Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Biden Plan Fails to Address U.S. Fiscal Woes, Budget Group Says
By Melanie WaddellBiden's plan would lead to "record" debts now but would improve the long-term budget outlook, according to the Committee for a Responsible Federal Budget.
May 24, 2021
Sen. Warren Wants Mandatory Funding for the IRSThe bill would remove the agency from the appropriations process and protect it from budget cuts.
May 24, 2021
Senate Revives Bill to Raise RMD Age, Boost Income AnnuitiesThe reintroduced Retirement Security & Savings Act will likely be rolled into the Secure Act 2.0, which passed a House panel in early May.
May 20, 2021
Bill Would Allow ESG Criteria, Investments in Retirement PlansSen. Tina Smith's bill would "formally repeal" the Trump-era rule on ESG investing.
May 20, 2021
Democrats Mull Weakening Biden Tax on Capital Gains for EstatesOne idea being discussed is to allow beneficiaries to defer the tax bill on estates for as long as heirs hold the assets.
May 20, 2021
How Biden Plans to Crack Down on Wealthy Tax CheatsTreasury says $7 trillion in taxes will go uncollected in a decade if nothing is done.
May 12, 2021
DOL Withdrawal of Independent Contractor Rule Threatens Indie Advisor Business Model: FSIDOL's decision to withdraw the rule stands to increase costs for advisors and their firms, FSI's David Bellaire tells ThinkAdvisor.
May 11, 2021
Secure Act 2.0 Rules Leave Ed Slott, Advisors PuzzledWhile the bipartisan, savings-boosting bill is popular, it contains some confusing rules, they say.