With an end-of-March deadline looming, a bipartisan group of lawmakers in the House of Representatives and U.S. Senate introduced legislation to further extend the program.
Introduced in the... Read More
Advertisement
Legislation
BY Ted Godbout | 3/10/2021
After a brief volley between the two chambers and some late nights, the House of Representatives on March 10 gave final approval to the $1.9 trillion COVID relief bill, which includes the Butch Lewis... Read More
BY Ted Godbout | 3/8/2021
Following a marathon session that literally went all night, on March 6 the Senate passed an amended version of the $1.9 trillion COVID relief bill that removed the COLA freeze to plan limits, while... Read More
BY Ted Godbout | 3/4/2021
[UPDATED MARCH 5 AT 9:00 A.M. ET]
Following weeks of intensive lobbying, the American Retirement Association has gotten a provision pulled from the COVID relief bill that could have undermined... Read More
BY Ted Godbout | 3/3/2021
Two Republican members of the House of Representatives have reintroduced legislation that pushes back on state and local efforts to impose harmful financial transaction taxes (FTTs) that would impact... Read More
BY Ted Godbout | 3/2/2021
Making good on a past promise, the newest member of the Senate Finance Committee has introduced legislation to impose a wealth tax on so-called “ultra-millionaires.”
Sen. Elizabeth Warren (D-MA)... Read More
BY Ted Godbout | 2/28/2021
The House of Representatives in the early hours of the past weekend approved a nearly $2 trillion COVID-stimulus bill, including a freeze to retirement plan contribution limits.
The Butch... Read More
BY Andrew Remo | 2/17/2021
Five years after it was first introduced, the initiative to create a state-based retirement program for the private workforce in the Commonwealth of Virginia has taken a major leap forward—with a key... Read More
BY Ted Godbout | 2/12/2021
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
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
Recent Comments