Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
2021 News of the Year
By Jeff Berman, Bernice Napach, Ginger Szala and Melanie WaddellWe review the major developments affecting financial advisors — from Wall Street to Washington — over the past 12 months.
November 17, 2021
House Panel Passes Bill to Prohibit BDs, Advisors From Requiring ArbitrationThe House Financial Services Committee also passed bills to protect seniors and rein in SPAC fees.
November 17, 2021
Senate SALT Plan Would Fully Lift Cap Within Income LimitsSanders said those earning above the top limit could still claim up to $10,000, the current maximum deduction.
November 15, 2021
Senators Seek Crypto Reporting Fix as Biden Signs Infrastructure BillSome U.S. senators aim to narrow cryptocurrency tax reporting rules, which they see as overly broad and stifling to the growth of digital currencies.
November 15, 2021
Greg Valliere: Inflation Fears Could Delay Biden's Tax, Spending PlanThe policy strategist gives ThinkAdvisor his latest political predictions and discusses a crucial economic indicator that's been "eerily quiet."
November 12, 2021
SALT Cap Is Poised to Get Looser as Democrats Debate Tax ReliefHouse Democrats want to raise the cap to $80,0000, while Senate Democrats aim to phase out the deduction for those with about $400,000 or more in income.
November 10, 2021
House Panel Passes Retirement BillAmong other measures, the RISE Act creates a database of lost retirement accounts.
November 04, 2021
Tax Hikes in House Version of Biden Plan Come to Nearly $1.48T, Panel SaysIncreasing the cap on state and local tax deductions to $72,500 from $10,00 would raise about $2 billion over a decade.