Those hoping that the Labor Department’s fiduciary rule would be derailed in congressional budget negotiations found coal in their pre-Christmas stockings instead.Published reports had indicated that... Read More
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Legislation
BY Nevin E. Adams, JD | 12/8/2015
The team of Portman and Cardin have put their heads, and pens, together in a letter to Labor Secretary Tom Perez about the DOL’s fiduciary proposal.Of course, then-Congressmen Rob Portman (R-Ohio)... Read More
BY NAPA Net Staff | 12/7/2015
Some may consider it a bundle of coal, and others a vision of sugarplums, but a bipartisan group of lawmakers now says that their legislative proposal to ensure retirement advisors protect clients’... Read More
BY Nevin E. Adams, JD | 12/3/2015
A congressional subcommittee hearing Dec. 2 gave voice to the conflicting perspectives on the Labor Department’s fiduciary proposal, though it seems unlikely that anyone’s perspective was changed.... Read More
BY Andrew Remo | 11/30/2015
The Financial Services Roundtable recently hosted an event on Capitol Hill that amounted to a retirement counseling session for Millennials working in Congress. Headlining the event was the youngest... Read More
BY NAPA Net Staff | 11/20/2015
Securities and Exchange Commission Chair Mary Jo White faced some tough questions Nov. 18 from members of the House Financial Services Committee on both sides of the aisle concerning her agency’s... Read More
BY NAPA Net Staff | 11/11/2015
Another bill looking to derail the Labor Department’s fiduciary proposal has been introduced in Congress.This one, the Retirement Choice Protection Act of 2015 (H.R. 3922), was introduced by Rep.... Read More
BY NAPA Net Staff | 11/6/2015
With concerns about the final Labor Department fiduciary rule and its potential impact on low- and middle-income families still percolating on Capitol Hill, a bipartisan group of congressmen has... Read More
BY NAPA Net Staff | 11/3/2015
They may not have been willing to block the Labor Department’s fiduciary proposal with legislation, but a group of Democratic congressmen are asking for some additional time to comment on the final... Read More
BY Andrew Remo | 10/29/2015
Discussing alternatives to encourage small businesses to offer retirement plans, a Senate subcommittee found consensus around a specific solution. Sen. Michael Enzi (R-Wyo.), Chairman of the Senate... Read More
BY NAPA Net Staff | 10/28/2015
The U.S. House of Representatives passed legislation Oct. 27 that would block the Department of Labor from finalizing its fiduciary proposal until the Securities and Exchange Commission weighs in. By... Read More
BY John Iekel | 10/27/2015
An Oct. 23 hearing held by a subcommittee of the House Financial Services Committee became the latest stage on which House members expressed frustration over proposals related to fiduciary regulation... Read More
BY Alisa Wolking | 10/6/2015
As the Department of Labor finalizes new fiduciary regulations, members of Congress on both sides of the aisle are considering new legislation to address their concerns about DOL’s proposal.On... Read More
BY John Iekel | 10/2/2015
The House Financial Services Committee has given a nod to a bill that would delay the Department of Labor (DOL) from implementing its proposed fiduciary rule. H.R. 1090, the Retail Investor... Read More
BY NAPA Net Staff | 10/1/2015
Think administering loans and withdrawals is complicated now? New legislation introduced in the Senate claims to shore up retirement security for women – but it’s got implications for plan design and... Read More
BY NAPA Net Staff | 9/22/2015
That rumbling sound you hear could be a growing Democratic pushback on the Labor Department’s fiduciary proposal.Published reports indicate that a growing number of Democrats — including more than a... Read More
BY Andrew Remo | 9/18/2015
The Labor Department hearings may be over, but a House committee plans to hold a hearing of its own on the fiduciary rule reproposal and its impact on younger savers.House Ways... Read More
BY Andrew Remo | 9/11/2015
We’re months away from December, but it felt like a fiduciary rule Festivus on Capitol Hill Sept. 10 as members of Congress aired their grievances about the Department of Labor’s proposed extension... Read More
BY Andrew Remo | 9/4/2015
Congress returns from its summer break next week, and House Republicans are wasting no time reengaging in oversight of the Department of Labor’s fiduciary rule re-proposal. On Sept. 10, two... Read More
BY Nevin E. Adams, JD | 7/21/2015
When I’m out on the road speaking to various groups, I’m often asked to try and explain what’s going on in Washington.Even after nearly four years living and working here, I still feel ill-equipped... Read More
BY NAPA Net Staff | 7/9/2015
Reports from the Senate Finance Committee’s five bipartisan tax working groups have been published, including policy options and recommendations on savings and investment.On Jan. 15 the Senate... Read More
BY NAPA Net Staff | 7/9/2015
Bipartisan legislation introduced in both the House and Senate would restore the use of health reimbursement arrangements (HRAs) by small employers.The Small Business Healthcare Relief Act rolls back... Read More
BY NAPA Net Staff | 7/7/2015
Efforts to stop or roll back the Department of Labor’s proposed fiduciary rule will continue, according to Steve Saxon of Groom Law Group. Saxon made his remarks at the Insured Retirement Institute’s... Read More
BY Andrew Remo | 7/7/2015
While the Labor Department’s fiduciary reproposal (and the hearings slated for mid-August) will garner most of the attention, what will Congress be focused on before leaving town for the August... Read More
BY NAPA Net Staff | 6/26/2015
Budget-setting committees in both houses of Congress have approved measures that would eliminate from the Department of Labor’s FY 2016 budget funds earmarked for implementing the DOL’s proposed... Read More
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