Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Auto-IRA Provision in House Tax Bill Violates Securities Laws: ASA
By Melanie Waddell"Current securities laws prevent an employer from establishing an IRA on behalf of an individual," said American Securities Association CEO Chris Iacovella.
September 24, 2021
What the Secure Act Means for Annuities in Retirement PlansHere's how retirement plans can best choose from among the growing number of investment options that embed in-plan annuities.
September 24, 2021
VIP Views on Today's Top Planning IssuesExperts weigh in on the pandemic's impact, as well as the latest portfolio, retirement and tax issues.
September 22, 2021
New Bill Would Create Portable Retirement and Investment AccountsUnder the Portable Retirement and Investment Account Act, every American would receive an account when they get a Social Security number.
September 16, 2021
Sen. Warren Pushes Wealth Tax to Help Fund Biden PlanAs lawmakers consider tax measures, Warren also touts her plans to hike taxes on the wealthiest corporations and permanently fund the IRS.
September 15, 2021
Andy Friedman Weighs In on House Democrats' Tax Plan"To everybody's relief … we're not going to see a repeal of stepped-up basis," the political analyst and former tax lawyer says.
September 14, 2021
Warren Asks Fed to Break Up Wells Fargo After Regulatory HitIn a letter to Federal Reserve Chair Jerome Powell, Warren called on the Fed to revoke the bank's status as a financial holding company.
September 13, 2021
Ed Slott Weighs In on House Democrats' Proposed Mega-IRA CrackdownThe IRA specialist tells ThinkAdvisor what he thinks of the proposals, including eliminating "mega backdoor" Roth IRAs and raising RMDs on large accounts.