Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Senate Passes Landmark Tax, Drugs and Climate Bill
By Erik Wasson, Steven T. Dennis and Laura DavisonThe legislation aims to prevent large firms from exploiting tax breaks and to let Medicare negotiate drug prices.
August 05, 2022
Democrats Drop Carried Interest, Paving Way for Tax VoteBut lawmakers will add a new 1% excise tax on stock buybacks, while altering a 15% minimum tax on corporations.
August 04, 2022
Deal Reached on Tax Bill, Schumer SaysThe final version of the reconciliation bill will be introduced Saturday, Schumer said.
August 04, 2022
Debate: Will the Inflation Reduction Act Cure What Ails Us?The bill is a scaled-down version of the initial economic package. But is it too scaled down?
August 04, 2022
Schumer-Manchin Tax Bill Is in Peril: ValliereHowever, Schumer said Thursday afternoon that the Senate will vote "soon" on the Inflation Reduction Act.
August 02, 2022
Lawmakers Renew Push for Social Security 2100 Bill PassageRep. John Larson says markup and a vote on the bill could come after the August recess.
August 01, 2022
Manchin-Schumer Deal Has a New HurdlePrivate equity firms are pushing to strike language that suggests carried interest be taxed at a higher rate.
July 28, 2022
House Financial Services Committee OKs Annuity BillH.R. 4865 could create a simpler registration process for registered index-linked annuities.