The IRS is delaying the deadline by which 2020 contributions to IRAs and Roth IRAs must be made until May 17, 2021. The terms of the delay are specified in IRS Notice 2021-21, issued March... Read More
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Regulatory Agencies
BY Ted Godbout | 3/23/2021
The Senate has confirmed President Biden’s nominee to lead the Department of Labor.
Boston Mayor Marty Walsh was confirmed by the Senate March 22 by a vote of 68-29. He is the last of... Read More
BY NAPA Net Staff | 3/23/2021
Citing an increase in demand for information, the Securities and Exchange Commission has launched a new environmental, social and governance (ESG) investing resource page on its website.
According... Read More
BY Ted Godbout | 3/19/2021
A group of Senate Republicans is unhappy with the Department of Labor’s announcement regarding its enforcement position on the final ESG and proxy voting rules.
In a March 18 letter to Al... Read More
BY Ted Godbout | 3/16/2021
Citing the demand for climate change information and questions about whether current disclosures adequately inform investors, the Securities and Exchange Commission is requesting input from investors... Read More
BY Ted Godbout | 3/16/2021
Julie Su, who was nominated by President Biden to serve as Deputy Secretary of Labor, spent much of her nomination hearing defending her record as California’s labor secretary, but she did field... Read More
BY NAPA Net Staff | 3/15/2021
While it hasn’t been officially announced, published reports say that the vote to confirm Boston Mayor Martin Walsh as Secretary of Labor isn’t far off.
Citing an unnamed source, the Boston... Read More
BY Ted Godbout | 3/10/2021
A March 10 announcement by the Department of Labor’s Employee Benefits Security Administration provides a precursor to the direction it plans to take on the recently finalized rules. ... Read More
BY Ted Godbout | 3/2/2021
President Biden’s nominee to serve as chairman of the Securities and Exchange Commission heard calls from senators to address a wide range of public policy initiatives before the SEC. ... Read More
BY John Iekel | 3/1/2021
The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) on Feb. 26 issued guidance on the duration of the COVID-19-related relief provided by Disaster Relief Notice 2020-01... Read More
BY Ted Godbout | 2/24/2021
President Biden’s nominees for SEC Chairman and Director of the Consumer Financial Protection Bureau (CFPB) finally have hearing dates.
The Senate Committee on Banking, Housing, and Urban... Read More
BY John Iekel | 2/17/2021
The IRS has confirmed that no action is needed on recent 2019 Form 5500 extension letters. The confirmation came in the Feb. 17 edition of the IRS newsletter, Employee Plans News.
This... Read More
BY Kelsey Mayo | 2/12/2021
If your plan sponsor clients have recently received approval of a filing extension requested last summer for their 2019 Form 5500—they don’t need to do anything.
As you may know... Read More
BY Ted Godbout | 2/10/2021
President Joe Biden announced Feb. 10 that he will nominate Julie Su to the No. 2 post at the DOL.
Su currently serves as Secretary of the California Labor and Workforce Development Agency,... Read More
BY Ted Godbout | 2/8/2021
The self-regulatory organization says that it plans to expand the scope of its Regulation Best Interest and Form CRS reviews and testing this year.
The 2021 Report on FINRA’s... Read More
BY Nevin E. Adams, JD | 2/8/2021
Citing the “change in administration,” the Labor Department has backed off its previous support for a lawsuit challenging the CalSavers Retirement Savings Program.
As recently as last summer,... Read More
BY Ted Godbout | 2/4/2021
In his first appearance before the Senate, President Biden’s nominee to lead the Department of Labor vowed to work with both parties to address multiemployer pensions, as well as other retirement... Read More
BY Ted Godbout | 2/2/2021
Congress will get its first shot this week at questioning the Biden administration’s nominee for Labor Secretary.
Boston Mayor Marty Walsh, who has been nominated to serve as U.S.... Read More
BY NAPA Net Staff | 2/2/2021
The Securities and Exchange Commission (SEC) has announced that Satyam Khanna will serve as Senior Policy Advisor for Climate and ESG—a new role—in the office of Acting Chair Allison Herren Lee.... 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 | 1/21/2021
With former Chairman Jay Clayton stepping aside at the end of 2020 and a replacement not yet confirmed, the carousel of acting chairs at the Securities and Exchange Commission continues.
As... Read More
BY Ted Godbout | 1/21/2021
As expected—and as has routinely been done in recent memory along with a change in administrations—the incoming Biden administration moved to immediately pause all pending and recently issued... Read More
BY NAPA Net Staff | 1/20/2021
President Biden will sign executive orders today that will, among other things, press for a review of the Labor Department’s recent ruling on ESG investments.
The widely anticipated executive... Read More
BY Ted Godbout | 1/19/2021
President-elect Biden’s Treasury Secretary nominee Janet Yellen appeared before the Senate Finance Committee Jan. 19, fielding questions on the economy, taxes and debt, as well as her views on... Read More
BY Ted Godbout | 1/13/2021
President-elect Joe Biden is planning to nominate Gary Gensler to serve as chairman of the Securities and Exchange Commission, according to multiple news reports.
Should Gensler be confirmed... Read More
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