Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Biden Plans First Major Tax Hike Since 1993
By Nancy Cook and Laura DavisonThe White House has rejected the wealth tax proposed by Sen. Warren but is still targeting the wealthy in its expected suite of tax hikes.
March 11, 2021
Biden Signs $1.9T Stimulus BillBiden plans to hold a televised address Thursday evening to speak about the pandemic.
March 10, 2021
House Sends $1.9B Stimulus Bill to Biden, Checks to U.S. PocketbooksMost Americans will be receiving direct payments of $1,400, with checks going out within days.
March 10, 2021
Financial Trade Groups Blast Independent Contractor BillThe PRO Act, which passed the House Tuesday, would classify independent financial advisors as employees, the groups say.
March 08, 2021
Here's What's in the Senate's $1.9T Relief PackageMore than 85% of American households will get direct payments of $1,400 per person, Biden said.
March 06, 2021
Senate Passes $1.9T Relief Package After Marathon VotesThe bill will send $1,400 payments to individuals earning less than $75,000 and couples earning less than $150,000 based on either 2019 or 2020 tax returns.
March 05, 2021
Senate Democrats Change Jobless Aid in Stimulus BillThey reduced weekly supplemental unemployment benefits but extended the length of the program.
March 04, 2021
Bipartisan Bill Bans Stock Ownership for Members of CongressCongressional members could retain their stocks if they transferred them to a blind trust.