Rep. Jim Banks, R-Ind., introduced a bill on Monday to block private pension plans under the Employee Retirement Income Security Act (ERISA) from making new investments in companies controlled by or... Read More
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Legislation
BY Ted Godbout | 6/13/2023
Legislation that would make it easier for retirement plan sponsors to include annuities as a default option in their defined contribution plans has been reintroduced in the House of Representatives... Read More
BY John Sullivan | 6/13/2023
[Update: The House Ways and Means Committee passed the Tax Cuts for Working Families Act on Tuesday.]
On Friday, Republicans on the House Ways and Means Committee proposed a comprehensive... Read More
BY Ted Godbout | 6/9/2023
Legislation that seeks to strengthen protections and safeguards from financial predators scamming senior investors out of their savings passed the House of Representatives June 5 by a unanimous voice... Read More
BY Ted Godbout | 6/2/2023
UPDATE: President Biden signed the legislation into law the evening of June 2.
Acting with a sense of urgency to avoid a first-ever federal debt default, the U.S. Senate late Thursday approved... Read More
BY Ted Godbout | 6/1/2023
Independent financial advisors could get some regulatory relief from the Securities and Exchange Commission (SEC) through legislation approved by the House of Representatives.
On May 30, the House... Read More
BY Ted Godbout | 5/31/2023
Amid threats of the economy crashing and 401(k)s plummeting, the House of Representatives late May 31 approved legislation to suspend the federal debt limit until 2025.
Facing a June 5 deadline to... Read More
BY Retirement Learning Center | 5/24/2023
ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement... Read More
BY Ted Godbout | 5/19/2023
With more than a third of the U.S. workforce said to be currently engaged in temporary, contract or on-demand work, a bipartisan group of senators has reintroduced legislation to test “innovative... Read More
BY John Sullivan | 5/9/2023
Former New York Congressman and gubernatorial candidate Lee Zeldin pulled no punches in his condemnation of the Retirement Savings for Americans Act, which would establish a federal program to... Read More
BY John Sullivan | 5/3/2023
A SECURE 2.0 “fix” that would allow 403(b)s to invest in collective investment trusts (CIT) was officially introduced in the House on Tuesday.
The bill, titled “The Retirement Fairness... Read More
BY John Sullivan | 5/1/2023
After 55 years as an elected official, Senator Ben Cardin, D-Md., announced that he will not seek reelection.
In a statement on Monday, Cardin, a supporter and sponsor of major retirement... Read More
BY Ted Godbout | 4/3/2023
Even though the ink is barely dry on the SECURE 2.0 Act, there’s no rest for the weary, as some in Washington are pushing a federal government-run retirement system that would unfairly compete with... Read More
BY Ted Godbout | 3/24/2023
Not ready to give up the fight, the Republican-led House of Representatives attempted to override President’s Biden veto of a resolution that sought to block the so-called “ESG rule” from taking... Read More
BY Ted Godbout | 3/18/2023
A group of Senate Democrats has asked Congress’ watchdog agency to examine the impact of the pay gap between men and women on the ability of women to save for retirement.
Released in conjunction... Read More
BY Andrew Remo | 3/15/2023
Mark Twain said, “History never repeats itself, but it does often rhyme.” So, tell me if you have seen this before. The Republican Party is ascendent after a mid-term election result that saw them... Read More
BY Ted Godbout | 3/9/2023
President Biden’s fiscal year 2024 budget proposes massive tax increases on corporations and upper-income taxpayers, including a proposal from the Build Back Better Act[1] to limit how much... Read More
BY Ted Godbout | 3/6/2023
A bipartisan group of Senators is spearheading an effort to draw attention to Social Security’s shortfalls and to help retirees better determine when to claim benefits.
Comprised of Sens. Bill... Read More
BY Ted Godbout | 3/1/2023
One day after the Republican-led House of Representatives approved a resolution to block the Labor Department’s so-called environmental, social and governance (ESG) rule, the Senate followed suit... Read More
BY Ted Godbout | 2/28/2023
As promised, the Republican-led House of Representatives moved forward with a congressional disapproval resolution against the Department of Labor’s recently finalized environmental, social and... Read More
BY NAPA Net Staff | 2/27/2023
The U.S. House of Representatives' Committee on Rules has announced a meeting for today (Feb. 27) to discuss a measure targeting the Labor Department’s ESG rule.
Rep. Andy Barr's (R-KY) resolution... Read More
BY NAPA Net Staff | 2/27/2023
Legislation that purports to expand Social Security benefits, shore up program funding—and increase taxes on the “wealthy” has been reintroduced in Congress.
The Social Security Expansion Act was... Read More
BY Nevin E. Adams, JD | 2/16/2023
U.S. Sen. Tommy Tuberville (R-AL) is reintroducing the Financial Freedom Act—targeting the Labor Department’s previous compliance assistance regarding cryptocurrency investments in 401(k) plans.... Read More
BY John Sullivan | 2/2/2023
Inflation and higher prices overall are causing more Americans to take 401(k) hardship withdrawals.
The Wall Street Journal, citing Vanguard research, reported that a record 2.8% of the... Read More
BY NAPA Net Staff | 1/27/2023
Legislation that would significantly broaden the ability of individuals to use health savings accounts (HSAs) has been introduced in the House of Representatives.
Rep. Andy Biggs (R-AZ) on... Read More
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