Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Democrats Release Budget Enabling Biden's $3.5T Tax, Economic Plan
By Steven T. Dennis | Laura DavisonThe blueprint let Democrats raise taxes on the wealthy; it also tells lawmakers to expand the state and local tax, or SALT, deduction.
July 30, 2021
House Panel Passes Bills on Family Offices, Payment for Order FlowOrder Flow Improvement Act directs the SEC to study and consider banning or limiting the payment for order flow in the form of exchange rebates or payments from market centers to broker-dealers.
July 29, 2021
8 Retirement Planning Bills to Watch in 2021In the past three months, lawmakers have floated bills to raise the RMD age, allow penalty-free 401(k) withdrawals and more.
July 29, 2021
IRA Crackdown Talk in Congress Is All BlusterMultimillion-dollar IRAs are a growing benefit for Uncle Sam. Here's why.
July 28, 2021
'Mega-IRAs' Long Overdue for a Crackdown: Senate Finance ChairNew government data show a threefold increase in aggregate IRA account balances of $5 million of more, Sen. Ron Wyden and Rep. Richard Neal said.
July 28, 2021
New Bill Qualifies Accredited Investors by SEC ExamThe bill would allow more people with the expertise, but not the required income or wealth, to invest in private companies.
July 27, 2021
Independent Contractor Status a 'Heavy Focus' for FSI Advocacy"There's still an awful lot of work to do on this [independent contractor] issue," FSI general counsel David Bellaire said.
July 26, 2021
Financial Services Groups Still Fear Labor BillOne section could turn agents and advisors who are now independent contractors into employees.