Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
House Panel Crafting Bill to Limit IRA Savings
By Melanie WaddellCiting Peter Thiel's $5B Roth IRA, Ways and Means Chairman Neal tells ThinkAdvisor he's working on legislation to "stop IRAs from being exploited."
June 30, 2021
Standing Up for Advisors' Independent Contractor StatusThe PRO Act, being considered by the U.S. Senate, would impose a stringent worker classification test on indie advisors.
June 24, 2021
Secure Act 2.0 Is Popular, but Not Perfect, Retirement Experts SayA politically diverse array of retirement wonks testified in Congress about provisions they wish the bill had, or didn't have.
June 24, 2021
Lawmakers Revive Annual Social Security Statement BillThe bill clarifies the requirement for SSA to mail an annual Social Security statement to all workers 25 and older.
June 24, 2021
Biden Says He Has $559B Infrastructure DealSuccess also will hinge on whether Biden can assure progressive Democrats in the House and Senate.
June 22, 2021
5 Planning Strategies to Use if Biden Repeals Stepped-Up BasisSuch a move would reverse "a century of tax law" and have "far-reaching ramifications," says tax expert Andy Friedman.
June 09, 2021
New Senate Retirement Bills Aim to Raise RMD Age, IRA Contribution LimitsBills give workers "more control over their own retirement savings," Sen. Kennedy said.
June 01, 2021
2 Tax Surprises Revealed in Biden's BudgetBiden's proposal to eliminate the step-up in basis at death went further than expected, Andy Friedman says.