Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
U.S. Credit Rating Downgraded From AAA by Fitch
By Benjamin PurvisThe ratings group had warned that it might trim the nation's credit grade in May, when lawmakers fought over raising the nation's borrowing limit.
July 27, 2023
New Bill Allows Auto-Reenrollment in Retirement PlansPlan sponsors would be able to reenroll non-participants at least once every three years.
July 25, 2023
GOP Spending Bill Keeps DOL Indie Contractor Rule AliveBill includes the Independent Contractor rider, which "would require that no funds be used to block" the Trump-era rule, along with a new DOL rule.
July 25, 2023
Medicare Advantage Plans Face More Budget PressureA group says Congress could save that by correcting enrollee health scores.
July 25, 2023
GAO to DOL: Pay More Attention to 403(b) PlansThe report could also boost efforts to apply a fiduciary rule to non-ERISA 403(b) plans.
July 14, 2023
These Secure 2.0 Provisions Provide the Most Value to Your ClientsThe Secure acts and state legislation could lead to $7 trillion in new retirement assets by 2028, experts say.
July 14, 2023
Senate Spending Bill Pumps $14M Into Secure 2.0 ImplementationThe Senate Appropriations Committee also expressed concerns about the SEC's Investor Advisory Committee and CAT.
July 13, 2023
New Bill Puts Clamp on SEC's CATThe bill would greatly restrict the SEC from collecting personally identifiable information for the system, said Rep. Barry Loudermilk.