Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Lawmakers Revive Annual Social Security Statement Bill
By Melanie WaddellThe bill clarifies the requirement for SSA to mail an annual Social Security statement to all workers 25 and older.
June 09, 2021
New Senate Retirement Bills Aim to Raise RMD Age, IRA Contribution LimitsBills give workers "more control over their own retirement savings," Sen. Kennedy said.
June 01, 2021
2 Tax Surprises Revealed in Biden's BudgetBiden's proposal to eliminate the step-up in basis at death went further than expected, Andy Friedman says.
June 01, 2021
Bill Would Allow Penalty-Free Withdrawals from 401(k)s, IRAsThe Enhancing Emergency and Retirement Savings Act of 2021 would allow one distribution per calendar year.
June 01, 2021
Biden Budget Battle Complicates Secure Act 2.0 TimingPresident Joe Biden's just-released budget could affect which parts of the retirement bill ultimately survive, attorney Brad Campbell says.
May 28, 2021
Biden Plan Fails to Address U.S. Fiscal Woes, Budget Group SaysBiden's plan would lead to "record" debts now but would improve the long-term budget outlook, according to the Committee for a Responsible Federal Budget.
May 28, 2021
Biden Budget Calls for Retroactive Capital Gains Tax HikeIt aims to roll back most Trump tax cuts to pay for spending increases on health care, climate change and other priorities.
May 25, 2021
Secure Act 2.0: What Retirement Experts Think of 4 Key ProvisionsHere's what 401(k) pioneer Ted Benna and others had to say about some major parts of the proposal.