Displaying 31 results
Republicans propose raising retirement age
The proposal sets the stage for an election-year fight with President Biden, who accused the GOP of going after entitlement programs during his State of the Union address.
Bill chips away at SALT block but comes with drawbacks, advisors say
'I’d love to see the [full] SALT deduction come back but not if it means rates go up,' one advisor says.
Democrats would boost savings with 401(k)s for babies
Several states have such programs, and extending the accounts to the federal level could decrease the wealth gap, legislators say
Proposed tax deal in Congress could give economy a boost
Congressional negotiators are locked in talks over renewing expired business tax breaks and boosting the child tax credit.
Congressional deal on spending cap eases risk of shutdown
The agreement, negotiated by Senate Majority Leader Chuck Schumer and House Speaker Mike Johnson, sets the cap for the 12 annual spending bills at $1.59T.
Michigan advisor runs for House seat
As a financial advisor for more than 30 years, Diane Young has seen fiscal and retirement policies affect her clients. If voters in Michigan’s 10th District elect her, she’ll have a role in shaping the decisions Congress makes.
Tax cuts vs. debt reduction: GOP presidential debate illustrates conundrum
'We need to address the looming debt and quit kicking the can down the road,' one advisor says.
Democratic bill would require spousal consent for 401(k) distributions
Legislation would extend spousal protections used in pensions to defined-contribution plans.
Legislation lets funds delay redemptions if transfer involves senior abuse
The bill sails through House, 419-0, on a fast track. Its author, Rep. Ann Wagner, R-Mo., hopes the Senate acts this time around.
Fierce opponent of DOL fiduciary rule and defender of Reg BI to chair House subcommittee
Rep. Ann Wagner, R-Mo., will lead the House Financial Service Subcommittee on Capital Markets, which oversees the SEC and works on policies related to investor protection and capital formation.
Omnibus includes index-linked annuities legislation, other stocking stuffers
Several policies that affect advisers — in addition to the SECURE 2.0 retirement-savings bill — catch ride on last vehicle moving through Congress this year.
DAF payout bill stalls in Congress
The Senate and House bills will both die at the end of the year if they are not approved. It’s not clear whether sponsors will reintroduce them in January.
Restricting advisers’ independent contractor status is a no-win for everyone
It's critical that the DOL and members of Congress hear from advisers what their independent classification means, not just to them but to their clients as well.
Republicans, Democrats could agree on some adviser issues after midterm elections
There's some chance that members of both parties will want to open private markets to more ordinary investors.
House GOP uses SEC comment glitch to question agency’s agenda
Republicans on the House Financial Services Committee give a preview of the pressure they're likely to apply to SEC Chairman Gary Gensler if the party takes over the House in the midterm elections.
ETFs that track stock trades of members of Congress planned
A pair of exchange-traded funds would analyze the financial disclosure of lawmakers from both parties and their spouses and dependent children.
Yellen says crypto is ‘very risky’ option for retirement savers
Treasury chief says it would be reasonable for Congress to regulate what assets could be included in tax-favored retirement vehicles.
US regulators considering Plan B if Congress fails to act on crypto
CFTC Chairman Rostin Behnam says his agency would be a tough regulator for crypto market.
House GOP demands full SEC hearing
Republican lawmakers express concern over expansive SEC agenda that they say exceeds the agency's authority and jurisdiction.
Cannabis investments mellow as Congress tarries on decriminalization
With the Biden administration having let them down, the marijuana industry is now betting on a Republican takeover of Congress.
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