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BY Ted Godbout | 3/29/2022
President Biden released a nearly $6 trillion fiscal year 2023 budget proposal on March 28, outlining his tax and spending priorities over the next decade, including a new minimum tax on wealthy... Read More
BY NAPA Net Staff | 3/28/2022
It looks like SECURE 2.0 will be coming up for a vote in the House this week after all. According to a March 25 Dear Colleague letter from House Majority Leader Steny Hoyer (D-MD), “... Read More
BY Ted Godbout | 3/24/2022
Two key senators have asked the Government Accountability Office to investigate whether spouses should be given additional rights to safeguard and protect 401(k) assets. The bipartisan request... Read More
BY Ted Godbout | 3/23/2022
Legislation has been introduced in the House of Representatives to allow tax- and penalty-free withdrawals to pay for long-term care insurance. Rep. Ann Wagner (R-MO), the Vice Ranking Republican... Read More
BY John Iekel | 3/18/2022
After passing in the state House of Representatives, legislation that would affect retirement plan professionals and participants in a variety of ways is now before the state Senate.  H.B. 8... Read More
BY Ted Godbout | 3/10/2022
The $1.5 trillion budget bill passed by Congress this week includes budget boosts for the Employee Benefits Security Administration (EBSA) and the IRS—but bipartisan retirement legislation... Read More
BY Ted Godbout | 3/9/2022
For those looking for an official analysis and explanation of the SECURE and CARES acts, the Joint Committee on Taxation has just posted a handy resource.  The “Bluebook” (known formally as... Read More
BY Ted Godbout | 3/4/2022
Legislation has been introduced in the U.S. Senate that seeks to ban institutional investors from investing in Russian entities due to the war in Ukraine.  On March 2, Florida Republican Sens... Read More
BY Ted Godbout | 3/3/2022
A March 1 House subcommittee hearing to address improving retirement security and access to mental health found itself largely debating the Biden administration’s proposed guidance on ESG factors, as... Read More
BY Steff Chalk | 2/23/2022
Last fall, the House Ways and Means Committee approved and inserted into the administration’s Build Back Better Act language requiring certain employers to offer and utilize an automatic enrollment... Read More
BY Ted Godbout | 2/18/2022
A bipartisan, bicameral group of lawmakers has reintroduced legislation to test innovative portable benefit designs for the ever-expanding independent U.S. workforce. Sens. Mark Warner (D-VA) and... Read More
BY NAPA Net Staff | 2/18/2022
Sen. Tim Kaine (D-VA) and Rep. Kathy Manning (D-NC) have introduced legislation to increase workers’ participation in employer-sponsored retirement plans by encouraging retirement plans to... Read More
BY Ted Godbout | 2/15/2022
Key members of the House of Representatives have reintroduced legislation to allow retirement plan sponsors to provide annuities as a default option in their DC plans.    Reps.... Read More
BY John Iekel | 2/7/2022
This could be a busy year for lawmakers on a number of matters relevant to the retirement industry, American Retirement Association CEO Brian Graff suggested at a Feb. 6 session of the NTSA Summit in... Read More
BY Ted Godbout | 2/7/2022
The nearly $2 trillion broad-based legislative package that includes mega Roth and other retirement-based revenue raisers does not appear to be moving anytime soon, but there is hope for bipartisan... Read More
BY Ted Godbout | 1/14/2022
After dying in 2020, a proposal to tax financial transactions—including those in 401(k) plans—is once again before the Garden State’s legislature.  During the start of the New Jersey... Read More
BY Ted Godbout | 1/5/2022
Senate Democrat leadership hoped to start fresh in 2022 with an attempt to revisit the nearly $2 trillion Build Back Better legislation, but that effort appears to have hit another snag. ... Read More
BY Ted Godbout | 12/15/2021
While the federal government has never defaulted, failure to lift the nation’s debt ceiling—a potential crisis now averted—could have had a significant impact not only financial markets, but a... Read More
BY Ted Godbout | 12/14/2021
As lawmakers frantically try to reach an agreement before the end of the year on the $1.7 trillion Build Back Better Act, the chairman of the Senate Finance Committee released a nearly 1,200-page... Read More
BY Brian Graff | 12/10/2021
It’s beginning to look like further action on the Build Back Better budget bill will be pushed back to 2022—which would probably delay the effective dates of two controversial retirement plan... Read More
BY Ted Godbout | 12/10/2021
Legislation supported by the American Retirement Association that would make permanent retirement plan tax relief measures following a presidentially declared disaster was introduced Dec. 9.... Read More
BY Ted Godbout | 11/19/2021
Capping a months-long process of negotiations among Democrats, the House approved an amended version of the roughly $1.7 trillion Build Back Better Act (H.R. 5376) Nov. 19 on a near party-line vote... Read More
BY Ted Godbout | 11/18/2021
Broker-dealers, investment advisers and issuers would be prohibited from including predispute mandatory arbitration clauses in their customer agreements under legislation approved by the House... Read More
BY Ted Godbout | 11/16/2021
President Biden on Nov. 15 signed into law the $1.2 trillion infrastructure legislation that includes new reporting requirements for digital assets, additional pension smoothing relief and clarifies... Read More
BY Ted Godbout | 11/11/2021
Bipartisan retirement security legislation that shares some overlap with the SECURE Act 2.0—and is supported by the American Retirement Association—has been approved by a key House committee. ... Read More