Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Debt-Limit Deal Clears Congress, Ending Default Threat
By Steven T. Dennis, Erik Wasson, Jarrell Dillard & Zach C. CohenThe 63-36 Senate vote on the bill was carried by moderates in both parties, many of whom aired their misgivings about parts of the deal.
June 01, 2023
House Passes Bill to Require Accredited Investor ExamUnder the bill, the SEC would devise the exam and FINRA would administer it.
May 31, 2023
Debt-Limit Deal Wins House Passage, Easing Default ConcernsLawmakers from both parties joined to approve the bill 314-117 Wednesday evening, sending the measure to the Senate.
May 31, 2023
House Passes Bill Requiring SEC to Update Small Business DefinitionThe Investment Adviser Association supports the bill, saying the current definition of a small RIA is "inexplicably" low.
May 30, 2023
House to Vote on Accredited Investor Definition Bill This WeekThe bill's sponsor says limiting private investments to people meeting certain financial thresholds is an outdated practice.
May 30, 2023
What Cuts Are in the Biden-McCarthy Debt Limit Deal?Here's what could happen to programs like Social Security and Medicare, IRS enforcement and payments on student loans.
May 28, 2023
Biden, McCarthy Forge Debt Deal in Bid to Avert DefaultThe deal would clawback funding for IRS agents and speed up some energy project environmental reviews, according to a GOP summary.
May 26, 2023
Emerging U.S. Debt Deal Would Raise Limit, Cap Spending for 2 YearsThe tentative deal would cut $10 billion from the $80 billion IRS budget increase and would upgrade the electric grid.