Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
House-Passed Defense Bill Includes AML Rule for Advisors
By Melanie WaddellThe bottom line is that anti-money laundering rules are "on the horizon for investment advisors," says the Investment Adviser Association.
July 13, 2022
Secure Act 2.0: How the House and Senate Bills Compare in 5 Key AreasIan Berger of Ed Slott & Co. lays out several differences between the House-passed bill and the Senate EARN Act bill.
July 13, 2022
Sen. Warren Floats Bill to 'Simplify' Tax FilingAmong other measures, the bill directs the IRS to develop a free, online tax preparation and filing service.
July 13, 2022
Must-Pass Defense Bill Includes AML Rule for AdvisorsThe National Defense Authorization Act includes a provision that would require advisors to adopt anti-money laundering policies.
July 12, 2022
To Save for Retirement, Workers Need an Emergency Savings SolutionAn asset management insider makes the case for the Rise & Shine Act.
July 11, 2022
Biden's Economic Plan Hits Crunch TimeHere's the status of tax, Medicare, drug pricing and other changes in the latest package, which aims to raise about $1 trillion in revenue.
July 07, 2022
Democrats Plan to Close Tax Loophole to Extend Medicare SolvencyIndividuals earning over $400,000 a year could pay a 3.8% health surcharge on pass-through business income.
July 06, 2022
New Crypto Law Would Ease Tax and Reporting HeadachesThe bill's de minimis exclusion of up to $200 per transaction would allow cryptocurrency to function more like currency.