House Passes Tax Relief for Fraud Victims
H.R. 9500, the Tax Relief for Fraud Victims Act, introduced by Representatives Max Miller (R-OH) and Thomas Suozzi (D-NY), passed the House by a vote of 408-17.
Resources
ESOP Bill Passes House
The House of Representatives has passed S. 2403, the Retire through Ownership Act by a vote of 401-14.
Prime Interest Rate Increased to 7.0 Percent
Effective September 16, 2026, the prime interest rate was increased from 6.75 percent to 7.0 percent.
IRS Clarifies Amendment Deadlines Under SECURE 2.0
The Internal Revenue Service (IRS) issued a bulletin responding to stakeholder requests for clarification regarding the deadline for adopting plan amendments implementing SECURE and SECURE 2.0 provisions.
SEC Proposes Proxy Reform
The Securities and Exchange Commission (SEC) has proposed recission of Rule 14a-8, the shareholder proposal rule, to leave determinations of when companies must include shareholder proposals in their proxy materials to state law.
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The Internal Revenue Service has issued Notice 2026-57, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Automatic Portability Rule at OMB
The Office of Management and Budget received for review a final rule from the DOL implementing a statutory exemption for the receipt of fees and compensation related to automatic portability transactions.
IRS Extends Tax Deadlines for Hawaii and Oglala Sioux Tribe Disaster Victims
The Internal Revenue Service (IRS) has postponed certain tax-related deadlines for taxpayers affected by disasters in Hawaii and for the Oglala Sioux Tribe.
Newport/PLANSPONSOR Survey Finds More Than 80% of Employers View NQDC Plans as Effective Tools for Attracting and Retaining Executive Talent
Ascensus, the engine at the center of America’s savings ecosystem, today released its 2026 Newport/PLANSPONSOR NQDC Plan Trends Survey Report, revealing that employers are rethinking executive benefits as part of broader talent and financial wellness strategies amid growing financial complexity for highly compensated employees.