Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Biden Adds New Tax on Wealthy to $5.8T Budget
By Justin Sink and Erik WassonThe plan calls for a minimum 20% tax rate on income, unrealized capital gains of those worth $100 million as part of $2.5 trillion in tax hikes.
March 25, 2022
Bill Raising RMD Age to Get House Vote TuesdayThe Securing a Strong Retirement Act of 2022, or Secure Act 2.0, aims to raise the required distrubution age and institute other changes.
March 23, 2022
5 Retirement Issues Likely Top of Mind at Senate Hearing: IRIThe Insured Retirement Institute highlights topics that are part of bills now in play and set to be discussed on March 29.
March 22, 2022
6 New Long-Term Care Insurance Bills in Play NowLTC insurers paid out $12.3 billion in claims in '21 — a big jump from prior years, according to the American Association for Long-Term Care Insurance.
March 14, 2022
Where Did $6T in Covid Funding Go?As Congress doled out relief funds, crooks and con men lined up to get their share via fake companies and employees, stolen identities and other tactics.
March 14, 2022
10 Top Retirement Bills Introduced in 2022They affect retirement benefits for part-timers and COVID-19 emergency service workers and would tweak Social Security.
March 08, 2022
Lobbyists Expect Major Retirement Legislation to Pass in 2022There's a push from leaders in the House and Senate to get Secure Act 2.0 passed this year.
March 08, 2022
Lawmakers Want to Block Spouses From Emptying 401(k)sHouse members are drafting a bill that could change defined contribution plan asset withdrawal rules.