As part of the push to enact a nearly $2 trillion stimulus bill, the House Ways & Means Committee moved forward Feb. 11 with a proposal to freeze retirement plan contribution limits to help... Read More
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Legislation
BY Ted Godbout & Nevin E. Adams, JD | 2/9/2021
Legislation before the House Ways & Means Committee plans to help pay for a multiemployer plan bailout by utilizing a budget “gimmick” that would freeze retirement plan contribution limits—though... Read More
BY Ted Godbout | 2/5/2021
The American Retirement Association, along with 30 other organizations, wrote to New York State leaders, criticizing a proposal to tax stock transfers as a misguided attempt to address the state’... Read More
BY Ted Godbout | 2/3/2021
A fierce and powerful Democrat will be joining one of the Senate’s most powerful committees.
On Feb. 2, Sen. Ron Wyden (D-OR), who is the new, incoming chairman of the Senate... Read More
BY Ted Godbout | 1/26/2021
On Monday the Senate confirmed one of President Biden’s top economic advisors, and a key Republican senator who has been a champion of retirement policy announced his intent to retire. ... Read More
BY Ted Godbout | 1/22/2021
Efforts to address the funding crisis facing multiemployer pension plans, as well as provide single employer funding relief, just got a big boost from a key member of Congress.
House Ways... Read More
BY Ted Godbout | 1/21/2021
Along with the swearing in of President Joe Biden this week, three new senators were sworn in as well, swinging control of the Senate to the Democrats, along with the ability to control the agenda.... Read More
BY Ted Godbout | 1/12/2021
The chairman of the House Ways & Means Committee has released a new legislative framework for the 117th Congress that includes an ambitious retirement policy agenda.
In what has... Read More
BY Ted Godbout | 1/7/2021
The election of the two Georgia Senate Democratic candidates—and the resulting shift in control of the U.S. Senate—could have profound implications for President-elect Joe Biden’s policy agenda—... Read More
BY NAPA Net Staff | 1/6/2021
With one of Georgia’s two U.S. Senate races called so far, Democrats are now just one seat away from control of that chamber.
Democrat Raphael Warnock has been projected to win Georgia’s U.S.... Read More
BY NAPA Net Staff | 1/4/2021
There is a lot to unpack in the recently passed COVID-19 relief legislation, but the most significant element for plan sponsors impacted by the pandemic may well be the temporary rule preventing... Read More
BY NAPA Net Staff | 12/28/2020
After a weekend of pundit “drama” worrying about what he’d do (or not), President Trump has signed the controversial $900 billion COVID relief bill, though that may not be the last word on the... Read More
BY NAPA Net Staff | 12/23/2020
The COVID-19 relief bill may not get President Trump’s signature after all—with implications for retirement plan sponsors.
President Donald Trump on Tuesday tweeted a 4-minute video outlining... Read More
BY NAPA Net Staff | 12/22/2020
Division N – COVID-Related Tax Relief
Sec. 276. – Clarification of tax treatment of forgiveness of covered loans. The provision clarifies that gross income does not include any amount that would... Read More
BY Ted Godbout | 12/22/2020
It’s hard to find among the nearly 5,600 pages of text, but there is some important retirement plan relief in the $900 billion COVID stimulus package.
Perhaps the most significant element is a... Read More
BY NAPA Net Staff | 12/18/2020
A new bill introduced in the U.S. Senate seeks to expand the impact of the Saver’s Credit and restore the myRA program eliminated by the Trump administration.
The Encouraging Americans to... Read More
BY Ted Godbout | 12/18/2020
Unhappy with the Department of Labor’s regulatory efforts to curtail environmental, social and governance investing, a group of House Democrats introduced two bills requiring retirement plan... Read More
BY Ted Godbout | 12/10/2020
The chances that bipartisan retirement security legislation could be acted on next year got a boost, as the American Retirement Association and witnesses at a Senate hearing urged Congress to act to... Read More
BY Ted Godbout | 12/2/2020
Congress faces a government funding deadline, while a bipartisan group of lawmakers push for emergency COVID-19 relief, but it’s not clear whether there will be an opening for retirement relief.... Read More
BY Ted Godbout | 11/13/2020
If Joe Biden is sworn in as the 46th President, much of the fate of his retirement tax policy proposals may depend on the results of two Senate runoff elections in Georgia.
While we are... Read More
BY John Iekel | 11/12/2020
In a Nov. 11 webinar, American Retirement Association Director of Legislative Affairs Andrew Remo took at look at where current legislative proposals stand in the wake of the elections. ... Read More
BY Nevin E. Adams, JD | 11/6/2020
Last week the “dynamic” congressional duo of House Ways & Means Chairman Richie Neal (D-MA) and Ranking Member Kevin Brady (R-TX) unveiled legislation dubbed “SECURE 2.0.” While it’s early yet—... Read More
BY Nevin E. Adams, JD | 11/3/2020
If you have turned on a TV, walked by a radio, driven down a residential street, or answered a phone (or more likely let it go unanswered) in the past month, you will, of course, be aware that our... Read More
BY Nevin E. Adams, JD | 11/2/2020
Last week the “dynamic” congressional duo of House Ways & Means Chairman Richie Neal (D-MA) and Ranking Member Kevin Brady (R-TX) unveiled legislation dubbed “SECURE 2.0.” While it’s early yet—we... Read More
BY Ted Godbout | 10/28/2020
Two Republican members of the House of Representatives are pushing back on state and local efforts to impose financial transaction taxes that would impact non-residents.
Rep. Patrick... Read More
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