Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New Retirement Bill Stops Spouses From Emptying 401(k)s
By Melanie WaddellThe Women's Retirement Protection Act of 2023 sets up spousal protections for 401(k)s, among other provisions.
August 02, 2023
New Bill Would Help Social Security Lump-Sum Recipients Avoid Tax HitThe bill would help SSDI recipients avoid a big tax bill when their benefits start.
August 01, 2023
U.S. Credit Rating Downgraded From AAA by FitchThe ratings group had warned that it might trim the nation's credit grade in May, when lawmakers fought over raising the nation's borrowing limit.
July 31, 2023
Social Security's Improper Payment Exchange Is Overdue, Lawmakers SayThe House Ways and Means Committee chairman says the SSA is already seven years late on implementing the program.
July 31, 2023
FPA Joins New Coalition to Back 529 Plan BillThe Tomorrow's Workforce Coalition is championing legislation that allows 529 plan funds to be used to cover the costs of maintaining professional credentials.
July 27, 2023
New Bill Allows Auto-Reenrollment in Retirement PlansPlan sponsors would be able to reenroll non-participants at least once every three years.
July 25, 2023
GOP Spending Bill Keeps DOL Indie Contractor Rule AliveBill includes the Independent Contractor rider, which "would require that no funds be used to block" the Trump-era rule, along with a new DOL rule.
July 25, 2023
Medicare Advantage Plans Face More Budget PressureA group says Congress could save that by correcting enrollee health scores.