Financial Services Reform Bill Headed for Final Passage
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The House-Senate Conference on the financial regulatory reform bill initially completed its work on June 25 and approved the newly christened “Dodd-Frank Act” along a party line vote. Read more |
Senate Subchapter S Tax Hike Set Aside While Senate Grapples with Jobs, Tax Law Extenders and Unemployment Benefits (H.R. 4213) |
The Senate Leaderships’ June 25 decision to set aside H.R.4213, the jobs-extenders-unemployment extension bill means the bill’s tax pay-for/offset package was also put on hold. Read more
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Congress/Obama Finalize Pension
Funding
Relief Bill
No 401(k) Plan Fee Disclosure included |
On June 25 President Obama signed into law H.R.3962, a bill that provides relief for defined benefit (DB) plan sponsors that are struggling with their annual required contributions due to the precipitous drop in 2008 in the value of their plans’ assets. Read more |