legislative updates

Financial Freedom Act Proposed in Senate

Senator Tommy Tuberville (R-AL) has introduced the Financial Freedom Act.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Legislative updates

Proposed Lump-Sum Buyout Disclosure Legislation Reintroduced

Senators Patty Murray (D-WA), Tina Smith (D-MN), and Tammy Baldwin (D-WI) reintroduced the Information Needed for Financial Options Risk Mitigation (INFORM) Act of 2022.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

Senate Proposal Would Allow Certain Plan Design Expenses from Plan Assets

Senators Jacky Rosen (D-NV) and Tim Scott (R-SC) have introduced S. 4086, the Increasing Small Business Retirement Choices Act.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

U.S. House Passes Significant Retirement Bill

The U.S. House of Representatives passed the Securing a Strong Retirement Act of 2022 (SSRA) by a 414-5 vote on March 29, 2022.

FuturePlan ERISA Team

Legislative updates

SECURE Act

IRA

Defined Contribution Plan

Defined Benefit Plan

DOL

ESOP

Washington Pulse

Penalty-Free Distributions for Domestic Abuse Victims Proposed

Senators Catherine Cortez Masto (D-NV) and John Cornyn (R-TX) have introduced the Savings Access for Escaping and Rebuilding Act of 2022 (SAFER Act).

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

Protecting America’s Retirement Security Act Approved by Committee

The House Committee on Education and Labor approved to release the Protecting America’s Retirement Security Act without amendments to the House floor for consideration.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

DOL

Protecting America’s Retirement Security Act Introduced

Representative Lucy McBath (D-GA) and five other Democratic co-sponsors have introduced the Protecting America’s Retirement Security Act in the House of Representatives.

FuturePlan ERISA Team

Defined Contribution Plan

Legislative updates

Health Care Equality and Modernization Act Introduced

Representative Peter Sessions introduced the Health Care Equality and Modernization Act of 2022 (the “Act”) in the House of Representatives.

FuturePlan ERISA Team

Healthcare Reform

HSA

Legislative updates

House Passes Retirement Reform Proposal

The House of Representatives has passed the Securing a Strong Retirement Act of 2022 (which lawmakers are coining SECURE 2.0) by a 414-5 vote.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Defined Benefit Plan

IRA

Long-Term Care Affordability Act Introduced

Representative Ann Wagner has introduced the Long-Term Care Affordability Act to allow distributions from retirement accounts for the payment of long-term care insurance coverage.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

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