Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
6-Month Timeline for IRS Plan to Target Tax Cheats: Yellen
By Laura DavisonNone of the funds will be used to increase enforcement tied to those earning under $400,000 a year, according to a memo.
August 12, 2022
House Sends Biden Landmark Tax, Health, Climate Bill to SignThe Inflation Reduction Act passed the House late Friday on a party line 220-207 vote.
August 12, 2022
The Inflation Reduction Act's Impact on Your Client's Bottom LineThe act, being voted on Friday, would raise taxes on some corporations, reduce drug costs and tackle climate change.
August 12, 2022
What Democrats, Republicans Think of 12 Parts of the Inflation Reduction ActPublic policy researchers found much common ground in the legislation among Americans across the political spectrum.
August 11, 2022
Lawmaker Introduces Bill to Stop SEC's ESG PlanRep. French Hill's bill states that the SEC "may not" finalize its planned "Enhancement and Standardization of Climate-Related Disclosures."
August 11, 2022
New Bill Would Boost IRA, Retirement Plan Contribution Limits for 1 YearContribution limits for 2023 would be $24,500 for workplace retirement plans and $10,000 for IRAs.
August 10, 2022
Billionaire Minimum Income Tax Act Introduced by House DemocratsHouseholds worth over $100 million would have to pay at least a 20% tax on their full income, including unrealized gains.
August 08, 2022
SALT-Expansion Dreams Die as Biden Tax Bill Heads to HouseDemocrats had threatened to tank the bill if it failed to include the valuable tax break, which largely benefits those in high-tax states like New York and California.