Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Ed Slott: Secure Act 2.0 Reduces 'Draconian' RMD Penalty, Broadens Roths
By Melanie WaddellThe sweeping retirement bill passed in the House Tuesday and is expected to be taken up in the Senate soon.
March 28, 2022
Biden Adds New Tax on Wealthy to $5.8T BudgetThe plan calls for a minimum 20% tax rate on income, unrealized capital gains of those worth $100 million as part of $2.5 trillion in tax hikes.
March 25, 2022
Bernie Sanders Floats 95% Corporate Tax Targeting JPMorgan, ChevronThe higher tax rate would target corporate earnings that are above pre-pandemic levels.
March 25, 2022
Debate: Should Retirement Reenrollment Be Made Automatic?The Auto Reenroll Act of 2022 would require workers to reevaluate their decision to opt out of some plans every three years.
March 25, 2022
Bill Raising RMD Age to Get House Vote TuesdayThe Securing a Strong Retirement Act of 2022, or Secure Act 2.0, aims to raise the required distrubution age and institute other changes.
March 23, 2022
5 Retirement Issues Likely Top of Mind at Senate Hearing: IRIThe Insured Retirement Institute highlights topics that are part of bills now in play and set to be discussed on March 29.
March 22, 2022
6 New Long-Term Care Insurance Bills in Play NowLTC insurers paid out $12.3 billion in claims in '21 — a big jump from prior years, according to the American Association for Long-Term Care Insurance.
March 14, 2022
Where Did $6T in Covid Funding Go?As Congress doled out relief funds, crooks and con men lined up to get their share via fake companies and employees, stolen identities and other tactics.