Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Democrats Plan to Close Tax Loophole to Extend Medicare Solvency
By Erik WassonIndividuals earning over $400,000 a year could pay a 3.8% health surcharge on pass-through business income.
June 29, 2022
Democrats Weigh Paring Biden Tax Hike to Win Over ManchinThe changes could mean that wealthy households and U.S. corporations end up facing smaller tax hikes than first planned.
June 22, 2022
Second Senate Secure Act 2.0 Bill Sails Through CommitteeThe EARN Act will be combined with the RISE & SHINE Act to form the Senate's Secure Act 2.0 package.
June 21, 2022
Ed Slott: Secure Act 2.0 Must Fix the 10-Year RuleClarifying the RMD rules would "help more people than everything else combined" in the Secure 2.0 bills, he says.
June 18, 2022
Second Senate Secure Act 2.0 Bill to Be Discussed Next WeekThe Senate Finance Committee plans to consider Wednesday legislation that includes boosting the RMD age to 75.
June 17, 2022
New Bill Would Allow Rollovers From 529 Plans to Roth IRAsThe bipartisan College Savings Recovery Act would allow unused education savings to be rolled over without penalty.
June 14, 2022
Senate Panel Advances Retirement Bill as Part of Secure Act 2.0 PlanThe Rise & Shine Act has cleared the HELP Committee, bringing a Secure Act 2.0 package a step closer.
June 10, 2022
Sanders' Social Security Bill Would Extend Payroll Tax to Capital Gains for High EarnersThe Social Security Expansion Act would apply the payroll tax to all income above $250,000.