Congress

SEC to Vote / Dem Debate Guide / AALU Action with Schweikert and Schneider / Retirement Bill on the Move

Topics: Advisor standard of conduct, Congress, Regulation, Retirement security, SEC

May 31, 2019 SEC Expected to Finalize Standard of Conduct Rule on June 5 The SEC will hold an open hearing on June 5th, where the Commission is expected to vote to finalize their standard of conduct proposal for broker-dealers and advisors. The SEC initially proposed the rule in April of 2018, and it consists…

SECURE Act Floor Action / Ambassadors in Action with Sens. Scott and Cornyn / DOL Rule

Topics: Advisor Standard of Care, Congress, DOL, IRS, Regulation, Retirement security, SEC, Treasury Department

May 17, 2019 This Week in Washington We learned yesterday that the full House of Representatives will vote on the SECURE Act (H.R. 1994) next week. AALU’s Capitol Hill Club Day during TRANSFORM 2019 played a key role in driving this legislation forward. Ambassador in Action During TRANFORM 2019, Ambassadors met with Sens. Tim Scott...

COLI/BOLI Alert; Amb Action w/ Rep. Gottheimer (D-NJ); NJ fiduciary proposal; How SECURE Act and RESA could help your business?

Topics: Advisor standard of conduct, COLI/BOLI, Congress, Regulation, Retirement security

April 19, 2019 This Week in Washington COLI/BOLI Alert: Proposed Regulation Responsive to Life Insurance Concerns The Tax Cuts and Jobs Act of 2017 included language that modified the Transfer for Value rules related to certain life insurance contracts by subjecting them to new reportable policy sale requirements. This new provision has a narrow, but…

Retirement bills on the move; Who in Congress worked in Life Insurance; NY Best Interest Rule; Ambassadors in Action; Exec Comp Tax

Topics: Advisor standard of conduct, Congress, IRS, Regulation, Retirement security, Treasury Department

April 5, 2019 Retirement Bills on the Move Late last Friday, Ways and Means Committee Chairman Richie Neal (D-MA), Ranking Member Kevin Brady (R-TX), Rep. Ron Kind (D-WI), and Rep. Mike Kelly (R-PA), introduced the Setting Every Community Up for Retirement Enhancement Act (SECURE Act / H.R. 1994). The SECURE Act builds on legislation AALU…

Who in Congress worked in Life Insurance?; Are YOU ready for CHC?; SEC Variable Annuity and Life Disclosure Proposal; Attention on Budget Deficits

Topics: Congress, Regulation, SEC

March 22, 2019 From Producer to Member of Congress! Every one of the 540 members of Congress did something else before they were elected. Did you know the 116th Congress includes two former Mixed Martial Arts fighters? (Rep. Markwayne Mullin (R-OK) and Rep. Sharice Davids (D-KS)). Members of Congress are tasked with legislating on a…

PODCAST w/ Reed & Gottheimer; SEC Best Interest; EC Spotlight: McHenry; Retirement & Cybersecurity

Topics: Congress, Regulation, Retirement security, SEC Fiduciary

March 15, 2019 A Republican and a Democrat Walk Into a Recording Studio….Part Two “When people come to our offices or send us a note, it makes such a difference.” “Get engaged. Stay engaged.” The value of committed constituent advocates isn’t the only thing these two unusual Members of Congress agree on. Tune into the…