Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
IRS Clarifies RMD Options for Surviving Spouses Under Secure 2.0
By Robert Bloink | William H. ByrnesThe agency's long-awaited RMD guidance answered some questions about new options for these beneficiaries.
August 01, 2024
Bill to Expand 403(b) Plan Menus With CITs Lands in SenateThe legislation mirrors popular parts of a broader House bill that passed the lower chamber in March.
August 01, 2024
GOP Senators Block Tax Bill With 100% Bonus DepreciationRepublican senators stopped further action Thursday on The Tax Relief for American Families and Workers Act of 2024.
August 01, 2024
Social Security Gets $509M Budget Boost in New Spending BillBut the proposed increase is "barely enough for SSA to keep up with fixed costs," says advocate Nancy Altman.
July 30, 2024
Senate to Vote on Tax Bill With 100% Bonus DepreciationThe Senate majority leader plans a Thursday vote on the Tax Relief for American Families and Workers Act.
July 22, 2024
5 Things Biden's Election Exit Means for Life and AnnuitiesKamala Harris's years as an official in California could soon have a bigger effect on what goes on in Washington.
July 18, 2024
With Secure 2.0, Saver's Credit Set for Valuable UpgradeThe direct matching contribution is expected to reach a wider group of taxpayers planning for retirement.
July 15, 2024
What The Biggest Financial Frauds Can Teach UsSchemes can happen in plain sight though conduct that's largely legal.