Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New GOP Bill Blocks IRS From Boosting Audits of 'Middle-Class' Taxpayers
By Melanie WaddellThe IRS would be barred from using its $80 billion budget boost to audit taxpayers earning less than $400,000.
October 04, 2022
House Bill Could Provide $250M for Grief Support EffortsOne section would provide $40 million over four years to support grief response training efforts.
October 04, 2022
Senate Democrats Vow to Protect Social Security, Press Biden to Fill Commissioner SeatThe Social Security Administration has been without permanent leadership for more than a year.
September 30, 2022
U.S. Averts Government Shutdown as House Passes Short-Term Funding BillBut Republican opposition means potential turmoil when the legislation expires Dec. 16.
September 29, 2022
New Retirement Bill Would Allow Alts in 401(k)sThe Retirement Savings Modernization Act will broaden access to the types of investments found in pensions, Republicans say.
September 28, 2022
New Bill Would Raise I Bond Purchase CapThe Savings Security Act of 2022 would raise the annual purchase limit when inflation tops 3.5%.
September 23, 2022
Senate EARN Act Retirement Bill Includes a Catch-Up Contribution TwistTaxpayers with incomes below $100,000 would be allowed to make catch-up contributions either before or after tax.
September 22, 2022
New GOP Bill Seeks to Make 2017 Tax Cuts PermanentWithout congressional action, 23 provisions of the 2017 Republican tax law are set to expire after 2025.