Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Lawmaker Introduces Bill to Stop SEC's ESG Plan
By Melanie WaddellRep. French Hill's bill states that the SEC "may not" finalize its planned "Enhancement and Standardization of Climate-Related Disclosures."
August 08, 2022
SALT-Expansion Dreams Die as Biden Tax Bill Heads to HouseDemocrats had threatened to tank the bill if it failed to include the valuable tax break, which largely benefits those in high-tax states like New York and California.
August 08, 2022
7 Senate Budget Package Highlights for Retirement AdvisorsNegotiators cut but left in plenty to interest retirees, pre-retirees and the financial professionals who work with them.
August 08, 2022
2 Ways the Inflation Reduction Act Hits the WealthyTaxpayers earning over $400,000 will likely face more audits, according to Jeff Bush of The Washington Update.
August 07, 2022
Winners and Losers in Democrats' Signature Tax and Energy BillHere's a look at which groups and politicians come out on top and who takes a hit from the landmark bill, which now moves to the House.
August 07, 2022
Senate Passes Landmark Tax, Drugs and Climate BillThe legislation aims to prevent large firms from exploiting tax breaks and to let Medicare negotiate drug prices.
August 06, 2022
Drug-Price Bill Pruned in Senate in Partial Industry WinThe bill would still allow Medicare to negotiate the prices for drugs it provides under Part B and Part D for the first time.
August 05, 2022
Wealthy Americans Escape Tax Hikes in Bill But Would Face Beefed-Up IRSTop-earners should prepare for audit levels not seen in decades, including reviews of complex financial dealings like cryptocurrencies and offshore investments.