National Association of Insurance and Financial Advisors

115th Congress Fades into History without Enacting RESA

January 16, 2019

The 2017-2018 115 th Congress adjourned sine die without enacting the NAIFA-supported retirement savings package (or any of the other pending legislation in the end-of-Congress queue). In fact, the 115 th Congress ended with such a sputter that lawmakers left much of the federal government unfunded, resulting in an ongoing partial government shutdown.   Funding for nine agencies—including the Treasury Department and its Internal Revenue Service (IRS) and the Securities and Exchange Co...

116th Congress Post Government Shutdown Agenda Includes Taxes, RESA, ACA

January 16, 2019

The new Congress’ post-partial government shutdown agenda looks like it will include taxes, retirement savings, and Affordable Care Act (ACA) fixes. However, priorities will differ in the GOP-controlled Senate and Administration from those in the Democratic-controlled House. Following is a rundown of what to expect from Congress once the government is reopened.   House Ways & Means Committee Chairman Rep. Richard Neal (D-MA) says no legislation will move through his committee without hea...

Federal District Court Rules ACA Unconstitutional

January 16, 2019

A federal district court in Texas has ruled the entirety of the Affordable Care Act (ACA) is unconstitutional. However, the court put the ruling on hold for the time it will take to appeal it, so the ACA remains in full force and effect pending the outcome of an appeal.   On December 14, 2018, U.S. District Court Judge Reed O’Connor in Fort Worth, TX, ruled that the entirety of the ACA is invalid because one of its central provisions—the individual mandate that people carry health insuran...

Congress May Explore Medicare for All

January 16, 2019

The new Democratic majority in the House of Representatives means more focus on some form of single-payer health insurance proposal. At the moment, the most likely proposal to get lawmakers’ attention is the “Medicare for All” idea. A government option within the Affordable Care Act (ACA) is also possible.   House Budget Committee Chairman Rep. John Yarmuth (D-KY) has sent a formal request to the Congressional Budget Office (CBO) asking for a review of the issues lawmakers would have to t...

NAIFA Submits Comments on MEPs Reg

January 16, 2019

On December 20, NAIFA submitted comments to the Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) on its proposed multiple employer pension (MEP) plan regulation. Generally, the comments noted that pending MEP legislation really is needed to materially expand MEP opportunities. NAIFA urged EBSA to maximize regulatory relief within existing statutory authority on business nexus, one-bad-apple, and business purpose rules.   The NAIFA comments identified as “sign...