July 31, 2023
Social Security's Improper Payment Exchange Is Overdue, Lawmakers SayThe House Ways and Means Committee chairman says the SSA is already seven years late on implementing the program.
July 31, 2023
FPA Joins New Coalition to Back 529 Plan BillThe Tomorrow's Workforce Coalition is championing legislation that allows 529 plan funds to be used to cover the costs of maintaining professional credentials.
July 27, 2023
New Bill Allows Auto-Reenrollment in Retirement PlansPlan sponsors would be able to reenroll non-participants at least once every three years.