July 21, 2016
NAIFA President Jules Gaudreau, along with several NAIFA Government Relations staff members, yesterday met with Securities and Exchange Commissioner Kara Stein at SEC headquarters in Washington, D.C.
The SEC is considering whether to propose a fiduciary standard for investment advisors and brokers under the Dodd-Frank financial reform law and what such a standard might entail. Earlier this year, the Department of Labor published a final rule establishing a fiduciary standard for advi...
July 14, 2016
A government-run health insurance option is misguided and would pose significant “economic drain” on the states, NAIFA President Jules Gaudreau said in response to recent endorsements from the White House and the Hillary Clinton campaign for a public plan.
“NAIFA strongly opposes a government run public plan that would unfairly compete with the private health insurance market, divide risk pools and pile-on significant unnecessary costs to health care reform,” Gaudreau said.” A government-r...
June 22, 2016
House Republicans today released a report outlining a plan to repeal and replace the Affordable Care Act with "an accessible and affordable health care system that promotes quality care and peace of mind."
“With House Republicans releasing a framework for replacing the Affordable Care Act, NAIFA looks forward to working with Congress on health care issues as they draft legislative language,” said NAIFA President Jules Gaudreau. “The new proposal would improve the health care system in a ...
June 15, 2016
The U.S. House Committee on Financial Services is considering the Senior $afe Act of 2016 ( H.R. 4538 ) in a markup session today. The bill would allow insurance and financial advisors to report suspected cases of financial fraud involving senior clients while limiting advisors’ liability when they act in good faith to protect their clients from potential fraud.
NAIFA President Jules Gaudreau made the following statement in a letter of support to the committee:
The National Associ...
June 8, 2016
NAIFA and the American Council of Life Insurers (ACLI) have filed a lawsuit in federal court challenging the U.S. Department of Labor’s fiduciary regulation.
“ACLI and NAIFA do so reluctantly,” ACLI President and CEO Dirk Kempthorne and NAIFA CEO Kevin Mayeux said in a joint statement .
The organizations believe the DOL regulation will “reduce Americans’ access to accurate and valuable information from financial professionals about their 401(k)s, IRAs and other retirement plans, inc...