Congress

Florida Reps Aim to End Private Flood Coverage Penalty With Bill in Congress

Florida Reps Aim to End Private Flood Coverage Penalty With Bill in Congress

Mortgagees required to purchase flood insurance can utilize private flood policies, under federal rules that took effect in 2019. But if they go that route, the property owners risk losing lower, grandfathered premiums if they ever return to the National Flood Insurance Program coverage. Now, two Florida members of Congress have re-introduced legislation that would

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Abbott Presses Congress for Legal Shield Over Preemie Baby Formula Lawsuits

Abbott Presses Congress for Legal Shield Over Preemie Baby Formula Lawsuits

The company that makes one of the two most widely used brands of formula for premature babies is threatening to stop. That is, unless US health officials and Congress help protect it from lawsuits related to infant deaths allegedly tied to its product. It’s a warning that holds particular power over policy makers and legislators

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Trump Urges Congress to Block State-Level AI Regulation

Trump Urges Congress to Block State-Level AI Regulation

President Donald Trump called on Congress to pass a federal standard governing oversight of artificial intelligence and warned that varied regulation at the state level risked slowing the development of an emerging technology that’s critical to the US economy. In a post on his Truth Social network Tuesday, the president urged lawmakers to act quickly,

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Trump’s $2,000 Tariff Check Plan Could Face Key Test in Congress

Trump’s $2,000 Tariff Check Plan Could Face Key Test in Congress

Key Takeaways President Donald Trump said that a tariff rebate check was unlikely to be issued until 2026, dashing hopes that it could arrive in time for the holiday shopping season. However, other White House officials stated that Congress must first approve the concept of Trump’s $2,000 tariff “dividend.” Some legislators raised questions about how

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How Stock Trades By Members of Congress Could Affect Your Portfolio and Why It Matters

How Stock Trades By Members of Congress Could Affect Your Portfolio and Why It Matters

Key Takeaways Lawmakers make more trades on days Congress is in session and step up activity during periods of elevated geopolitical risk. High levels of volatility are associated with a surge in buy orders from members of Congress, suggesting some treat policy fog and market stress as entry points. While trackers shadowing particular politicians or

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Ask the Editor — Tax Questions on What Congress Will Do Next

Ask the editor logo plus illustration of the scales of justice, tax legislation and a gavel.

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on what Congress will do next with taxes. (Get a free issue of The Kiplinger Tax Letter or subscribe.) 1. Federal government shutdown Question: What are the

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