Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
IRS Tackles Inflation Reduction Act Share Buyback Rules
By Allison BellThe agency is also asking about how to implement IRA corporate alternative minimum tax rules.
December 26, 2022
Secure 2.0 Act Still Leaves Holes in Retirement PlanningAlternative legistlation, known as the Retirement Savings for Americans Act of 2022 (RSSA), would have been the better investment.
December 23, 2022
House Passes Secure 2.0 Act in $1.7T Spending BillThe House passed by a 225-201 vote Friday afternoon the omnibus spending bill, which includes the sweeping retirement package.
December 22, 2022
Senate Passes Secure 2.0 Act in Spending BillThe House is expected to pass the bill this week.
December 22, 2022
12 Life and Annuity Changes in $1.7T Spending BillThe bill has several provisions to make it easier to annuitize workplace retirement plan assets.
December 21, 2022
Rep. Neal Highlights 2 Important Parts of 'Historic' Secure 2.0 Act"We're on the eve, I hope, of passing very important legislation in the retirement space," he said.
December 21, 2022
Private Jet Costs, Sketchy Deductions Among Red Flags in Trump TaxesHis returns include $126.5 million in write-offs over five years tied to sales from an entity that didn't appear to be selling anything.
December 20, 2022
House Panel Votes to Release Trump's Tax Returns to the PublicThe vote caps a three-year legal saga initiated by Democrats to obtain and release the documents.