Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Warren to Hold Hearing Next Week on Student Debt
By Melanie WaddellThis will be Warren's first hearing as chair of the Senate Banking, Housing and Urban Affairs Committee's Subcommittee on Economic Policy.
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.
March 16, 2021
GOP Bill Would Block State-Level Financial Transaction TaxesReps. McHenry and Huizenga have introduced the Protecting Retirement Savers and Everyday Investors Act.
March 16, 2021
Wells Fargo, JPMorgan and BofA Set to Distribute Stimulus Payments on WednesdayWhen the banks told customers they wouldn't receive stimulus money until this week, consumers flooded social media with complaints.
March 15, 2021
Biden Plans First Major Tax Hike Since 1993The White House has rejected the wealth tax proposed by Sen. Warren but is still targeting the wealthy in its expected suite of tax hikes.