Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Ed Slott: Secure 2.0 Left Lots of Unanswered Questions
By Melanie WaddellAdvisors "will need to exercise caution with any interpretations" until Congress or the IRS provides answers, Slott says.
March 15, 2023
New Bill Repeals Trump-Era Dodd-Frank RollbackThe bill, co-sponsored by Sen. Warren, would restore stress testing and liquidity requirements for midsize banks.
March 10, 2023
Biden Budget Declares War on Supersized IRAsHis plan limits the amount high earners can hold in tax-favored accounts and appears to target mega backdoor Roths.
March 10, 2023
12 Tax Changes in Biden's $7T BudgetOne shift would mean the richest taxpayers would pay a 44.6% rate on investment income and other earnings.
March 09, 2023
Biden Unveils $6.9T Budget, Sets Up Showdown With GOPThe proposal asks lawmakers to bolster the social safety net through a flurry of new taxes on the wealthy and corporations.
March 09, 2023
Nikki Haley Calls for Raising Retirement AgeHaley also suggested in a speech that benefits for wealthy retirees should be limited.
March 09, 2023
Biden to Push for 25% Billionaire Tax, Capital Gains Hike on RichThe proposal would nearly double the long-term capital gains rate for investors earning $1 million or more.
March 07, 2023
New Bill Would Change Social Security Claiming Age TerminologyAlso, future Social Security beneficiaries would receive more statements in the mail.