Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Lawmakers Float PPP Loan Application Deadline Extension
By Melanie WaddellPPP loan application deadline would be extended from March 31 to May 31.
March 10, 2021
Financial Trade Groups Blast Independent Contractor BillThe PRO Act, which passed the House Tuesday, would classify independent financial advisors as employees, the groups say.
March 08, 2021
Here's What's in the Senate's $1.9T Relief PackageMore than 85% of American households will get direct payments of $1,400 per person, Biden said.
March 06, 2021
Senate Passes $1.9T Relief Package After Marathon VotesThe bill will send $1,400 payments to individuals earning less than $75,000 and couples earning less than $150,000 based on either 2019 or 2020 tax returns.
March 05, 2021
Senate Democrats Change Jobless Aid in Stimulus BillThey reduced weekly supplemental unemployment benefits but extended the length of the program.
March 04, 2021
Bipartisan Bill Bans Stock Ownership for Members of CongressCongressional members could retain their stocks if they transferred them to a blind trust.
March 04, 2021
Senate Removes Cap on Retirement Plan Contribution Limits From Stimulus BillSenate Majority Leader Chuck Schumer has offered a substitute amendment.
March 04, 2021
Scaled-Back Stimulus Payments Would Create Tricky Tax SituationThe quick phase-out of the payments creates a distortion for certain families near the income limit, according to tax expert Jeffrey Levine.