Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Biden Aims to End 'Step Up in Basis' Benefit for Estates
By Laura DavisonTax package will end an inheritor-friendly policy, bump up the top income tax rate and fund more IRS audits.
April 21, 2021
House Passes Bill Requiring SEC, CFTC Digital Assets Working GroupMeanwhile, a bill that would end mandatory arbitration in financial services has re-emerged.
April 19, 2021
RIA Group Supports Diversity Reporting BillThe bill, up for debate Tuesday, would allow agencies like the SEC to require large firms to report diversity data.
April 15, 2021
SALT-Cap Repeal Gains MomentumHouse members are forming a bipartisan group to push for a repeal of the $10,000 cap on state and local tax deductions.
April 15, 2021
Bill to Boost RMD Age to 75 Up for Vote in 'Next Few Weeks': Rep. NealThe retirement bill, dubbed the Secure Act 2.0, also increases auto-enrollment and catch-up contributions in 401(k)s.
April 15, 2021
Bill Reintroduced to Shore Up Social Security, MedicareThe TRUST Act aims to prevent a roughly 25% cut to benefits in 2032, when today's youngest retirees turn 73.
April 08, 2021
Ed Slott's Last-Minute Tax TipsOne tip: Remember that the May 17 tax filing deadline doesn't apply to first-quarter estimated tax payments.
April 07, 2021
Bill Would Boost Social Security for Some Public WorkersThe bill would establish a "new, fairer" Windfall Elimination Provision formula, Rep. Neal says.