DOL Invites Public Hearing on QPAM Exemption
The DOL is extending the comment period for receiving written comments related to prohibited transaction class exemption 84-14 (the Proposed QPAM Amendment) to October 11, 2022.
DOL to Reopen Comment Period for Proposed Prohibited Transaction Procedure
The DOL has announced a public hearing scheduled for September 15, 2022.
Retirement Protection Act Proposed in House
Representatives David Schwikert (R-AZ) and Byron Donalds (R-FL) have introduced H.R. 8579, the Retirement Protection Act.
Proxy Vote Changes for Index Funds Proposed in House
Representatives Bill Huizenga (R-MI) and Blaine Luetkemeyer (R-MO) have introduced HR 8521, the Investor Democracy is Expected (INDEX) Act.
IRS Extends Remedial Amendment Period for SECURE Act
The IRS issued Notice 2022-33 which extends the deadline for amendments to retirement plans and IRAs to adopt provisions enacted under the SECURE Act, the Miners Act, and some provisions under the CARES Act.
Another Cryptocurrency Proposal Introduced in Senate
Senators Debbie Stabenow (D-MI), and John Boozman (R-AR), along with Senators Cory Booker (D-NJ) and John Thune (R-SD), have introduced the “Digital Commodities Consumer Protection Act.”
Senate Proposal Would Modify Fiduciary Investment Selection Requirements
Senator Mike Braun (R-IN) and seven republican co-sponsors have introduced S. 4613, the Maximize Americans’ Retirement Security Act.
Temporary Waiver of RMDs Proposed in House
Representative Warren Davidson (R-OH) has introduced HR 8331, a bill that would provide for a suspension of RMDs from retirement plans and IRAs for the 2022 calendar year.
Discussion Draft on Financial Privacy Introduced
Congressman Patrick McHenry (R-NC) has released a discussion draft of legislation to modernize financial privacy laws and give consumers more control over how their personal information is collected and utilized.
Senate Finance Committee Advances EARN Act
The Senate Finance Committee conducted a hearing today to consider the Enhancing American Retirement Now (EARN) Act.
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