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DOL
Regulatory and Legislative
DOL Releases Employee or Independent Contractor Proposal
The Department of Labor has released a proposed rule intending to update the requirements for employers to determine employee or independent contractor status under the Fair Labor Standards Act.
Regulatory and Legislative
DOL Releases Paper Statement Proposed Rule
The Department of Labor has released a proposed rule making amendments to electronic disclosure safe harbors pursuant to the implementation of Section 338 of SECURE 2.0.
Regulatory and Legislative
DOL Sends Alternative Investment Rule to OMB
The Department of Labor has submitted a proposed rule titled Fiduciary Duties in Selecting Investment Alternative to the Office of Management and Budget for review.
Regulatory and Legislative
DOL Expands DFVCP to Late Form M-1 Filers
The Department of Labor has modified the Delinquent Filer Voluntary Correction Program to further facilitate and encourage voluntary compliance with ERISA’s reporting requirements.
Regulatory and Legislative
INVEST Act Clears House
The House of Representatives has passed the Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act by a vote of 302 to 123.
Regulatory and Legislative
DOL Paper Statement Proposed Rule at OMB
The Office of Management and Budget has received a proposed rule from the Department of Labor (DOL) titled "Requirement to Provide Paper Statements in Certain Cases-Amendments to Electronic Disclosure Safe Harbors”.
Regulatory and Legislative
DOL Issues Advisory Opinion Regarding Lifetime Income Solutions as a QDIA
The Department of Labor has issued Advisory Opinion 2025-04A.
Regulatory and Legislative
Aronowitz Confirmed as Assistant Secretary of Labor for EBSA
The Senate has confirmed Daniel Aronowitz as Assistant Secretary of Labor for the Employee Benefits Security Administration.
Regulatory and Legislative
House Committee Advances Retirement Proposals
The House Education and Workforce Committee has advanced several retirement bills following a markup.
Regulatory and Legislative
Proposal Allowing Unclaimed Retirement Distribution Transfers to State Unclaimed Property Programs Introduced
Representatives Ron Estes (R-KS), and Seth Magaziner (D-RI), have introduced H.R. 5325, the Unclaimed Retirement Rescue Plan.