Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Social Security Retirement Fund on Track to Go Bust in 2033: Trustees Report
By John ManganaroAllowing the programs to become insolvent could lead to reductions in benefits, The Senior Citizens League says.
March 28, 2023
Think You Can Fix the Social Security Trust Funds' Woes? Play This Game.A new interactive tool lets advisors, their clients and other individuals compare solutions to Social Security's solvency issues.
March 28, 2023
New Bill Would Raise Social Security Earnings LimitThe proposed reform would let retirees earn more by working without seeing reductions in their Social Security benefits.
March 21, 2023
Ed Slott: Secure 2.0 Left Lots of Unanswered QuestionsAdvisors "will need to exercise caution with any interpretations" until Congress or the IRS provides answers, Slott says.
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.