Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Deal Reached on Tax Bill, Schumer Says
By Melanie WaddellThe final version of the reconciliation bill will be introduced Saturday, Schumer said.
August 02, 2022
Lawmakers Renew Push for Social Security 2100 Bill PassageRep. John Larson says markup and a vote on the bill could come after the August recess.
August 01, 2022
Manchin-Schumer Deal Has a New HurdlePrivate equity firms are pushing to strike language that suggests carried interest be taxed at a higher rate.
July 28, 2022
House Financial Services Committee OKs Annuity BillH.R. 4865 could create a simpler registration process for registered index-linked annuities.
July 28, 2022
3 Senators Challenge Fidelity's 'Immensely Troubling' 401(k) Bitcoin PlanBitcoin fans say the senators are on the wrong side of history.
July 28, 2022
Rich Wall Streeters Face Shock Tax Hike While Rest of Wealthy EscapeSenator Joe Manchin supports ending the carried interest tax break and increasing IRS audits but has rejected raising the $10,000 SALT deduction.
July 28, 2022
New Tax Deal Is a Bill the Markets 'Can Live With': Valliere"No one in Washington — including us — saw this coming," said Greg Valliere, chief U.S. Policy Strategist for AGF Investments.
July 28, 2022
Manchin Spurns SALT-Cap Expansion in Economic Agenda BillThe writeoff is politically important in high-tax areas including New York, New Jersey and California.