Proposal Directing SEC to Allow Electronic Delivery Advances Out of Committee
A bill introduced by Congressman Bill Huizenga (R-MI), has been passed out of the House Financial Services Committee.
Disaster Assistance May Be Available for Nevada Severe Winter Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration for severe winter storms, flooding, landslides, and mudslides in Nevada.
Proposal to Encourage Profit Sharing Introduced in House
Congresswoman Bonnie Watson Coleman (D-NJ) has introduced H.R. 2628, the Employee Profit-Sharing Encouragement Act.
Waiver of Early Distribution Tax Proposed in House
Representative George Santos (R-NY) has introduced H.R. 2637, to provide for an exception to the 10-percent additional tax on early distributions from qualified retirement plans.
Bill Proposed in House to Allow CITs in 403(b) Plans
Congressman Patrick McHenry (R-NC), Chairman of the House Financial Services Committee has introduced H.R. 2799, the Expanding Access to Capital Act.
Disaster Assistance May Be Available for Texas Severe Storm
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 21, 2023, for a severe winter storm in Texas.
Disaster Assistance May Be Available for California Severe Winter Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 3, 2023, for severe winter storms in California.
Employer Tax Credits, Part 2
The SECURE 2.0 Act modifies one small-employer credit and creates another. These credits may make establishing and contributing to a plan much more attractive. Ultimately, these credits may make it possible for employers to adopt and run a plan with no out-of-pocket expense for the first few years that a plan is in place.
Biden Vetoes Resolution Disapproving DOL ESG Rule
As expected, President Biden has vetoed H.J. 30, a resolution for congressional disapproval of the Department of Labor’s rule “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.”
SEC Proposes Additional Requirements to Protect Consumer Financial Information
The SEC has proposed additional requirements for broker-dealers, investment companies, registered investment advisers and transfer agents.
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