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House Republicans seek to kill SEC climate, mutual fund, custody proposals
The riders attached to a House bill funding the agency will meet resistance in the Democratic-majority Senate.
Senate passes anti-ESG bill; Biden threatens first veto
The bill to block a Labor Department rule making it easier for retirement plans to weigh ESG issues in investment decisions passed 50-46, with two Democrats voting with Republicans to pass the measure.
Lawmakers include SECURE 2.0 in federal spending bill headed toward approval
The measure contains 92 retirement savings provisions — including increasing the RMD age, raising catch-up limits and expanding automatic enrollment — that give Republicans, Democrats and the financial industry plenty to love.
Tax bill would empower IRS to collect hundreds of billions of dollars from wealthy Americans
A much better-funded Internal Revenue Service would be equipped with new auditors and technology to uncover tax avoidance.
Senators seek better spousal protections in DC plans
The bipartisan letter asks the Government Accountability Office to examine current protections in defined-contribution plans.
A taxing situation
Last year’s attempt to raise taxes on the wealthy has catalyzed conversations between advisers and clients about tax strategies this season.
Senate confirms Peirce, Crenshaw as SEC members
Peirce was reappointed to a Republican seat; Crenshaw fills a Democratic slot
Coronavirus stimulus package passes House, gets mixed adviser reviews
The $2.2 trillion bill will boost unemployment benefits and small-business loans, but some advisers said that might not be enough
