The Treasury Department’s Financial Stability Oversight Council is out with a new report identifying climate change as an emerging threat to U.S. financial stability.
“FSOC’s report and... Read More
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Regulatory Agencies
BY NAPA Net Staff | 10/13/2021
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9% in 2022, the Social Security Administration announced today.
The 5.9% cost... Read More
BY Ted Godbout | 10/13/2021
The Department of Labor has just released a new proposal that would set aside the previous administration’s final rules on the use of ESG factors in selecting plan investments and fiduciary duties... Read More
BY Ted Godbout | 10/7/2021
Lisa Gomez, who was nominated to serve as Assistant Secretary of Labor for the Employee Benefits Security Administration, tackled a wide range of issues during her Oct. 7 Senate confirmation hearing... Read More
BY Ted Godbout | 10/6/2021
The Department of Labor’s proposed rules addressing environmental, social and governance factors in selecting plan investments, as well as on fiduciary duties regarding proxy voting, could be... Read More
BY Ted Godbout | 10/1/2021
After a six-month delay in his nomination, Rohit Chopra has been confirmed as the new head of the Consumer Financial Protection Bureau, returning to the agency he helped launch and likely bringing a... Read More
BY Ted Godbout | 9/2/2021
Proposed regulations drafted by the Department of Labor implementing changes under the SECURE Act that allow a group of plans to file a single Form 5500 annual return could be released any day now.... Read More
BY Ted Godbout | 8/31/2021
Kathleen Kennedy Townsend is joining the Department of Labor to help advance state and federal efforts to expand retirement savings programs.
In an emailed statement, Townsend explained that... Read More
BY Nevin E. Adams, JD | 8/30/2021
Last week the Government Accountability Office published a report regarding participant understanding of plan fees—and some suggestions to improve that situation. This week, we’d like to know what... Read More
BY Ted Godbout | 8/27/2021
The Securities and Exchange Commission has issued a request for information (RFI) on the use of digital engagement practices (DEPs) by broker-dealers and investment advisers with an eye toward future... Read More
BY Ted Godbout | 8/26/2021
Longtime investor advocate Barbara Roper, who currently directs the Investor Protection unit for the Consumer Federation of America (CFA), is joining the Securities and Exchange Commission.
Roper... Read More
BY Ted Godbout | 8/13/2021
The SEC, Labor Department and Congress are gearing up to “protect investors” from the emerging cryptocurrency market.
Contending that large parts of the crypto market are not operating... Read More
BY Ted Godbout | 8/13/2021
The Department of Labor reportedly is engaging in a letter-writing campaign urging retirement plan fiduciaries to recoup amounts held by former recordkeepers or paying agents that may have been... Read More
BY NAPA Net Staff | 8/10/2021
The Employee Benefit Security Administration has dropped off documents at the Office of Management and Budget (OMB) in response to two Executive Orders from President Biden.
The submission is... Read More
BY NAPA Net Staff | 8/9/2021
The Internal Revenue Service has announced a significant update with regard to Form 5500 filing requirements related to the SECURE Act—less than a week after the normal Form 5500 deadline... Read More
BY Ted Godbout | 7/28/2021
Cautioning those looking to “game the system,” a senior Labor Department official affirmed July 27 that suggesting investments that could occur after a rollover is tantamount to recommending the... Read More
BY Ted Godbout | 7/28/2021
Speaking July 27 at the 2021 NAPA D.C. Fly-In Forum, the Acting Assistant Secretary for the DOL’s Employee Benefits Security Administration outlined the key areas the department is working on,... Read More
BY NAPA Net Staff | 7/28/2021
The Labor Department wants everyone to be attentive to cybersecurity protocols as a fiduciary responsibility, but there’s a higher expectation for those “running the systems.”
Tim Hauser, Deputy... Read More
BY NAPA Net Staff | 7/27/2021
The White House has announced nine key nominations, including Lisa Gomez, for Assistant Secretary for Employee Benefits Security, Department of Labor.
According to Reuters, Gomez is currently a... Read More
BY NAPA Net Staff | 7/26/2021
Cybersecurity is a hot topic these days, with a new ransomware attack or data breach in the news nearly every day, not to mention recent guidance—and word of audit questions—from the Labor Department... Read More
BY Ted Godbout | 7/15/2021
The Securities and Exchange Commission’s Division of Examinations will be getting a new director following the departure of current Director Peter Driscoll next month.
According to the July... Read More
BY Ted Godbout | 7/13/2021
Witnesses testifying before the ERISA Advisory Council largely panned the idea for additional fiduciary or disclosure obligations on DC plans that contain brokerage windows.
During the... Read More
BY Ted Godbout | 7/13/2021
After a delay of more than three months, the Senate has finally confirmed Julie Su as Deputy Labor Secretary, the No. 2 post at the department.
The Senate confirmed Su July 13 on a party-... Read More
BY Ted Godbout | 7/8/2021
The SEC’s Asset Management Advisory Committee (AMAC) has issued a series of recommendations to enhance disclosures of environmental, social and governance and diversity and inclusion factors.... Read More
BY Ted Godbout | 7/7/2021
Julie Su, who was nominated by President Biden in February to serve as Deputy Secretary of the Department of Labor, may finally get an up-or-down vote in the Senate.
Prior to... Read More
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