Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New Derivatives Bill Seeks to Rein in Wealthy Tax Dodgers
By Melanie WaddellThe bill would require investors using derivatives contracts to annually pay tax on gains or deduct losses.
April 16, 2026
Wyden Bill Would Wreck Existing Private Placement Life and Annuity ArrangementsHolders would have 180 days to replace the arrangements or liquidate them.
April 15, 2026
Bill Revives Plan for Surtax on MillionairesThe Millionaires Surtax Act would levy an additional 10% tax on incomes above $1 million per person.
April 15, 2026
Why Trusts Matter More Than You ThinkAsk not whether clients are "rich enough" for a trust, but whether they're prepared for the future they're building.
April 15, 2026
Ed Slott: Clients' 2025 Tax Returns Are Key to 2026 PlanningThe returns, which reflect the new tax law, are a "valuable roadmap" for future years, Slott tells ThinkAdvisor.
April 14, 2026
NJ Lawmaker Seeks to Lift SALT Cap to $80,800 for Married FilersRep. Josh Gottheimer said the upcoming fast-track spending legislation is the "perfect vehicle" to push for more deductions.
April 13, 2026
New Bill Requires IRS to Provide Call Wait TimesThe proposed legislation would also make tax returns and notices available via the agency website or mobile app.
April 09, 2026
New Bill Reverses Social Security Staff CutsThe Social Security Customer Service Act requires at least 75% of new hires to serve in customer service roles.