Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
SALT Alternative Takes Shape as Democrats Move Past Biden Plan
By Laura DavisonThe latest state and local tax deduction bill would remove today's $10,000 cap for some taxpayers and raise the limit to $60,000 for others.
February 15, 2022
Revived Bill Would Allow Annuities as Default 401(k) InvestmentThe Lifetime Income for Employees Act builds on the Secure Act, which opened the door for more annuities in retirement plans.
February 04, 2022
New Bill Creates 2 New Types of Donor-Advised Funds; Philanthropy Group BalksLawmakers say they want to ensure more of the money stored in these tax-planning vehicles is actually put to work.
February 01, 2022
Greg Valliere's Top 6 Economic, Political Predictions for 2022 and BeyondHere's what AGF Investments' chief U.S. strategist expects for inflation, tax hikes and Biden's future priorities.
January 21, 2022
New Bill Would Fund States' Efforts to Protect Older InvestorsThe Empowering States to Protect Seniors from Bad Actors Act would create a grant program run by the SEC.
January 18, 2022
Sen. Wyden Targets Scaramucci, Others in Opportunity Zone ProbeWyden worries the Opportunity Zone program "may permit wealthy investors another opportunity to avoid billions of dollars in taxes."
January 14, 2022
Sen. Warren Calls for Reforms to Social Security SSI RulesThe payments are meager and the rules around them keep some recipients trapped in poverty, Warren says.
January 05, 2022
Biden Economic Plan Remains Stuck as Manchin Reports No TalksSenator Joe Manchin said Tuesday that he wants any extension of child tax credit limited to those with earned income.