Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
New Bill Would Create Portable Retirement and Investment Accounts
By Melanie WaddellUnder the Portable Retirement and Investment Account Act, every American would receive an account when they get a Social Security number.
September 14, 2021
Warren Asks Fed to Break Up Wells Fargo After Regulatory HitIn a letter to Federal Reserve Chair Jerome Powell, Warren called on the Fed to revoke the bank's status as a financial holding company.
September 13, 2021
Ed Slott Weighs In on House Democrats' Proposed Mega-IRA CrackdownThe IRA specialist tells ThinkAdvisor what he thinks of the proposals, including eliminating "mega backdoor" Roth IRAs and raising RMDs on large accounts.
September 13, 2021
House Panel to Vote on Backdoor Roth IRA Curbs, RMD Hike for WealthyThe panel also plans to vote this week on increasing the corporate and capital gains tax rates.
September 09, 2021
Auto-IRA Bill Passes House PanelThe bill requires some employers without a retirement plan to automatically enroll workers in IRAs or 401(k)-type plans.
September 09, 2021
SALT Cap Confounds House Democrats Crafting Taxes for Biden PlanThe nonpartisan Joint Committee on Taxation has estimated that repealing the SALT cap would cut taxes for more than 13 million people.
September 08, 2021
Battle Over Tax Hikes, Spending Bill Is Heating UpSen. Joe Manchin and other moderate Democrats will likely demand a pared-down tax plan, setting up weeks of debate.
September 07, 2021
Auto-IRA Bill Up for Vote This WeekHouse Ways and Means will also consider a bill adding dental, hearing and vision benefits to Medicare, Rep. Neal says.