Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Bill Would Boost Social Security for Some Public Workers
By Melanie WaddellThe bill would establish a "new, fairer" Windfall Elimination Provision formula, Rep. Neal says.
March 25, 2021
Senate Passes PPP Loan Application Extension BillThe PPP loan application deadline will be extended from March 31 to May 31 when Biden signs the bill.
March 24, 2021
House, Senate Panels Plan Hearings on Wealthy Tax CheatsMillionaires owe the IRS more than $2.4 billion in unpaid taxes, according to a recent report from a Treasury watchdog.
March 24, 2021
Biden's Tax, Infrastructure Plans: What to ExpectAs Biden's $3 trillion infrastructure and economic packages come into focus, here's how he will likely try to finance them. But will Congress approve?
March 19, 2021
Senators Revive Financial Transaction Tax BillThe bill, reintroduced Thursday, is intended to reduce risky trading.
March 17, 2021
House OKs PPP Loan Application Deadline ExtensionThe bill would also provide an additional 30 days for the Small Business Administration to process loans.
March 16, 2021
GOP Bill Would Block State-Level Financial Transaction TaxesReps. McHenry and Huizenga have introduced the Protecting Retirement Savers and Everyday Investors Act.
March 16, 2021
Wells Fargo, JPMorgan and BofA Set to Distribute Stimulus Payments on WednesdayWhen the banks told customers they wouldn't receive stimulus money until this week, consumers flooded social media with complaints.