A new survey finds that 6 in 10 U.S. adults who took on student loan debt for their education delayed a major financial decision because of this debt, but Congress may provide some relief with... Read More
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Legislation
BY Nevin E. Adams, JD | 4/26/2022
Perhaps because of the full moon last week, the nation’s 401(k) “haters” were out in force.
Yes, last week we were “treated” to a Bloomberg op-ed with ideas on how to “fix” America’s... Read More
BY Nevin E. Adams, JD | 4/12/2022
Thanks to their mother, my kids have grown up with a variety of pets in our house—but none more bizarre than our experience with… a chicken.
My son’s elementary school class had been exposed to... Read More
BY John Iekel | 4/6/2022
The House Education and Labor Committee reported the Protecting America’s Retirement Security Act April 5, sending the bill to the House floor for a vote.
The committee voted 29-21 to... Read More
BY John Iekel | 4/6/2022
The American Retirement Association expressed its opposition to the Protecting America’s Retirement Security Act (PARSA) in an April 5 letter to lawmakers. “Our opposition to this... Read More
BY Ted Godbout | 4/4/2022
The House of Representatives’ overwhelming passage last week of the Securing a Strong Retirement Act (H.R. 2954, a.k.a SECURE 2.0) helps set the stage for action by the U.S. Senate later this... Read More
BY Ted Godbout | 3/30/2022
March 29 was a busy day on Capitol Hill—in addition to the House of Representatives approving SECURE Act 2.0, the Senate Health, Education, Labor and Pensions (HELP) Committee held a hearing on... Read More
BY Ted Godbout | 3/30/2022
After waiting for nearly a year, legislation that builds off the original SECURE Act and is supported by the American Retirement Association was approved March 29 by the House of Representatives.... Read More
BY Ted Godbout | 3/30/2022
A bipartisan bill introduced in the U.S. Senate March 30 would make it easier for small businesses to offer retirement plans for their employees.
The Starter-K Act of 2022 (S. 3955)was... Read More
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
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