Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
March 12, 2024
Biden Floats $2 Co-Pay Limits on Popular Drugs Under MedicareThe caps proposed in Biden's budget would apply to blood pressure and cholesterol drugs.
March 11, 2024
Biden Floats Net Investment Income Tax Hike in New BudgetThe administration hopes to squeeze $84 billion out of trusts, and a little out of private placement life insurance.
March 11, 2024
Biden's 2025 Budget Continues Fight Against Mega RothsThe proposal might limit rollovers into Roth IRAs and require some IRA holders to take big distributions.
March 11, 2024
Biden's $7.3T Budget Sets Up Tax Fight With TrumpNew services, middle-class tax breaks and price controls would be funded by higher taxes on the wealthy and corporations.
March 11, 2024
Biden Budget Calls for Protecting Social Security, as Trump Supports CutsHigher-earning Americans should pay more in Social Security taxes, Biden says.
March 08, 2024
House Passes Accredited Investor BillThe House also passed a bill requiring the SEC to allow the electronic delivery of documents.
March 07, 2024
Accredited Investor Bill Up for House Vote FridayThe bill would "deem all of an [advisor's] natural indvidual clients to be accredited," said IAA's Neil Simon.
March 06, 2024
Curb Medicare Advantage Funding, Sen. Warren Asks CMSFollowing the preliminary bidding process, the agency plans to post the 2025 rate announcement by March 31.
March 06, 2024
Tax Court Rules on New Secure 2.0 Limits for IRA-Related PenaltiesNew time limits on penalties for excess IRA contributions and missed RMDs are not retroactive, the court ruled.
March 06, 2024
New House GOP Budget Includes Fiscal Commission to Mull Social Security CutsThe budget resolution "will be DOA in the Senate," a Social Security advocate says.