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Legislative updates
Industry & Regulatory News
ESOP Proposals Clear Senate HELP Committee
The Senate Health, Education, Labor and Pensions (HELP) Committee unanimously advanced two bills to strengthen Employee Stock Ownership Plans (ESOPs). S. 1728, the Employee Ownership Representation Act—sponsored by Senator Bill Cassidy (R-LA)—would add two ESOP board members to the ERISA Advisory Council.
Industry & Regulatory News
Plan Adoption Tax Credits for Nonprofits Proposed
Representative Vern Buchanan (R-FL) and several co-sponsors have introduced H.R. 4548, the Small Nonprofit Retirement Security Act.
Industry & Regulatory News
Bill Promoting ESOP Expansion Reintroduced
Senators Steve Daines (R-MT) and Maggie Hassan (D-NH) have introduced S. 2461, the Promotion and Expansion of Private Employee Ownership Act.
Industry & Regulatory News
ESOP Legislation Introduced
Senator Bernie Sanders (I-VT) and several Democrat sponsors have introduced S. 2458, the Employee Ownership Financing Act.
Industry & Regulatory News
Filing Relief for Natural Disasters Enacted
President Trump has signed into law the Filing Relief for Natural Disasters Act (“Act”). The Act allows the Treasury Department, after consulting with the Federal Emergency Management Agency, to postpone filing deadlines for affected individuals and businesses in a state-declared disaster area that has not yet received a federal disaster designation.
Industry & Regulatory News
Pensions for All Proposed
Senator Bernie Sanders (I-VT) has released proposed legislation titled the Pensions for All Act.
Industry & Regulatory News
Bill to Improve Gig Worker Access to Retirement Introduced
Senator Bill Cassidy (R-LA) has introduced S. 2217, the Independent Retirement Fairness Act.
Industry & Regulatory News
President Signs Tax Bill
President Trump signed into law tax legislation known as the ‘One Big Beautiful Bill Act’ on July 4, 2025. Details of certain provisions of the bill impacting savers can be found here.
Industry & Regulatory News
Washington Pulse - 2025 Tax Bill Provides Key Changes for Savers
Congress passed the tax bill known as the One Big Beautiful Bill Act (OBBBA) on July 3, 2025. This article outlines certain retirement and financial provisions included in the OBBBA.
News Releases
Senate Passes Its Version of Tax Bill
The Senate has passed by a vote of 51-50 its version of the tax reconciliation bill. The legislation will now move to the House as the President’s self-imposed July 4 deadline quickly approaches.