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Industry & Regulatory News
House Passes Reconciliation Tax Bill
The House of Representatives has passed their version of the reconciliation tax bill—H.R. 1, the One Big Beautiful Bill Act—by a vote of 215-214.
Industry & Regulatory News
Proposal Allowing CITs in 403(b) Plans Clear House Committee
H.R. 1013, the Retirement Fairness for Charities and Educational Institutions Act introduced by Representatives Frank Lucas (R-OK) and several cosponsors in February was one of several bills advanced out of the House Financial Services Committee.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Several States
The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on May 21, 2025, for the following.
Industry & Regulatory News
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The Internal Revenue Service (IRS) has issued Notice 2025-29, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Industry & Regulatory News
IRS Announces Applicable Federal Rates for June
The IRS has issued Revenue Ruling 2025-12 which contains the applicable federal rates (AFR) for June 2025.
Industry & Regulatory News
Proposal to Increase Retirement Plan Access for Younger Workers Reintroduced
Senator Bill Cassidy (R-LA), and co-sponsor Tim Kaine (D-VA) have reintroduced the “Helping Young Americans Save for Retirement Act”.
Industry & Regulatory News
Tax Bill Passes out of Committee
The House Committee on Ways and Means has approved their tax package out of committee by a party line vote of 26-19 following a markup hearing.
Industry & Regulatory News
Proposal Would Expand Medical Expense Coverage for Caregivers
Senators Jacky Rosen (D-NV) and Bill Cassidy (R-LA) have introduced S. 1565, the Lowering Costs for Caregivers Act.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Arkansas Storms
The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on May 8, 2025, for Arkansas severe storms and tornadoes, for the incident period of March 14-15, 2025.
Industry & Regulatory News
House Releases Proposed Tax Bill
The House Committee on Ways and Means has released draft text of a budget bill and a section by section summary ahead of a full committee markup of the bill scheduled today. While the proposal represents an early marker of what is expected to be a rigorous process through reconciliation, the following provisions are highlighted.