Witnesses at a House subcommittee hearing testified March 14 that the SEC’s proposed Regulation Best Interest seemed promising at first glance, but fell short upon closer inspection.
“... Read More
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Legislation
BY Nevin E. Adams, JD | 3/6/2019
Democrats in both houses of Congress have introduced legislation that will tax financial transactions – including those in your 401(k).
"It's called the Wall Street Tax Act, but it's really a Main... Read More
BY Andrew Remo | 3/5/2019
Of late, we’ve been getting a lot of questions about legislation that would create open multiple employer plans (MEPs). Here’s the update.
Ever since the Department of Labor issued an... Read More
BY Ted Godbout | 3/4/2019
Picking up where they left off in the last Congress, Reps. Lisa Blunt Rochester (D-DE) and Tim Walberg (R-MI) have reintroduced legislation to make it easier for retirement plan sponsors to provide... Read More
BY Ted Godbout | 2/27/2019
Promising robust oversight of the financial services system, the House Financial Services Committee has announced a busy March schedule.
In what may be of most interest to retirement... Read More
BY Ted Godbout | 2/14/2019
Student loan debt relief continues to receive significant attention on Capitol Hill, as bipartisan legislation introduced Feb. 13 in the Senate would allow employers to provide tax-free student loan... Read More
BY Ted Godbout | 2/7/2019
At the first hearing on retirement security issues in the 116th Congress on Feb. 6, enactment of the Retirement Enhancement and Savings Act (RESA) again took center stage as a vital step in... Read More
BY Andrew Remo | 2/7/2019
The Retirement Enhancement and Savings Act (RESA) has been reintroduced in the new Congress.
The bill introduced on Feb. 6 is bipartisan – sponsored by Reps. Ron Kind (D-WI) and Mike Kelly (R-PA... Read More
BY John Iekel | 2/7/2019
At a Feb. 6 hearing, the Senate Special Committee on Aging heard ideas from a panel of experts on how to increase retirement savings and enhance Americans’ financial readiness to retire.
“As... Read More
BY Ted Godbout | 2/6/2019
Two key senators reintroduced legislation to provide greater flexibility for small businesses interested in offering SIMPLE plans as an option for saving for retirement.
Introduced Feb. 4 by Sens... Read More
BY NAPA Net Staff | 2/6/2019
Retirement security got some much needed attention in bipartisan legislation introduced in the Senate this week.
The Retirement Security Act of 2019 was introduced by Sens. Susan Collins (R-ME),... Read More
BY John Iekel | 1/31/2019
The political climate has changed and this necessitates some new approaches, American Retirement Association (ARA) CEO Brian Graff indicated in remarks at a Jan. 28 session at the 2019 30th... Read More
BY Ted Godbout | 1/31/2019
House Ways & Means Committee Chairman Richie Neal (D-MA) announced Jan. 30 that the committee will hold a hearing on Feb. 6 on improving retirement security for America’s workers.
It is... Read More
BY Ted Godbout | 1/17/2019
Rep. Maxine Waters (D-CA), the new chair of the House Financial Services Committee, recently outlined a full-bodied agenda that seeks to protect consumers, safeguard investors and prevent another... Read More
BY Will Hansen | 1/14/2019
One week into the 116th Congress and the first retirement legislation has been introduced.I will admit, the bill has a particular focus, and that many of you probably don’t interact with multi-... Read More
BY Ted Godbout | 1/11/2019
The House committee rosters for the 116th Congress are just about set, as Democratic leaders announced the appointment of new members to the Ways... Read More
BY Ted Godbout | 1/7/2019
While much of Washington has been focused on the government shutdown, House Democrats kicked off the 116th Congress by implementing a series of changes to the standing rules that will will... Read More
BY Nevin E. Adams, JD | 12/26/2018
A proposed settlement in an excessive fee suit has been sent back to the parties for some clarifications.The suit (Barrett v. Pioneer Natural Resources USA, Inc., D. Colo., No. 1:17-cv-01579-WJM,... Read More
BY Ted Godbout | 12/26/2018
Bipartisan legislation to allow plan sponsors to use e-delivery as the default distribution method for ERISA required retirement plan documents was reintroduced in the Senate in the waning days of... Read More
BY Ted Godbout | 12/21/2018
The House of Representatives made one final push for a year-end tax and retirement savings bill, approving a revised bill Dec. 20, just as threats of a partial government shutdown resurfaced.The full... Read More
BY Brian Graff | 12/20/2018
The mid-terms are over and the Democrats took back control of the House for the first time since 2010, while the GOP slightly expanded its hold on the Senate majority. Believe it or not, while the... Read More
BY Ted Godbout | 12/20/2018
In the waning days of the 115th Congress, the bipartisan duo of Sens. Rob Portman (R-OH) and Ben Cardin (D-MD) unveiled one of the most comprehensive pieces of retirement security legislation... Read More
BY NAPA Net Staff | 12/19/2018
Sen. Ron Wyden (D-OR), Ranking Member of the Senate Finance Committee, has introduced legislation that would permit 401(k), 403(b), and SIMPLE retirement plans to make matching contributions to... Read More
BY Ted Godbout | 12/11/2018
After seeing their earlier proposal come under attack, House Republican leaders have revised their end-of-year tax and retirement savings legislative package, and carried forward key provisions from... Read More
BY Ted Godbout | 12/7/2018
Will the 115th Congress act on a broad tax and retirement savings package before adjourning? It looks like we’ll have to wait a little longer to find out.Following the memorial events following the... Read More
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