New regulatory guidance that would permit bankruptcy trustees to use the Department of Labor’s (DOL) Abandoned Plan Program has been submitted to the White House’s Office of Management and Budget (... Read More
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Regulatory Agencies
BY Ted Godbout | 7/14/2023
The nomination of Julie Su to officially serve as U.S. Secretary of Labor is one step closer to being blocked, but at the end of the day it may not necessarily matter.
Su had already... Read More
BY John Sullivan | 7/13/2023
The Securities and Exchange Commission’s (SEC) decision on Wednesday to abandon “swing pricing” requirements for money market funds has industry pundits and professionals predicting the same fate for... Read More
BY John Sullivan | 7/10/2023
The Department of Labor (DOL) announced a new initiative to help “create and promote business ownership by America’s workers.” The new Employee Ownership Initiative will fall under the Employee... Read More
BY Allison Wielobob | 7/6/2023
Until recently, the federal law governing most private retirement was seldom a subject of national headlines—let alone the subject of an Instagram reel by the Speaker of the House. ... Read More
BY John Sullivan | 6/28/2023
On Wednesday, Senator Bill Cassidy, R-La., and Rep. Virginia Foxx, R-N.C., criticized the Biden administration’s hard close proposed rule that they said, “limits Americans’ ability to trade in mutual... Read More
BY Ted Godbout | 6/15/2023
After months of speculation, the Department of Labor’s newly released Spring 2023 regulatory agenda confirms that a fiduciary rule rewrite could be released later this summer; it also provides other... Read More
BY Ted Godbout | 6/7/2023
Appearing before the House Committee on Education and the Workforce in her capacity as Acting Secretary of the Department of Labor, Julie Su withstood more than three hours of questioning from... Read More
BY Ted Godbout | 5/11/2023
Appearing at the Employee Benefit Research Institute’s 2023 Spring Policy Forum on May 11, Lisa Gomez, Assistant Secretary for the Employee Benefits Security Administration (EBSA), told attendees... Read More
BY John Iekel | 4/25/2023
The Department of Labor’s Employee Benefits Security Administration (EBSA) on April 25 issued frequently asked questions (FAQs) on the annual funding notice requirements for multiemployer pension... Read More
BY Ted Godbout | 4/21/2023
President Biden’s nominee to lead the Department of Labor expressed support for the SECURE 2.0 Act, but the bigger issue during her confirmation hearing was the sharp questioning from Republican... Read More
BY Ted Godbout | 4/20/2023
The American Retirement Association applauds the Department of Labor’s proposed addition of a self-correction option for delinquent participant contributions and loan repayments under the Voluntary... Read More
BY John Sullivan | 4/19/2023
[Editor's note: This article has been updated with specifc comments and questions from House members regarding open-end fund liquidity risk management, swing pricing and a hard close.]... Read More
BY John Sullivan | 4/9/2023
On Thursday, the Treasury Department and Internal Revenue Service (IRS) released its Strategic Operating Plan detailing how its new funding and thousands of new hires will be applied,... Read More
BY Ted Godbout | 4/6/2023
The path to Senate confirmation for President Biden’s current nominee to lead the Department of Labor appears to be getting narrower.
The latest salvo comes from House Ways and Means Committee... Read More
BY Ted Godbout | 3/29/2023
A new Risk Alert from the Securities and Exchange Commission advises that some newly registered advisers need to improve their compliance procedures, disclosures and marketing practices.
The... Read More
BY Ted Godbout | 3/28/2023
President Biden’s nominee to lead the Department of Labor (DOL) will get a shot to convince skeptical lawmakers that she is the best candidate to succeed Marty Walsh, who stepped down earlier this... Read More
BY John Iekel | 3/27/2023
The Department of Labor (DOL) in its budget proposal for fiscal year 2024 seeks funding to fuel new initiatives to make sure lost benefits go to those to whom they belong.
The DOL... Read More
BY Ted Godbout | 3/22/2023
To modernize its information collection and analysis methods, the Securities and Exchange Commission is proposing to expand the types of filings that broker-dealers and other regulated entities must... Read More
BY John Iekel | 3/22/2023
The Department of Labor’s Employee Benefits Security Administration (EBSA) on March 22 announced that it is reopening the comment period for the proposed amendment to prohibited transaction... Read More
BY Ted Godbout | 3/15/2023
To address cybersecurity risks to U.S. securities markets and protect customer information, the Securities and Exchange Commission on March 15 advanced a package of new requirements for broker-... Read More
BY John Iekel | 3/13/2023
The American Retirement Association (ARA) has signed on to a joint letter supporting the IRS’ new permanent rules to allow remote notarization of spousal consent forms.
Background... Read More
BY Nevin E. Adams, JD | 3/10/2023
Noting that “its implementation would disproportionately harm those saving for retirement,” the Chair and Ranking Member of the U.S. House of Representatives' Financial Services Subcommittee on... Read More
BY Ted Godbout | 2/28/2023
The White House has announced that President Biden intends to nominate Julie Su to serve as Secretary of Labor, replacing Marty Walsh who recently announced his intention to step down to take a... Read More
BY John Iekel | 2/27/2023
The U.S. Department of Labor (DOL), the IRS and the Pension Benefit Guaranty Corporation (PBGC) on Feb. 23 released changes to the 2023 Form 5500 and Form 5500-SF. These are the third—and final—... Read More
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