Tag: Legislation

Two recent proposals to change the existing tax treatment of 401(k) retirement plans, if enacted, are likely to result in lower account balances for many 401(k) participants, according...

More than 30 House Democrats sent a letter to Secretary of Labor Hilda Solis, thanking her for withdrawing the proposed rule for the redefinition of “fiduciary.”  

Doing what's best for the public seems to be a common goal shared by Vikram Pandit, CEO of Citigroup, and Gary Gensler, Chairman, U.S. Commodity Futures Trading Commission...

The House of Representatives passed a bill to repeal a measure that would have required federal, state and local governments to withhold 3% of payments to government contractors,...

The Financial Services Institute’s (FSI) Board of Directors voted unanimously to increase membership fees, in order to improve engagement with its members and expand its advocacy efforts.  

A pair of Georgia legislators have introduced a bill that would open up 401(k) accounts to help make mortgage payments. 

A pair of US Senators have introduced legislation they claim will “dramatically increase retirement savings.” 

FINRA and industry groups are weighing in this week on Rep. Bachus’ (R-Alabama) draft proposal for a new self-regulatory organization (SRO) to oversee financial advisers.  

Witnesses before the Senate Finance Committee offered arguments against changing tax advantages for workers’ retirement plan savings.

U.S. Senator Bernie Sanders (D-Vermont) has introduced legislation designed to keep the social security program sound for another 75 years.

The question of how broker/dealers (B/Ds) and registered investment advisers (RIAs) should be regulated will be discussed at a hearing on September 13 by a House of Representatives...

Legislators have suggested that the U.S. Department of Labor re-propose its change to the definition of fiduciary and include more economic analysis.

Phyllis Borzi, Assistant Secretary of Labor of EBSA, told legislators it is imperative that impartial investment advice be accessible and affordable to retirement plan sponsors and participants.

In a letter sent to the Treasury, ASPPA said it supports the Department's initiatives regarding lifetime income distributions and relief for sponsors of safe harbor 401(k) plans who...

Brian H. Graff, executive director and CEO of the American Society of Pension Professionals & Actuaries (ASPPA) issued a response to the budget proposal introduced by a bipartisan...

In a letter to Congress, the Pension Rights Center urged legislators to support the Department of Labor’s proposed regulation to alter the definition of the term "fiduciary” under...

At a conference in New York City this week, sponsored by the IRS and ASPPA, Craig Hoffman, General Counsel for ASPPA, discussed several hot-button issues working their way...

The Employee Benefit Research Institute (EBRI) found that the proposed tax reform regarding 401(k)-type retirement plans from the National Commission on Fiscal Responsibility and Reform would hurt both...

Senator Tom Harkin (D-Iowa), Chairman of the Senate Health, Education, Labor and Pensions Committee, will convene a hearing on July 12 at 2:30 p.m. to examine the role...

Zach Gronich, President and CEO of RIA in a Box, says that advisers who will need to register at the state level should be aware of the paperwork...