Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
January 29, 2024
New Bill Repeals Social Security Tax, Raises Cap on WealthyIt would "be fully paid for by raising the cap for individuals earning more than $250,000 annually," said Rep. Yadira Caraveo.
January 29, 2024
Tax Bill With 100% Bonus Depreciation May Get House Vote This WeekIt also expands the small business expensing cap, increasing the immediate write-off to $1.29 million.
January 28, 2024
Calling Clients About Life and Annuities? There Are Laws for ThatThe penalty for a violation can range from $500 to $20,000.
January 24, 2024
Senator Probes Medicare Plan Distributors on Marketing TacticsSen. Ron Wyden, the finance chair, wants to know how much leads cost and how users vet them.
January 23, 2024
Debate: Would This HSA Expansion Bill Help Taxpayers?Legislation would increase contribution limits while also allowing employers to fund individual accounts in lieu of offering coverage.
January 22, 2024
Retirement Policy: What to Expect in 2024 and BeyondInvesco's government affairs chief expects continued work behind the scenes even as the election takes the spotlight.
January 19, 2024
House Panel Advances Tax Bill With 100% Bonus DepreciationThe bill also expands the small-business expensing cap and the Child Tax Credit.
January 18, 2024
Congress Approves Funding to Avert Government ShutdownThe short-term package gives lawmakers time to finish talks on annual funding for the fiscal year that began Oct. 1, 2023.
January 18, 2024
Bill That Could Narrow CFPB's Insurance Authority Is BackThe bill would keep the bureau from overseeing the insurance activities of persons overseen by state insurance regulators.
January 18, 2024
House Panel Advances Bill to 'Fast Track' Social Security CutsThe controversial plan to create a commission to cut spending now heads to the House floor.