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116th Congress Convenes; Organization Slowed Down by Partial Shutdown

February 15, 2019

Members of Congress returned to Washington, D.C. on January 3, 2019 for the opening of the 116th Congress, albeit under unusual circumstances with the federal government under a partial shutdown.

Shutdown Expected to Delay Agency Progress on Retirement Regulatory Projects

February 15, 2019

The partial federal government shutdown, which ended on January 25, 2019 after a record-breaking 35 days, is expected to impact the timing of output of regulatory and other guidance from key agencies that oversee retirement and benefits policy. 

Treasury Issues Tax Reform Guidance that May Impact Retirement Plans

February 15, 2019

The Department of the Treasury and the Internal Revenue Service (IRS) recently released two pieces of guidance implementing certain provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) that could be relevant to retirement plan sponsors.

Senators Portman and Cardin Introduce Expansive Retirement Bill

January 10, 2019

Senators Rob Portman (R-OH) and Ben Cardin (D-MD) introduced the Retirement Security and Savings Act of 2018 (S. 3781), a bill that the senators had initially released in October as a discussion draft to gather comments from stakeholders.

Senator Wyden Introduces Bill Allowing Matching Contributions for Student Loan Payments

January 10, 2019

Senator Ron Wyden (D-OR) introduced legislation that would allow employers to make matching contributions to employees’ retirement accounts based on employees’ student loan payments.