A SECURE 2.0 “fix” that would allow 403(b)s to invest in collective investment trusts (CIT) was officially introduced in the House on Tuesday.
The bill, titled “The Retirement Fairness... Read More
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Legislation
BY John Sullivan | 5/1/2023
After 55 years as an elected official, Senator Ben Cardin, D-Md., announced that he will not seek reelection.
In a statement on Monday, Cardin, a supporter and sponsor of major retirement... Read More
BY Ted Godbout | 4/3/2023
Even though the ink is barely dry on the SECURE 2.0 Act, there’s no rest for the weary, as some in Washington are pushing a federal government-run retirement system that would unfairly compete with... Read More
BY Ted Godbout | 3/24/2023
Not ready to give up the fight, the Republican-led House of Representatives attempted to override President’s Biden veto of a resolution that sought to block the so-called “ESG rule” from taking... Read More
BY Ted Godbout | 3/18/2023
A group of Senate Democrats has asked Congress’ watchdog agency to examine the impact of the pay gap between men and women on the ability of women to save for retirement.
Released in conjunction... Read More
BY Andrew Remo | 3/15/2023
Mark Twain said, “History never repeats itself, but it does often rhyme.” So, tell me if you have seen this before. The Republican Party is ascendent after a mid-term election result that saw them... Read More
BY Ted Godbout | 3/9/2023
President Biden’s fiscal year 2024 budget proposes massive tax increases on corporations and upper-income taxpayers, including a proposal from the Build Back Better Act[1] to limit how much... Read More
BY Ted Godbout | 3/6/2023
A bipartisan group of Senators is spearheading an effort to draw attention to Social Security’s shortfalls and to help retirees better determine when to claim benefits.
Comprised of Sens. Bill... Read More
BY Ted Godbout | 3/1/2023
One day after the Republican-led House of Representatives approved a resolution to block the Labor Department’s so-called environmental, social and governance (ESG) rule, the Senate followed suit... Read More
BY Ted Godbout | 2/28/2023
As promised, the Republican-led House of Representatives moved forward with a congressional disapproval resolution against the Department of Labor’s recently finalized environmental, social and... Read More
BY NAPA Net Staff | 2/27/2023
The U.S. House of Representatives' Committee on Rules has announced a meeting for today (Feb. 27) to discuss a measure targeting the Labor Department’s ESG rule.
Rep. Andy Barr's (R-KY) resolution... Read More
BY NAPA Net Staff | 2/27/2023
Legislation that purports to expand Social Security benefits, shore up program funding—and increase taxes on the “wealthy” has been reintroduced in Congress.
The Social Security Expansion Act was... Read More
BY Nevin E. Adams, JD | 2/16/2023
U.S. Sen. Tommy Tuberville (R-AL) is reintroducing the Financial Freedom Act—targeting the Labor Department’s previous compliance assistance regarding cryptocurrency investments in 401(k) plans.... Read More
BY John Sullivan | 2/2/2023
Inflation and higher prices overall are causing more Americans to take 401(k) hardship withdrawals.
The Wall Street Journal, citing Vanguard research, reported that a record 2.8% of the... Read More
BY NAPA Net Staff | 1/27/2023
Legislation that would significantly broaden the ability of individuals to use health savings accounts (HSAs) has been introduced in the House of Representatives.
Rep. Andy Biggs (R-AZ) on... Read More
BY John Sullivan | 1/17/2023
A high-stakes game of political chicken is set to come to a head this week, as the country will reach its $31.381 trillion debt limit on Thursday.
The debt limit is the total amount of money the... Read More
BY Ted Godbout | 1/11/2023
In a changing of the guard, Rep. Jason Smith (R-MO) has been selected by the House Republican leadership to take over as chairman of the powerful House Ways and Means Committee, but what does that... Read More
BY John Sullivan | 1/11/2023
Preventing retirement plan “leakage” through the widespread adoption of auto-portability appears to be the next industry target now that SECURE 2.0 has passed.
The Employee Benefit Research... Read More
BY John Sullivan | 1/6/2023
Despite SECURE 2.0’s recent seismic success, the current Capitol Hill crackup has many people wondering how it will affect chances for more retirement legislation this year. Without a speaker,... Read More
BY Ted Godbout | 12/29/2022
Capping off months of anticipation and hard work, the SECURE 2.0 Act of 2022 is now law, thanks to President Biden signing the legislation Dec. 29 after it was flown down to him while on vacation in... Read More
BY NAPA Net Staff | 12/27/2022
There are 92 provisions in the new SECURE 2.0 Act—and by at least one assessment, they are “almost universally good, with ‘good’ being defined as ‘helpful to the cause of promoting retirement... Read More
BY Ted Godbout | 12/23/2022
While it came down to the wire, both the House and Senate have now approved the much-anticipated SECURE 2.0 Act of 2022 as part of the mammoth $1.7 trillion omnibus spending bill.
For months... Read More
BY Ted Godbout | 12/21/2022
There’s a lot still to unpack in the new SECURE 2.0 Act of 2022, but 24 hours after its publication, here are some additional highlights.
First off, it’s worth reiterating that the legislation... Read More
BY Ted Godbout & Nevin E. Adams, JD | 12/20/2022
After months of speculation on whether the House and Senate would attach a final retirement security legislative package with a must-do, year-end spending bill, we now have an answer.
While most... Read More
BY NAPA Net Staff | 12/19/2022
Rep. Andy Barr (R-KY) and Sen. Mike Braun (R-IN) have introduced a Congressional Review Act (CRA) measure in the House and Senate, respectively, to nullify the Department of Labor’s recently... Read More
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