Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
House Adopts $3.5T Budget Blueprint Backed by Biden
By Billy House and Erik WassonThe budget resolution sets a Sept. 15 deadline for the congressional committees drafting the tax and spending legislation.
August 18, 2021
Retirement Bill Is 'Fatally Flawed,' Kitces' XY Planning Tells LawmakersThe Retirement Security and Savings Act would allow steering of plan participants into higher-cost proprietary investments, Kitces said.
August 13, 2021
New Bill Creates Medicare Part E, Open to AllMedicare Part E would be available to every individual who is not already eligible for Medicare or Medicaid.
August 12, 2021
The Senate Passed a Tax and Infrastructure Bill. Here's What Comes Next.Senate Majority Leader Chuck Schumer pledges to push ahead with Biden's agenda. Where will the final bill land?
August 11, 2021
New Bill Seeks to Reauthorize, Modernize and Fund Elder Justice ActThe law was "unfortunately left to languish without proper funding or implementation," Sen. Wyden said.
August 11, 2021
Gensler to Sen. Warren: SEC Needs More Authority to Regulate CryptoRegulators "would benefit from additional plenary authority to write rules for and attach guardrails to crypto trading and lending," Gensler says.
August 10, 2021
Senate Passes $550B Infrastructure Plan in Win for BidenThe Senate, though, didn't get full consent for the approval of a bipartisan effort to replace a broad cryptocurrency tax reporting provision with a more narrowly targeted measure.
August 09, 2021
Democrats Release Budget Enabling Biden's $3.5T Tax, Economic PlanThe blueprint let Democrats raise taxes on the wealthy; it also tells lawmakers to expand the state and local tax, or SALT, deduction.