Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Debate: Should Crypto Exchanges Be Required to Report on Customers to the IRS?
By Robert Bloink | William H. ByrnesTwo professors discuss the increased reporting requirements on cryptocurrency "brokers" and recipients under the new infrastructure law.
December 14, 2021
10 HSA Bills Introduced in 2021Sen. Marco Rubio, R-Fla., has proposed a sweeping overhaul of HSAs with his Health Savings Act of 2021.
December 14, 2021
Biden Moves to Improve Social Security ClaimingHis executive order also requires the IRS to return calls to taxpayers and Medicare to set up a portal so recipients can find more ways to save money.
December 13, 2021
Latest Senate Spending Plan Includes $1.5T in Tax HikesThe measure doesn't include any expansion of the state and local tax, or SALT, deduction, despite weeks of negotiations.
December 09, 2021
6 Long-Term Care Bills Introduced in 2021One measure would allow tax-exempt retirement plan distributions to be used to pay for long-term health care insurance.
December 09, 2021
Inflation Near 40-Year High Shocks Americans, Spooks WashingtonAlready-hot inflation is forecast to climb to 6.8%. That would be the highest rate since Ronald Reagan was president.
December 09, 2021
Jeffrey Levine: Top 10 End-of-Year Tax Planning TipsThe financial planning expert weighs in on SALT deductions, Roth conversions, crypto investing and one of his favorite movies.
December 09, 2021
MIT's Lo Predicts the Future of FinanceLo explains what regulators are doing to avoid another devastating financial crisis and his research on systemic risk.