Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
House Budget Chair Lays Out Next Steps for Tax, Spending Bill
By Melanie WaddellThe House plans to vote next week on the Senate-passed budget resolution.
August 12, 2021
The Senate Passed a Tax and Infrastructure Bill. Here's What Comes Next.Senate Majority Leader Chuck Schumer pledges to push ahead with Biden's agenda. Where will the final bill land?
August 11, 2021
New Bill Seeks to Reauthorize, Modernize and Fund Elder Justice ActThe law was "unfortunately left to languish without proper funding or implementation," Sen. Wyden said.
August 11, 2021
Gensler to Sen. Warren: SEC Needs More Authority to Regulate CryptoRegulators "would benefit from additional plenary authority to write rules for and attach guardrails to crypto trading and lending," Gensler says.
August 10, 2021
Senate Passes $550B Infrastructure Plan in Win for BidenThe Senate, though, didn't get full consent for the approval of a bipartisan effort to replace a broad cryptocurrency tax reporting provision with a more narrowly targeted measure.
August 09, 2021
Democrats Release Budget Enabling Biden's $3.5T Tax, Economic PlanThe blueprint let Democrats raise taxes on the wealthy; it also tells lawmakers to expand the state and local tax, or SALT, deduction.
August 05, 2021
New Bill Closes 'Entire' Carried Interest Tax LoopholeWyden's bill would end the recharacterization of income to lower-taxed investment income and the deferral of tax payments.
August 02, 2021
The Winners and Losers in the $550B Bipartisan Infrastructure BillHere's how cryptocurrency industry, commodity firms, internet providers, drugmakers and others are likely to fare.