Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New Bill Sets 3-Year Time Limit on Social Security Clawbacks
By Melanie WaddellThe Protecting Americans from Social Security Clawbacks Act limits the SSA's timeline for recovering benefit overpayments.
August 12, 2024
Budget Deficit Hits $1.5T as Fiscal Year Nears EndInterest costs in the first 10 months of the fiscal year totalled $956 billion, up 32% from 2023.
August 12, 2024
House Bill Could Create an Unlimited LTCI Premium DeductionTo fund this tax reform, the bill would repeal some tax incentives tied to less polluting, more efficient energy use.
August 09, 2024
New Bill Extends 401(k) Access to Workers Under 21The Helping Young Americans Save for Retirement Act would require plans to be open to workers 18 and older.
August 08, 2024
IRS Clarifies RMD Options for Surviving Spouses Under Secure 2.0The agency's long-awaited RMD guidance answered some questions about new options for these beneficiaries.
August 05, 2024
New Social Security Bill Phases Out Payroll Tax CapHigh earners would get bigger benefits in exchange for paying FICA taxes on all their wages.
August 04, 2024
4 Ways to Help Clients With Digital AssetsClients are increasingly looking to financial advisors to safeguard these assets and add them to estate plans.
August 01, 2024
Bill to Expand 403(b) Plan Menus With CITs Lands in SenateThe legislation mirrors popular parts of a broader House bill that passed the lower chamber in March.