Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Bill Reintroduced to Shore Up Social Security, Medicare
By Melanie WaddellThe TRUST Act aims to prevent a roughly 25% cut to benefits in 2032, when today's youngest retirees turn 73.
April 05, 2021
Warren to Hold Hearing Next Week on Student DebtThis will be Warren's first hearing as chair of the Senate Banking, Housing and Urban Affairs Committee's Subcommittee on Economic Policy.
March 30, 2021
Biden Signs Bill Extending PPP Loan Application Deadline"We're pushing lenders to raise their game and provide more help" to small businesses, Biden said.
March 25, 2021
Senate Passes PPP Loan Application Extension BillThe PPP loan application deadline will be extended from March 31 to May 31 when Biden signs the bill.
March 24, 2021
House, Senate Panels Plan Hearings on Wealthy Tax CheatsMillionaires owe the IRS more than $2.4 billion in unpaid taxes, according to a recent report from a Treasury watchdog.
March 24, 2021
Biden's Tax, Infrastructure Plans: What to ExpectAs Biden's $3 trillion infrastructure and economic packages come into focus, here's how he will likely try to finance them. But will Congress approve?
March 19, 2021
Senators Revive Financial Transaction Tax BillThe bill, reintroduced Thursday, is intended to reduce risky trading.
March 17, 2021
House OKs PPP Loan Application Deadline ExtensionThe bill would also provide an additional 30 days for the Small Business Administration to process loans.