Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
10 Social Security Bills Introduced in 2021
By Melanie WaddellLawmakers have proposed a wide array of changes, from expanding payroll taxes to increasing benefits.
November 23, 2021
2021 News of the YearWe review the major developments affecting financial advisors — from Wall Street to Washington — over the past 12 months.
November 19, 2021
What's in the House-Passed Tax and Spending Bill Backed by BidenChanges include levies on high earners, the SALT deduction, a cap on IRAs, IRS enforcement and the childcare tax credit.
November 19, 2021
House Passes Biden's Economic Plan, With Senate Fate UncertainThe Senate is not on board with a provision lifting the $10,000 cap on federal deductions of state and local taxes to $80,000.
November 17, 2021
House Panel Passes Bill to Prohibit BDs, Advisors From Requiring ArbitrationThe House Financial Services Committee also passed bills to protect seniors and rein in SPAC fees.
November 17, 2021
Senate SALT Plan Would Fully Lift Cap Within Income LimitsSanders said those earning above the top limit could still claim up to $10,000, the current maximum deduction.
November 15, 2021
Senators Seek Crypto Reporting Fix as Biden Signs Infrastructure BillSome U.S. senators aim to narrow cryptocurrency tax reporting rules, which they see as overly broad and stifling to the growth of digital currencies.
November 15, 2021
Greg Valliere: Inflation Fears Could Delay Biden's Tax, Spending PlanThe policy strategist gives ThinkAdvisor his latest political predictions and discusses a crucial economic indicator that's been "eerily quiet."