Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
7 Senate Budget Package Highlights for Retirement Advisors
By Allison BellNegotiators cut but left in plenty to interest retirees, pre-retirees and the financial professionals who work with them.
August 07, 2022
Senate Passes Landmark Tax, Drugs and Climate BillThe legislation aims to prevent large firms from exploiting tax breaks and to let Medicare negotiate drug prices.
August 06, 2022
Drug-Price Bill Pruned in Senate in Partial Industry WinThe bill would still allow Medicare to negotiate the prices for drugs it provides under Part B and Part D for the first time.
August 05, 2022
Wealthy Americans Escape Tax Hikes in Bill But Would Face Beefed-Up IRSTop-earners should prepare for audit levels not seen in decades, including reviews of complex financial dealings like cryptocurrencies and offshore investments.
August 05, 2022
Democrats Drop Carried Interest, Paving Way for Tax VoteBut lawmakers will add a new 1% excise tax on stock buybacks, while altering a 15% minimum tax on corporations.
August 04, 2022
Deal Reached on Tax Bill, Schumer SaysThe final version of the reconciliation bill will be introduced Saturday, Schumer said.
August 04, 2022
Debate: Will the Inflation Reduction Act Cure What Ails Us?The bill is a scaled-down version of the initial economic package. But is it too scaled down?
August 04, 2022
Schumer-Manchin Tax Bill Is in Peril: ValliereHowever, Schumer said Thursday afternoon that the Senate will vote "soon" on the Inflation Reduction Act.