Regulatory and Legislative

Prime Interest Rate Increased to 8.00 Percent
Effective March 22, 2023, the prime interest rate increased from 7.75 percent to 8.00 percent.
Regulatory and Legislative
Effective March 22, 2023, the prime interest rate increased from 7.75 percent to 8.00 percent.
Regulatory and Legislative
The IRS has issued Revenue Procedure 2023-17 announcing the 2024 indexed adjustments to the amounts used to calculate employer shared responsibility payments.
Regulatory and Legislative
The Department of Labor (DOL) has reopened the comment period for receiving written comments related to prohibited transaction class exemption 84-14 (the Proposed QPAM Amendment) to April 6, 2023.
Effective March 22, 2023, the prime interest rate increased from 7.75 percent to 8.00 percent.
The IRS has issued Revenue Procedure 2023-17 announcing the 2024 indexed adjustments to the amounts used to calculate employer shared responsibility payments.
The Department of Labor (DOL) has reopened the comment period for receiving written comments related to prohibited transaction class exemption 84-14 (the Proposed QPAM Amendment) to April 6, 2023.
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 20, 2023, for severe storm and flooding in Vermont.
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.”