Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Manchin Says He'll Reconsider Biden's Tax, Climate Plan in September
By Laura Litvan and Erik WassonHe's willing to consider steps to lower prescription-drug prices and extend enhanced Affordable Care Act subsidies in the meantime.
July 13, 2022
Sen. Warren Floats Bill to 'Simplify' Tax FilingAmong other measures, the bill directs the IRS to develop a free, online tax preparation and filing service.
July 13, 2022
Must-Pass Defense Bill Includes AML Rule for AdvisorsThe National Defense Authorization Act includes a provision that would require advisors to adopt anti-money laundering policies.
July 12, 2022
To Save for Retirement, Workers Need an Emergency Savings SolutionAn asset management insider makes the case for the Rise & Shine Act.
July 11, 2022
Biden's Economic Plan Hits Crunch TimeHere's the status of tax, Medicare, drug pricing and other changes in the latest package, which aims to raise about $1 trillion in revenue.
July 07, 2022
Democrats Plan to Close Tax Loophole to Extend Medicare SolvencyIndividuals earning over $400,000 a year could pay a 3.8% health surcharge on pass-through business income.
July 06, 2022
New Crypto Law Would Ease Tax and Reporting HeadachesThe bill's de minimis exclusion of up to $200 per transaction would allow cryptocurrency to function more like currency.
June 30, 2022
Who Benefits From Raising the RMD Age Under Secure Act 2.0?This and increasing catch-up contributions, another EARN Act provision, would primarily help the wealthy, critics say.