National Association of Insurance and Financial Advisors

Bill-Impacting Controversy Awaits Congress’ Post-Labor Day Return to DC

September 17, 2019

Lawmakers came back to Washington the week of September 9 to an extensive and controversial agenda. The controversy could stymie a wide range of legislative initiatives—including a tax bill that could include NAIFA-supported priorities. Or, Congress could find compromises that enable enactment of more initiatives than just the must-pass government funding legislation.   Topping the list of items Congress will tackle this month is legislation to fund the federal government. That legislatio...

Retirement Bill Could Catch a Ride on Must-Pass Spending Legislation

September 17, 2019

Among the issues that may be included in this month’s must-pass government funding legislation is the NAIFA-supported pending retirement savings bill, H.R.1994, the SECURE Act. This bipartisan legislation would expand access to retirement plans for millions of Americans, especially those working for small businesses. It would allow older workers and retirees to contribute more to their retirement accounts. It would increase 401(k) coverage to part-time employees. It would prevent as many as 4...

Congress Will Tackle Health Issues This Month

September 17, 2019

Among the items that are high on Congress’ priority list for September are health issues, especially ways to address surprise billing and the cost of prescription drugs. This legislation, if it does not fall to irresolvable controversy, could provide a vehicle for enactment of other health issues, like repeal or delay of some of the Affordable Care Act’s (ACA’s) taxes.   Most lawmakers—from both parties and in both the House and Senate—want to address the problems of surprise billing and ...

NAIFA Submits Comments on LTCi to Treasury’s LTCi Task Force

September 17, 2019

On August 27, NAIFA submitted comments to the Treasury Department’s Federal Interagency Task Force on Long-Term Care Insurance (LTCi). NAIFA’s comments focused on the association’s support for federal and state proposals to increase consumer conversations and awareness of the social need for long-term care supports and services. Treasury’s LTCi Task Force is exploring potential reforms to federal law, regulation, and policy to complement LTCi initiatives at the state level.    NAIFA po...

Spending Decisions Will Impact Regulatory Initiatives like a New Fiduciary Rule

September 17, 2019

Congress must pass spending bills this month that will fund all government agencies, including the Department of Health and Human Services (HHS), the Treasury Department and the Department of Labor (DOL). The funding levels will influence the degree to which regulatory initiatives—including, for example, the DOL’s planned new ‘fiduciary’ rule—can move forward. The legislation is required by October 1, the start of the government’s next fiscal year.   The spending legislation that must be ...