Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Yes, Your Small-Business Clients Still Must File FinCEN Reports
By Robert Bloink | William H. ByrnesDespite a court ruling, the Corporate Transparency Act remains in effect for most businesses, with penalties for noncompliance.
September 17, 2024
House OKs Steeper Penalties for Leaking Tax DataThe Taxpayer Data Protection Act comes after the pilfering of data on Donald Trump and other billionaires.
September 16, 2024
IRA Rollover 'Tsunami' Worries Ex-DOL OfficialIRAs lack consumer protections and should be regulated by ERISA, Phyllis Borzi says.
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.