Tag: congress

The full Senate still needs to vote on whether Keith Sonderling will head the Department of Labor.

The vote on advancing the nomination of Acting Secretary of Labor Keith Sonderling is expected to take place next week.

Only individuals and couples with high salaries and retirement account balances higher than $10 million would be affected by the...

The industry leaders urged the Senate committee to prioritize and approve the legislation, as Congress approaches its August recess and...

Democrats said that Medicaid and ACA reductions threaten workers while Republicans backed direct contracting as a way to lower employer...

Trade groups wrote the Senate Banking Committee to urge the passage of a bipartisan package of bills, including investor disclosures...

Retirement industry groups and nonprofit advocates and plan sponsors are also pushing for Congress to allow 403(b) plans to invest...

House Democrats raised questions over Commissioner Frank Bisignano’s claims that his agency is having its ‘best overall performance.’

The potential elimination of Job Corps, the department’s career training program, was a major flashpoint.

Republican senators secured two Democrat votes, but the bill faces expected concerns in the full Senate.

There were 41.7 million health savings accounts in the US at the end of last year—a 6% increase from 2024,...

The Republican-sponsored bill would also impose new voting and reporting duties on asset managers and pension fiduciaries.

Democrat and Republican members alike criticized pharmacy benefit managers, who they say profit from driving up drug costs.

Republicans claimed the bill would reduce the number of cases that lack merit but force employers into costly settlements. 

The legislation would extend the filing deadline by nearly three months and expand the current electronic filing process.

The new law requiring pharmacy benefit managers to explain prescription drug costs could impact a key factor in retirement readiness.

A Republican lawmaker is pushing forward with a retirement account withdrawal plan even after the president expressed skepticism.

Despite previous proposed cuts, under the latest version, the agency would receive the same funding as last year.

The House of Representative’s bill aims to make it harder for fiduciaries to consider environmental, social and governance factors when...

Both sides of the aisle expressed interest in more choices for  annuities in retirement plans, but only Democrats pushed for...