Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
October 26, 2021
House Introduces Social Security 2100 Bill to Expand Payroll TaxThe bill adopts CPI-E as the basis of the annual COLA and applies the payroll tax to wages above $400,000.
October 26, 2021
Democrats Target 'Buy, Borrow, Die' With Their Billionaire Tax PlanMore than $5 trillion is held by over 800 Americans worth at least $1 billion, according to the Bloomberg Billionaires Index.
October 25, 2021
Democrats Draw Up Billionaire-Tax Plan as Corporate Hike FadesSenate Finance Committee Chair Ron Wyden plans to unveil a new tax on the unrealized capital gains of the ultra wealthy this week.
October 21, 2021
Estate, Capital Gains Tax Changes Likely to Stay in Spending Bill: Schwab's TownsendBut some retirement provisions could get chopped, Schwab's man in Washington says.
October 20, 2021
House Debut of Sweeping Social Security 2100 Bill Is DelayedRep. John Larson was to introduce the legislation Wednesday morning with other lawmakers.
October 18, 2021
Bill to Change Social Security COLA, Expand Payroll Tax ComingThe bill would tie Social Security COLAs to the CPI for the Elderly, increase benefits and merge the old-age and disability funds.
October 15, 2021
New Social Security 2100 Bill to Expand Payroll Tax Coming Next WeekThe bill is expected to increase benefits across the board and change the way Social Security COLAs are calculated.
October 06, 2021
Auto-IRA Provision in House Tax Bill Violates Securities Laws: ASA"Current securities laws prevent an employer from establishing an IRA on behalf of an individual," said American Securities Association CEO Chris Iacovella.
September 30, 2021
Sen. Warren Revives Bill to Rein In Bank MergersThe Bank Merger Review Modernization Act would restrict what Warren says is harmful consolidation in the banking industry.
September 30, 2021
Congress Clears Government Funding Bill to Avert ShutdownThe federal government would be kept open through Dec. 3 under the legislation.