Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New York State Bill Could Double Annuity Income Tax Exemption for Older Residents
By Allison BellThe proposed increase would apply to taxpayers 59 1⁄2 and older.
December 27, 2024
Social Security Fairness Act Calls for 2024 Back PaymentsThe bill repealing the controversial Windfall Elimination Provision and Government Pension Offset awaits President Biden's signature.
December 23, 2024
What the New $1.9T Spending Law Means for Life and Annuity LegislationThe American Relief Act contains no life insurance or annuity provisions, but it rattled the policy gameboard.
December 21, 2024
Biden Signs Anti-Shutdown Bill With Some Medicare Funding ProvisionsThe final American Relief Act excludes the Medicare plan directory and cancer blood test provisions.
December 21, 2024
Senate Passes Bill to Curb Contentious Social Security RulesThe Social Security Fairness Act, which would repeal two provisions, now goes to President Biden.
December 20, 2024
What Really Gets Shut Down When Government Spending StopsMedicare and Social Security benefits would continue, but some administrative tasks could be delayed.
December 20, 2024
Fight Over House Anti-Shutdown Bill Affects Medicare ProvisionsWith a midnight deadline looming, the House and the Senate rushed to approve a package and send it to the president.
December 20, 2024
Senate Nears Vote on Bill to Curb Contentious Social Security RulesA vote could come as early as Friday afternoon on the House-passed Social Security Fairness Act.