Appropriations subcommittees on Capitol Hill — first in the House and now in the Senate — have taken a shot at blocking the Labor Department’s fiduciary proposal by denying funding for the measure.... Read More
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Legislation
BY John Iekel | 6/18/2015
A June 17 Capitol Hill hearing on the DOL’s proposed fiduciary rule featured pointed attacks by members of Congress and a defense of the rule by DOL Secretary Thomas E. Perez — providing ample... Read More
BY Nevin E. Adams, JD | 6/17/2015
A House bill plans to stop the Department of Labor’s fiduciary proposal by cutting off funding to implement the measure.The measure was included by the House Appropriations Committee in the draft... Read More
BY NAPA Net Staff | 6/8/2015
Bipartisan legislation introduced in the U.S. House of Representatives June 4 would automatically opt participants into electronic delivery of documents.Representatives Jared Polis (D-Colo.), Phil... Read More
BY NAPA Net Staff | 5/26/2015
Last week Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) released an update on the committee’s bipartisan tax reform working groups.The senators said... Read More
BY NAPA Net Staff | 5/21/2015
Another state has stepped up to try and close the coverage gap — this time by making it easier for small businesses to find a retirement plan provider through a new “retirement plan marketplace.”... Read More
BY Nevin E. Adams, JD | 5/20/2015
More than a quarter of the U.S Senate — including the ranking members of the Senate HELP and Finance Committees — have asked the Obama administration to act quickly to remove “any potential... Read More
BY NAPA Net Staff | 5/15/2015
Legislation introduced recently in both the U.S. House of Representatives and the Senate would require retirement plans to include an “annuity equivalent” on participant statements.In the House, Reps... Read More
BY Nevin E. Adams, JD | 5/12/2015
Bipartisan legislation backing S-Corp employee stock ownership plans has been introduced in the U.S. Senate.Sens. Pat Roberts (R-Kan.) and Ben Cardin (D-Md.), both members of the Senate Finance... Read More
BY NAPA Net Staff | 5/8/2015
“The current retirement system in the private sector works well for those to have access to it. The challenge is to expand the availability of retirement savings in the private workforce.... Read More
BY Nevin E. Adams, JD | 5/4/2015
A bipartisan bill to encourage the creation of employee stock ownership plans (ESOPs) has been introduced in the U.S. House of Representatives.Reps. Ron Kind (D-Wisc.) and Dave Reichert (R-Wash.)... Read More
BY Nevin E. Adams, JD | 4/27/2015
A new legislative proposal wouldn’t just require employers to offer a retirement plan — it would mandate employer contributions too.The proposal, unveiled by Rep. Joe Crowley (D-N.Y.),... Read More
BY Alisa Wolking | 4/20/2015
On April 15, the American Retirement Association joined with other industry stakeholders in releasing a statement to the Senate Finance Committee working group on Savings and Investment. The... Read More
BY NAPA Net Staff | 4/13/2015
In a new report, Democratic staff members of the Senate Finance Committee take aim at what the report calls “tax avoidance strategies,” including non-qualified deferred compensation (NQDC... Read More
BY NAPA Net Staff | 4/10/2015
Legislators in the Bay State have been busy developing bills that could impact the private employer sponsored retirement system should they become state law. In the current legislative session... Read More
BY NAPA Net Staff | 3/26/2015
Oregon has joined the growing number states weighing the establishment of a state-run retirement plan to cover private-sector employees. Following a now-familiar formula, Oregon Senate Bill 615... Read More
BY John Iekel | 3/23/2015
It is been said that states are laboratories of democracy. If that is so, then the effort to expand participation in retirement plans is one of the latest subjects of our great experiment in... Read More
BY Alisa Wolking | 3/16/2015
As the White House promotes the Department of Labor’s reproposal of the fiduciary rule, Sen. Elizabeth Warren (D-Mass.) took the opportunity March 12 to criticize “brokers on Wall Street... Read More
BY Nevin E. Adams, JD | 3/12/2015
A trio of New Jersey lawmakers has sponsored legislation that would create individual retirement accounts for employees of firms in the state with at least 25 workers who lack access to an employer-... Read More
BY Nevin E. Adams, JD | 3/11/2015
Floridians who take loans against their retirement plans have to pay a state tax on those distributions. But the Florida House of Representatives is considering a bill that could affect that tax... Read More
BY John Iekel | 3/9/2015
Identical bills before both chambers of the Iowa legislature would end state taxation of pensions and other forms of retirement income — but only through 2020. HF 280 and SF 277 would... Read More
BY NAPA Net Staff | 3/4/2015
Legislative phoenixes that would codify the president’s MyRA proposal and change the qualified plan loan rules have arisen in both chambers of Congress.MyRALegislation has been reintroduced in... Read More
BY Andrew Remo | 3/3/2015
Legislation that would require Maryland employers to adopt payroll deduction savings plans for their employees got a full airing in both chambers of the state's General Assembly. Both the... Read More
BY NAPA Net Staff | 3/2/2015
It’s no longer just states that are looking at the notion of expanding retirement plan coverage in the private sector.Last week New York City Public Advocate Letitia James introduced... Read More
BY Nevin E. Adams, JD | 2/27/2015
The Labor Department’s fiduciary reproposal isn’t the only fiduciary-related comeback news on Capitol Hill this week.Rep. Ann Wagner (R-Missouri) has reintroduced the Retail Investor... Read More
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