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Find out who your representatives are! AALU has a program that can find your Members of Congress via your home address. This is particularly helpful for those who live near congressional district lines or live in populated areas like New York City that have a lot of districts in a small area. Try it out…
Base Spending Levels & Caps – FY 2020-FY 2021 The fiscal 2020 base spending caps would be set at: $666.5 billion for defense — $90.3 billion increase over current fiscal year 2020 cap, $19.5 billion more than in fiscal year 2019. $621.5 billion for non-defense — $78.3 billion increase over current cap, $24.5 billion more…
Join the growing number of AALU members who are meeting their representatives through AALU’s Political Affairs department. Building relationships with lawmakers and their staff – is a crucial part of what we do as an organization to promote and protect the profession. Share your stories to educate your representatives, and show how your business benefits…
Below are national polling averages from both before and after the debates. Former Vice President Joe Biden took the biggest dip, while Sen. Kamala Harris (D-CA) more than doubled her share of support. While Biden remains the overall leader, Harris’s surge in polling shows that her debate performance resonated heavily with voters – at least…
This past Monday, AALU Ambassador Jeff Peterson hosted Rep. Mike Thompson at the Northwestern Mutual Offices in San Francisco. Rep. Thompson, who represents Northern California’s 5th district which covers Napa Valley, has long been a champion of financial and retirement security issues facing our industry and consumers. The conversation was a productive one, with Jeff…
The most expedient way to pass the SECURE Act before August is through unanimous consent—the procedure by which a bill can be passed without the usual debate and amendment procedures because all senators agree. However, it only takes one senator to block this route, and three senators currently have objections. Sen. Ted Cruz (R-TX) wants…
Top four takeaways from the Congressional Management Foundation’s webinar on building relationships with lawmakers: The form of advocacy that most influences Members of Congress is in-person meetings with constituents – especially constituents who are representing a larger group or organization. In CMF’s research and surveys, these meetings ranked significantly higher than meetings with lobbyists. The…
New Jersey proposed a rule in April that would apply a fiduciary duty to all brokers and advisors registered with the NJ Bureau of Securities – including advice around the opening of or transfer of assets to any type of account. While the proposal applies to the sale of securities, it does not apply to…
To pay for the cost of the tax extender bill, Democrats proposed rolling back the temporarily doubled estate and gift tax exemptions enacted in the TCJA—the doubled exemptions would sunset in 2022 instead of 2025. As we stressed during the passage of the TCJA, Democrats would likely look at the estate tax as a revenue…