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Legislative updates
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.
Regulatory and Legislative
ESOP Proposal Introduced in House
Representative Rick Allen (R-GA) has introduced the Retire through Ownership Act.
Regulatory and Legislative
ESOP Proposals Clear Senate HELP Committee
The Senate Health, Education, Labor and Pensions Committee unanimously advanced two bills to strengthen Employee Stock Ownership Plans.
Regulatory and Legislative
Plan Adoption Tax Credits for Nonprofits Proposed
Representative Vern Buchanan (R-FL) and several co-sponsors have introduced H.R. 4548, the Small Nonprofit Retirement Security Act.
Regulatory and Legislative
Bill Promoting ESOP Expansion Reintroduced
Senators Steve Daines (R-MT) and Maggie Hassan (D-NH) have introduced S. 2461, the Promotion and Expansion of Private Employee Ownership Act.
Regulatory and Legislative
ESOP Legislation Introduced
Senator Bernie Sanders (I-VT) and several Democrat sponsors have introduced S. 2458, the Employee Ownership Financing Act.
Regulatory and Legislative
Filing Relief for Natural Disasters Enacted
President Trump has signed into law the Filing Relief for Natural Disasters Act (“Act”).
Regulatory and Legislative
Pensions for All Proposed
Senator Bernie Sanders (I-VT) has released proposed legislation titled the Pensions for All Act.
Regulatory and Legislative
Bill to Improve Gig Worker Access to Retirement Introduced
Senator Bill Cassidy (R-LA) has introduced S. 2217, the Independent Retirement Fairness Act.
Regulatory and Legislative
Proposals to Improve Gig Worker Access to Benefits Released
Senators Bill Cassidy (R-LA), and Tim Scott (R-SC), have shared proposals that, according to a press release, would modernize federal labor law to empower 27 million independent contractors to access portable workplace benefits, like health care and retirement.