Finance, investment and tax-related legislation

Rep. Don Beyer, D-Virginia, introduced a bill to impose a 1,000% excise tax on manufacturers, importers or producers of assault weapons and high-capacity magazines in the wake of a string of mass shootings across the country.

The legislation is one of the most ambitious attempts to regulate the volatile asset class.

An inside look at the provisions of the new bill as it makes its way to the Senate.

The House voted Friday to decriminalize marijuana, expunge federal convictions on pot-related charges and impose taxes on cannabis producers and importers.

Manchin doomed two pieces of the plan — ending a tax break for fossil fuels and taxing unrealized capital gains — just hours after Biden announced them.

The bill will cover a range of issues, including banking, taxes, privacy and consumer protection.

Several states have taken steps to temporarily roll back their gasoline taxes, a move the Biden administration is considering backing on the federal level.

Sen. Sheldon Whitehouse is pitching a tax on oil companies as part of a broader plan to mitigate the impact of inflation on middle-income families.

The IRS has long looked askance at some land-conservation deals, but proponents are lobbying hard to protect them in Congress.

Uncertainty in Washington doesn't mean tax professionals can't offer clients guidance.