Senate HELP Committee Advances Su’s Nomination on Partisan Lines
No floor vote has been scheduled for the confirmation of the acting Secretary of Labor, who faces Republican opposition.
Tag: DoL
Acting Labor Secretary Su Says SECURE 2.0 Guidance Coming in “Timely Manner”
Committee to consider Su's confirmation to replace Marty Walsh, who left the DOL in February.
DOL Takes On Lawsuit Challenging Its ESG Rule
The Department of Labor argued the ESG rule merely permits ESG considerations and is consistent with ERISA.
EBSA Provides More Time for QPAM Exemption Proposal Comments
The proposed changes to the QPAM exemption can now receive public comment until April 6.
Biden’s First Veto Keeps DOL’s ESG Rule in Place
The president followed through on his promise to veto a Congressional attempt to nix a DOL rule allowing ESG investing...
Anti-ESG States Continue Organizing
Policy experts say that ESG policy is likely to be most active at the state level.
White House Budget Proposal Increases Funding for DOL Enforcement Actions
President Joe Biden’s proposal for fiscal 2024 also provides Social Security Administration, IRS with more money to improve customer service.
EBSA Announces Three-Part Webinar Series on Fiduciary Duties
The webinars will cover retirement plans and group health plans.
Five New Members Added to ERISA Advisory Council
The five new members join the Council, totaling 15 members, who give advice to the DOL on ERISA regulatory matters.
As US Awaits Biden Veto to Keep ESG Rule, Advisers Shrug
Much ink has been spilled over legislation to overturn a DOL rule that allows ESG investing in retirement plans. Plan...
Senate Joins House in Refuting DOL’s ESG Rule
A resolution to nullify the DOL's rule permitting ESG investing in retirement plans will now go to President Joe Biden,...
House Passes Resolution to Repeal DOL 401(k) ESG Rule
The resolution catalyzes the debate over whether to allow ESG investing considerations in retirement savings plans, with the Senate next...
Biden To Nominate Su for Secretary of Labor
Deputy Secretary of Labor Julie Su has been selected to replace the outgoing Marty Walsh, but Senate confirmation may bring...
EBSA Head Says Disclosure, SECURE 2.0, ESG Are Key Priorities
EBSA’s Lisa Gomez identified upcoming regulatory priorities related to SECURE 2.0 and the importance of effective disclosure at a conference...
DOL Updates Form 5500 for 2023
This year’s changes include reporting modifications for PEPs and small plans.
Embattled DOL ESG Rule Receives Democratic Congressional Support
A DOL rule permitting ESG considerations in retirement plan investing has been challenged by two separate lawsuits. House Democrats are...
Legal Complaint Says DOL’s ESG Rule “Jeopardizes” Retirement Savers
A second lawsuit in less than a month has been brought challenging the legality of the DOL’s rule concerning ESG...
Expert: Advisers Should Pause on DOL Rollover Guidance Despite Court Reversal
In the meantime, legal experts discourage advisers from violating it in case it is re-instated.
Senator Pushes For Crypto Option in 401(k) Plans
Republican Senator Tommy Tuberville reintroduced a bill pushing back on DOL guidance that limits 401(k) providers offering crypto in plans.
Labor Secretary Walsh Departing to Lead NHL Player Union
The DOL confirmed reports that Walsh will depart in mid-March; deputy secretary Julie Su will serve as acting secretary.