Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
How to Calculate RMDs for Inherited IRAs
By Robert Bloink | William H. ByrnesThe penalty waivers the IRS has offered each year since 2020 for missed RMDs have created some confusion.
May 10, 2024
Tax Bill With 100% Bonus Depreciation Hits SetbackSenators' attempt to amend the measure to a must-pass aviation bill were scuttled.
May 08, 2024
Tax Bill Vote Hinges on Must-Pass Aviation BillA scramble by lawmakers to add amendments is holding up the vote, Sen. John Barrasso says.
May 07, 2024
Medicare Posts $12B Loss for 2023In 2048, the program might have to cut inpatient benefits to 81% of what was promised.
May 07, 2024
Tax Bill With 100% Bonus Depreciation Gets a Shot in SenateThe measure is being attached to a bill to reauthorize the FAA, Sen. Ron Wyden says.
April 30, 2024
Yellen and Republicans Spar Over Tax CutsThe Treasury chief says Biden wants revenue-raising measures to cover cuts in place for those earning under $400,000.
April 30, 2024
Sen. Warren Asks Insurers About Life and Annuity Sales IncentivesThe Massachusetts Democrat sent letters questioning the use of cash bonuses, incentive travel and other perks.
April 26, 2024
New Bill Halves Estate TaxThere is some bipartisan agreement that estate tax laws should make allowances for small businesses, Jeff Bush says.