Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Think You Can Fix the Social Security Trust Funds' Woes? Play This Game.
By John ManganaroA new interactive tool lets advisors, their clients and other individuals compare solutions to Social Security's solvency issues.
March 17, 2023
Biden Seeks Tougher Penalties on Executives of Failed BanksThe president calls for clawbacks in the case of mismanagement and asks Congress to address the regional bank failures.
March 16, 2023
Fixing Social Security Starts With a Visit to TownsvilleAn American Academy of Actuaries simulation shows users how the program's finances work.
March 15, 2023
New Bill Repeals Trump-Era Dodd-Frank RollbackThe bill, co-sponsored by Sen. Warren, would restore stress testing and liquidity requirements for midsize banks.
March 10, 2023
Biden Budget Declares War on Supersized IRAsHis plan limits the amount high earners can hold in tax-favored accounts and appears to target mega backdoor Roths.
March 10, 2023
12 Tax Changes in Biden's $7T BudgetOne shift would mean the richest taxpayers would pay a 44.6% rate on investment income and other earnings.
March 09, 2023
Biden Unveils $6.9T Budget, Sets Up Showdown With GOPThe proposal asks lawmakers to bolster the social safety net through a flurry of new taxes on the wealthy and corporations.
March 09, 2023
Nikki Haley Calls for Raising Retirement AgeHaley also suggested in a speech that benefits for wealthy retirees should be limited.