Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Scaled-Back Stimulus Payments Would Create Tricky Tax Situation
By Melanie WaddellThe quick phase-out of the payments creates a distortion for certain families near the income limit, according to tax expert Jeffrey Levine.
March 01, 2021
Sen. Warren Introduces Wealth Tax Bill"This would essentially be an estate tax every year," tax and retirement expert Ed Slott says.
February 27, 2021
House Passes $1.9T Stimulus PackageThe House plan includes $1,400 stimulus checks to individuals earning up to $75,000, heads of household earning up to $112,500, or $150,000 per couple.
February 13, 2021
'Roaring Kitty,' Robinhood CEO to Testify at GameStop HearingHouse Financial Services Committee Chairwoman Maxine Waters says they and other industry players will testify Thursday.
February 02, 2021
Warren to Join Senate Finance Committee, Plans to Introduce Wealth Tax"Wealth tax" legislation aims to impose a two cent tax on every dollar of individual wealth over $50 million, and an extra surtax on every dollar of wealth over $1 billion.
January 25, 2021
Ways and Means Chair Wants Pension Relief in Next Stimulus Package"I'm committed to getting a solution to this crisis signed into law as quickly as possible," said Rep. Richard Neal says.
January 19, 2021
Defining 'Best Interest' Will Be a Priority for Gensler's SEC"I can't think of anyone better qualified than Gary" to lead the SEC, former Chairman Arthur Levitt tells ThinkAdvisor.
December 23, 2020
Tougher Advisor Regulation Coming in New YearStricter SEC enforcement and a revamped Reg BI are among the big changes expected under the Biden administration.