In a changing of the guard, Rep. Jason Smith (R-MO) has been selected by the House Republican leadership to take over as chairman of the powerful House Ways and Means Committee, but what does that... Read More
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Legislation
BY John Sullivan | 1/11/2023
Preventing retirement plan “leakage” through the widespread adoption of auto-portability appears to be the next industry target now that SECURE 2.0 has passed.
The Employee Benefit Research... Read More
BY John Sullivan | 1/6/2023
Despite SECURE 2.0’s recent seismic success, the current Capitol Hill crackup has many people wondering how it will affect chances for more retirement legislation this year. Without a speaker,... Read More
BY Ted Godbout | 12/29/2022
Capping off months of anticipation and hard work, the SECURE 2.0 Act of 2022 is now law, thanks to President Biden signing the legislation Dec. 29 after it was flown down to him while on vacation in... Read More
BY NAPA Net Staff | 12/27/2022
There are 92 provisions in the new SECURE 2.0 Act—and by at least one assessment, they are “almost universally good, with ‘good’ being defined as ‘helpful to the cause of promoting retirement... Read More
BY Ted Godbout | 12/23/2022
While it came down to the wire, both the House and Senate have now approved the much-anticipated SECURE 2.0 Act of 2022 as part of the mammoth $1.7 trillion omnibus spending bill.
For months... Read More
BY Ted Godbout | 12/21/2022
There’s a lot still to unpack in the new SECURE 2.0 Act of 2022, but 24 hours after its publication, here are some additional highlights.
First off, it’s worth reiterating that the legislation... Read More
BY Ted Godbout & Nevin E. Adams, JD | 12/20/2022
After months of speculation on whether the House and Senate would attach a final retirement security legislative package with a must-do, year-end spending bill, we now have an answer.
While most... Read More
BY NAPA Net Staff | 12/19/2022
Rep. Andy Barr (R-KY) and Sen. Mike Braun (R-IN) have introduced a Congressional Review Act (CRA) measure in the House and Senate, respectively, to nullify the Department of Labor’s recently... Read More
BY Nevin E. Adams, JD | 12/15/2022
After over four years of hard-fought litigation, the parties in a suit involving fund menu construction have come to a partial settlement.
By partial, we mean that plaintiffs Wendy Berry, Lorri... Read More
BY NAPA Net Staff | 12/9/2022
The current focus for this Congress may be on SECURE 2.0, but legislators from both parties and both houses of Congress have introduced a new retirement savings bill.
The Retirement Savings for... Read More
BY NAPA Net Staff | 12/5/2022
With the ink on the Labor Department’s new ESG regulation barely dry, U.S. Senator Tom Cotton (R-AK) has introduced legislation to stop it.
“Retirement plans should prioritize ... Read More
BY Ted Godbout | 12/1/2022
With speculation running rampant on whether Congress will approve the SECURE Act 2.0 in the remaining days of the 117th Congress, we sat down with American Retirement Association CEO Brian Graff to... Read More
BY NAPA Net Staff | 11/29/2022
With Congress poised to pass another comprehensive retirement policy bill this year—a new analysis underwritten by the American Retirement Association shows the dramatic impact on retirement savings—... Read More
BY Ted Godbout | 11/16/2022
The Senate Finance Committee Chairman apparently remains bullish on the prospects that follow-on legislation to the original SECURE Act will be enacted this year during the lame-duck session.... Read More
BY Ted Godbout | 11/14/2022
Both the House and Senate are scheduled to return this week for a lame-duck session, but the dust hasn’t settled yet on the elections and time is running short, including whether the SECURE Act 2.0... Read More
BY Ted Godbout | 11/4/2022
Legislation that seeks to stem retirement plan leakage by providing incentives for the use of automatic portability arrangements in defined contribution plans picked up support in the U.S. House of... Read More
BY John Iekel | 11/1/2022
Feeling SECURE? We’re still fairly new at implementing the first one, and here comes the second. In an Oct. 24 session of the 2022 ASPPA Annual conference, two industry experts offered a deep dive... Read More
BY John Iekel | 10/25/2022
In working on behalf of retirement plans, retirement plan participants, and those who support them, one of the constants is the importance of a bipartisan approach, American Retirement Association... Read More
BY Ted Godbout | 10/20/2022
Just as the Department of Labor (DOL) gets set to release a final regulation allowing the use of environmental, social and governance (ESG) factors by fiduciaries when selecting plan investments,... Read More
BY Ted Godbout | 10/6/2022
Shortly before recessing for the mid-term elections, the House of Representatives approved legislation opposed by the American Retirement Association that would prohibit arbitration and discretionary... Read More
BY John Iekel | 10/4/2022
Legislation that could affect retirement plans is pending on Capitol Hill—the midterm elections loom and its remaining weeks after that will be a “lame-duck” session. But that may not spell doom for... Read More
BY Nevin E. Adams, JD | 9/30/2022
A trio of Republican legislators have introduced a bill that would widen the acceptable investment classes in defined contribution plans to, well, pretty much anything—including “digital assets.”... Read More
BY Ted Godbout | 9/27/2022
Citing the dramatic rise of so-called “unicorns” and various companies operating in the “dark,” three Senate Democrats have introduced legislation to require companies to file public reports with the... Read More
BY Ted Godbout | 9/8/2022
We now have legislative language for the Enhancing American Retirement Now (EARN) Act—and a quick review finds a change from the concept draft regarding catch-up contributions.
In June, the Senate... Read More
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