Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Biden Signs Social Security Fairness Act
By Melanie WaddellThe new law repeals the Windfall Elimination Provision and Government Pension Offset, which affect some public workers.
December 31, 2024
Social Security Has Faced Peril Before. What Can We Learn?Lawmakers steered the fund away from insolvency in the 1980s by increasing revenues and raising the retirement age.
December 31, 2024
Biden Likely to Sign Social Security Fairness Act on Jan. 6Both Biden and Trump support the bill, the National Fraternal Order of Police says.
December 27, 2024
Social Security Fairness Act Calls for 2024 Back PaymentsThe bill repealing the controversial Windfall Elimination Provision and Government Pension Offset awaits President Biden's signature.
December 23, 2024
What the New $1.9T Spending Law Means for Life and Annuity LegislationThe American Relief Act contains no life insurance or annuity provisions, but it rattled the policy gameboard.
December 21, 2024
Biden Signs Anti-Shutdown Bill With Some Medicare Funding ProvisionsThe final American Relief Act excludes the Medicare plan directory and cancer blood test provisions.
December 21, 2024
Senate Passes Bill to Curb Contentious Social Security RulesThe Social Security Fairness Act, which would repeal two provisions, now goes to President Biden.
December 20, 2024
What Really Gets Shut Down When Government Spending StopsMedicare and Social Security benefits would continue, but some administrative tasks could be delayed.