Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
TRUST Act Could Lead to Wide Social Security Benefit Cuts
By Max RichtmanSimply put, the TRUST Act is a way to cut benefits while leaving few fingerprints from individual members of Congress.
April 15, 2021
SALT-Cap Repeal Gains MomentumHouse members are forming a bipartisan group to push for a repeal of the $10,000 cap on state and local tax deductions.
April 15, 2021
Bill to Boost RMD Age to 75 Up for Vote in 'Next Few Weeks': Rep. NealThe retirement bill, dubbed the Secure Act 2.0, also increases auto-enrollment and catch-up contributions in 401(k)s.
April 15, 2021
Bill Reintroduced to Shore Up Social Security, MedicareThe TRUST Act aims to prevent a roughly 25% cut to benefits in 2032, when today's youngest retirees turn 73.
April 08, 2021
Ed Slott's Last-Minute Tax TipsOne tip: Remember that the May 17 tax filing deadline doesn't apply to first-quarter estimated tax payments.
April 07, 2021
Bill Would Boost Social Security for Some Public WorkersThe bill would establish a "new, fairer" Windfall Elimination Provision formula, Rep. Neal says.
April 05, 2021
Warren to Hold Hearing Next Week on Student DebtThis will be Warren's first hearing as chair of the Senate Banking, Housing and Urban Affairs Committee's Subcommittee on Economic Policy.
March 30, 2021
Biden Signs Bill Extending PPP Loan Application Deadline"We're pushing lenders to raise their game and provide more help" to small businesses, Biden said.