Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Washington State Adopts Millionaires' Tax
By Melanie WaddellThe 9.9% tax on income over $1 million starts in 2028.
March 03, 2026
New Bill Waives Spousal Consent Rule for Abuse Survivors in Federal Retirement PlanUnder current law, retiring federal employees need written consent from their spouse or ex-spouse to change distributions.
February 18, 2026
New Bill Would Make $6,000 Senior Deduction PermanentThe tax break, part of the One Big Beautiful Bill Act, expires in 2028.
February 13, 2026
Think You Can Fix Social Security? It's Gotten Harder.A tool that lets users try their hand at Social Security reform has been updated, and the numbers aren't pretty.
February 12, 2026
Aging Boomers to Put Pressure on Social Security: CBOParticipation in federal programs is projected to continue growing faster than the overall population, a report finds.
February 10, 2026
BofA Rep Fired for Expensing $6,000 in Meals Takes FINRA HitThe rep, suspended for nine months, charged BofA for food while working from home, FINRA states.
February 10, 2026
House Passes Bill That Could Help Annuity Issuers Fend Off FedA key financial stability council would have to listen to an insurer before changing its regulator.
February 09, 2026
New Bill Lets First-Time Homebuyers Tap 529 PlansThe Save for Success Act allows distributions from qualified tuition programs to be used for qualified housing expenses.