Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Manchin Spurns SALT-Cap Expansion in Economic Agenda Bill
By Laura Davison and Erik WassonThe writeoff is politically important in high-tax areas including New York, New Jersey and California.
July 21, 2022
Sanders' Tweet on Power of Vanguard, BlackRock, State Street Raises EyebrowsFinancial pros piled on after Sanders called the firms' index fund holdings "obscene." But politicians on both sides have concerns.
July 18, 2022
Defense Bill Could Help Cannabis Workers Save for RetirementThe NDAA bill includes the text of the SAFE Banking Act legislation, according to the Insured Retirement Institute.
July 18, 2022
2 Ways Secure Act 2.0 Could Help Small BusinessesA "Starter 401(k)" provision would give the smallest businesses an entry point to helping employees save for retirement.
July 15, 2022
House-Passed Defense Bill Includes AML Rule for AdvisorsThe bottom line is that anti-money laundering rules are "on the horizon for investment advisors," says the Investment Adviser Association.
July 15, 2022
Manchin Says He'll Reconsider Biden's Tax, Climate Plan in SeptemberHe's willing to consider steps to lower prescription-drug prices and extend enhanced Affordable Care Act subsidies in the meantime.
July 15, 2022
Manchin Says No to New Tax Hikes, Climate SpendingThe senator said he's only willing to support legislation to lower prescription drug prices and extend enhanced Affordable Care Act subsidies.
July 13, 2022
Secure Act 2.0: How the House and Senate Bills Compare in 5 Key AreasIan Berger of Ed Slott & Co. lays out several differences between the House-passed bill and the Senate EARN Act bill.