A group of Republican senators has introduced a resolution to stop the Labor Department’s new conflict-of-interest rule. The resolution (S.J. Res. 33), sponsored by Sen. Johnny Isakson (R-Ga.),... Read More
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Legislation
BY NAPA Net Staff | 4/20/2016
The fiduciary regulation may be final, but a trio of Republican lawmakers have introduced a resolution to block it.Rep. Phil Roe (R-Tenn.), chairman of the House Subcommittee on Health, Employment,... Read More
BY NAPA Net Staff | 4/12/2016
With time running out on its 2016 legislative session, the Maryland House has passed the state’s auto-IRA bill by a veto-proof majority.That, coupled with the unanimous vote in support by the Old... Read More
BY NAPA Net Staff | 3/29/2016
The Golden State has taken another step on the road to implementing a state-run retirement program.The California Secure Choice Board unanimously recommended that the state legislature move forward... Read More
BY NAPA Net Staff | 3/28/2016
With officials slated to meet today to consider moving ahead with California’s state-run retirement plan proposal, there’s been a call for delay to address “unrealistic or incomplete” assumptions in... Read More
BY Alisa Wolking | 3/25/2016
The 2016 election is still months away, but talk of tax reform – and its potential to undermine incentives for retirement savings – is “back” on Capitol Hill.The Chairman of the House Ways &... Read More
BY Ray Harmon | 3/18/2016
On Friday, March 4, a group of NAPA members armed with their own professional experience and personal passion, brought their concerns about a piece of potentially harmful legislation to key Utah... Read More
BY Andrew Remo | 3/17/2016
Legislation pending in the Maryland General Assembly uses more carrot than stick to entice private employers in the state to offer a retirement savings program for their employees. If the employer... Read More
BY NAPA Net Staff | 3/14/2016
Last week, a harmful provision that could have extended Connecticut’s state-run retirement coverage mandate to ERISA plans was dropped from the bill reported out of committee. The move follows March... Read More
BY Andrew Remo | 3/11/2016
UPDATE, MARCH 14: The provision described below was subsequently withdrawn. For more on that development, click here.The Connecticut Retirement Security Board has taken another step forward with its... Read More
BY Michael P. Kreps | 2/26/2016
The Department of Labor is in the last stages of finalizing its fiduciary rule (also called the conflict-of-interest rule), but the Republican-controlled Congress has not given up the fight. They are... Read More
BY NAPA Net Staff | 2/13/2016
Iowa State Treasurer Mike Fitzgerald and state senator Janet Petersen have rolled out a state-run retirement plan proposal.The pair, both Democrats, say that the proposed “Retirement Savings Iowa”... Read More
BY Andrew Remo | 2/10/2016
The Obama administration’s final budget wasn’t a complete retread of its prior retirement plan proposals, but there wasn’t much good news for employer-sponsored retirement plans.Small business owners... Read More
BY Andrew Remo | 2/9/2016
Though specific policy details remain elusive on many key issues in the 2016 presidential campaign, the tax reform proposal of a leading candidate could undermine the 401(k).Today is the day of the... Read More
BY NAPA Net Staff | 2/8/2016
Wrapping up a week of legislation designed to block, slow or thwart the Labor Department’s fiduciary rule, the U.S. Senate finally got into the act with two pieces of legislation.Sen. Johnny Isakson... Read More
BY NAPA Net Staff | 2/4/2016
For the second time in a week, an important committee in the U.S. House of Representatives has approved legislation that could undermine the Labor Department’s proposed fiduciary rule.The most recent... Read More
BY Alisa Wolking | 2/3/2016
As the Department of Labor moves forward with its new fiduciary standard, lawmakers in the U.S. House of Representatives are working on legislation to address concerns that the final DOL proposal... Read More
BY Judy Miller | 2/2/2016
The Senate Finance Committee held a hearing Jan. 28 on “Helping Americans Prepare for Retirement: Increasing Access, Participation and Coverage in Retirement Savings Plans.” Chairman Orrin Hatch (R-... Read More
BY NAPA Net Staff | 1/29/2016
Not quite two years ago, Sen. Marco Rubio (R-Fla.) said the federal government’s Thrift Savings Plan (TSP) should be opened to private sector workers. Now legislation has been introduced in the U.S.... Read More
BY NAPA Net Staff | 1/15/2016
The Garden State will have a new state-run retirement plan for private sector workers — though not the one that might have been expected.The state Assembly voted after 1:00 a.m. Tuesday, Jan. 12 to... Read More
BY Andrew Remo | 1/5/2016
The Nutmeg State has taken another step toward the creation of a state-run retirement program for private sector workers with the release of a lengthy report detailing the potential elements of such... Read More
BY NAPA Net Staff | 1/4/2016
Just before Christmas, President Obama signed into law H.R. 2029, a massive year-end spending and tax bill containing a number of provisions affecting health and retirement plans. Here’s what you may... Read More
BY NAPA Net Staff | 12/29/2015
The state Senate budget committee has approved a bill creating a mandatory retirement program for private-sector workers without employer-sponsored plans in the Garden State.The Secure Choice Savings... Read More
BY NAPA Net Staff | 12/21/2015
Legislation has been introduced in the Senate that could have significant consequences for public pension plans.The Puerto Rico Assistance Act of 2015 (S. 2381), was introduced by Sen. Orrin Hatch (R... Read More
BY NAPA Net Staff | 12/21/2015
A bipartisan group of lawmakers last week introduced legislation that they say will “ensure retirement advisors serve their clients’ best interests and preserve access to quality financial planning... Read More
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