OMB Completes Review of DOL Regulatory Terms
Two Department of Labor (DOL) regulatory actions have been removed from the Office of Management and Budget’s list for review.
Proposed Automatic Portability Exemption at OMB
The Office of Management and Budget has received a proposed rule from the Department of Labor titled “Exemption for Certain Automatic Portability Transactions”.
DOL Issues Final Rule Updating Davis-Bacon Regulations
The Department of Labor has issued a final rule updating the Davis-Bacon Act and the Davis-Bacon Related Acts nearly 40 years after the Department last completed a comprehensive revision of the guidelines.
DOL Final Rule on QPAM Exemptions at OMB
The Office of Management and Budget has received a final rule from the Department of Labor titled “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager”.
DOL Proposes Expanded Definition of Investment Advice Fiduciary
The proposed rule expands the definition of fiduciary; requires that advice being given to a broader range of retirement investors meet fiduciary standards; and treats more rollover recommendations as fiduciary advice.
DOL Releases Proposed Fiduciary Rule
The Department of Labor (DOL) has released a new proposed rule updating the definition of an investment advice fiduciary under ERISA.
DOL Issues Advisory Opinion Regarding Investment Management Fees
The Department of Labor has responded to fiduciary responsibility questions from Citigroup Inc. (Citi) related to their Racial Equity Asset Manager Program.
DOL Sends Fiduciary Rule to OMB
The Department of Labor has sent a proposed rule titled “Retirement Security” to the Office of Management and Budget.
DOL Extending Grace Period for EFAST2 Using Login.gov
The Department of Labor’s (DOL) Employee Benefits Security Administration has announced that it will extend the grace period to obtain new Login.gov credentials for the EFAST2 filing system until December 31, 2023.
DOL Releases Updated Davis-Bacon Regulations
The Department of Labor’s (DOL’s) Wage and Hour Division has released a final rule updating the Davis-Bacon and Related Acts Regulations.
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