Proponents contend that a financial transaction tax would curb volatility and limit speculative trading, but a new study contends that an FTT would fail to meet those objectives.
“The... Read More
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Legislation
BY Ted Godbout | 10/17/2019
A group of seven Republican senators is urging the Senate Majority Leader to act on one of the most consequential pieces of retirement security legislation in more than a decade.
“We... Read More
BY Brian Graff | 10/10/2019
If your workforce includes recent college graduates – or even not-so-recent college graduates – it’s likely that some of them have debt associated with their college years – and just as likely that... Read More
BY Ted Godbout | 10/4/2019
Sen. Elizabeth Warren (D-MA) has put forward a comprehensive labor proposal that seeks to scale back the broad protections offered by ERISA preemption and resurrect the DOL’s fiduciary rule.... Read More
BY Ted Godbout | 10/3/2019
Bipartisan legislation has been introduced in the House of Representatives that would make it easier for families to save for health care costs.
Introduced Sept. 27 by Reps.... Read More
BY Ted Godbout | 9/27/2019
Legislation approved recently by the U.S. House of Representatives would restrict the use of pre-dispute arbitration agreements – potentially including their use in workplace retirement plans. ... Read More
BY Ted Godbout | 9/18/2019
Recent bills introduced in Congress to impose a financial transaction tax (FTT) would have a drastic effect on retirement savings and many other aspects of the U.S. economy, argues a new white paper... Read More
BY Ted Godbout | 9/13/2019
Under a new proposal put forward by an influential Democratic member of Congress, retirement assets could be factored into a new tax regime targeting higher-income taxpayers.
Labeling it as... Read More
BY Ted Godbout | 9/10/2019
Congress returned to work this week with an extensive to-do list, but questions remain about whether the most consequential retirement policy legislation since the 2006 Pension Protection Act... Read More
BY Ted Godbout | 8/20/2019
Just before departing for Congress’ summer recess, a member of the Senate Finance Committee reintroduced ambitious legislation to provide for automatic IRA arrangements.
Introduced in the... Read More
BY NAPA Net Staff | 8/6/2019
As Congress headed out of town for the August recess, retirement’s “Dynamic Duo” have teamed up on legislation designed to help stave off nondiscrimination testing issues for frozen defined benefit... Read More
BY Brian Graff | 7/30/2019
Another presidential candidate has proposed to pay for a campaign promise with a tax on retirement savings.
U.S. senator and presidential candidate Kamala Harris (D-CA) announced... Read More
BY John Iekel | 7/26/2019
Legislation passed by the U.S. House of Representatives on July 24 is intended to assist financially troubled multiemployer DB plans that meet specified criteria, but that help would come with a... Read More
BY Ted Godbout | 7/25/2019
The Chairman of the House Ways & Means Committee encouraged delegates at the 7th annual NAPA D.C. Fly-in Forum to “plant both feet on the ground” and help move the SECURE Act over the goal... Read More
BY Nevin E. Adams, JD | 7/25/2019
A bill to provide some relief for the struggling multiemployer pension system has been reintroduced in the U.S. Senate – even as the House of Representatives passed comparable legislation.
Last... Read More
BY Ted Godbout | 7/18/2019
A key House committee has moved forward on a package of bills that, among other things, would expand the Securities and Exchange Commission’s civil monetary penalty authority and extend the statute... Read More
BY Brian Graff | 7/17/2019
The Wall Street Journal’s editorial board has challenged a specific “pay for” provision in the SECURE Act. But they’re missing the big(ger) picture.
One of the main reasons the SECURE Act passed... Read More
BY Ted Godbout | 7/11/2019
The so-called Butch Lewis Act to address funding problems facing multiemployer pension plans continues to work its way through the legislative labyrinth, with a second House committee approving the... Read More
BY Ted Godbout | 6/27/2019
The U.S. House of Representatives approved legislation June 26 that, if enacted, would block the SEC’s newly adopted Regulation Best Interest from taking effect.
The Financial Services and General... Read More
BY Ted Godbout | 6/25/2019
While it’s not precisely robbing Peter to pay Paul, a new legislative proposal purports to pay off all student loan debt – with proceeds from a tax that will hit retirement savings.
First touted... Read More
BY Ted Godbout | 6/21/2019
The House Ways & Means Committee has voted to extend a vast array of individual and corporate tax provisions, including special disaster-related rules for use of retirement funds.
Disaster... Read More
BY John Iekel | 6/20/2019
The American Retirement Association, joined by a broad coalition of trade groups, called on the Senate to quickly approve the bipartisan Setting Every Community Up for Retirement (SECURE) Act – and... Read More
BY Ted Godbout | 6/12/2019
Following a contentious markup session, a key House Committee approved legislation on June 11 that would address the funding problems facing multiemployer pension plans.
The House Education... Read More
BY Nevin E. Adams, JD | 6/11/2019
The headline in a recent New York Times piece cautions that “Confusing Options May Be Coming to Your 401(k). It Could Cost You.”
Those “confusing options”? Retirement income... Read More
BY Ted Godbout | 6/7/2019
Following House passage of the bipartisan SECURE Act last month, it looked like the legislation was headed for quick enactment. Since then, however, the realities of the Senate’s legislative... Read More
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