Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Must-Pass Defense Bill Includes AML Rule for Advisors
By Melanie WaddellThe National Defense Authorization Act includes a provision that would require advisors to adopt anti-money laundering policies.
July 07, 2022
Democrats Plan to Close Tax Loophole to Extend Medicare SolvencyIndividuals earning over $400,000 a year could pay a 3.8% health surcharge on pass-through business income.
July 06, 2022
New Crypto Law Would Ease Tax and Reporting HeadachesThe bill's de minimis exclusion of up to $200 per transaction would allow cryptocurrency to function more like currency.
June 30, 2022
Who Benefits From Raising the RMD Age Under Secure Act 2.0?This and increasing catch-up contributions, another EARN Act provision, would primarily help the wealthy, critics say.
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.