Key Legislative Issues
Retirement & Economic Initiatives
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- Congress Passes Major Finance Reform Bill; Regulators to Define “Swaps”
- ICMA-RC, posted July 26, 2010
- The House and Senate passed the final version of the financial services reform legislation. A provision directs the Commodity Futures Trading Commission and the Securities and Exchange Commission to study whether stable value contracts fall within the definition of a “swap.”
- Senate Special Committee on Aging Holds Hearing on Lifetime Income Options
- ICMA-RC, posted June 23, 2010
- The Senate Special Committee on Aging held a hearing on June 16, 2010 to discuss ways to help retirees convert their savings into retirement income for the rest of their lives. Committee members paid particular attention to testimony on how to educate individuals on retirement planning and flexible lifetime income solutions, particularly annuity products.
- American Recovery & Reinvestment Tax Act of 2009
- ICMA-RC, posted February 18, 2009
- The American Recovery & Reinvestment Tax Act of 2009 – commonly referred to as the Economic Stimulus Package – was signed into law on February 17, 2009. It contains a number of provisions that will benefit state and local governments as well as individuals by providing funding for projects and various forms of tax relief.
- Tapping into Your Retirement Funds Should be a Last Resort, Say ICMA-RC and NLC
- ICMA-RC, posted May 30, 2008
- With millions of homeowners across the nation facing the crisis in subprime mortgages, many with defined contribution retirement plans – including public sector employees – may be tempted to tap into them for loans and ready cash. But any early withdrawals from retirement savings accounts should only be considered a last resort.
- Outlook
- Washington Perspective, posted January 17, 2007
- Congress returns this month to face a shortened year due to the Presidential elections. In response to those pressures, it is expected to move quickly on broad and populist issues such as an economic stimulus package.
- Emergency Economic Stabilization Bill Becomes Law
- ICMA-RC, posted October 6, 2008
- The House of Representatives Friday (October 3, 2008) gave final approval of the $700 billion Emergency Economic Stabilization Act on a vote of 263 to 171. President Bush signed the legislation into law shortly after.
- Housing Act Aims at Easing Mortgage Credit Crisis
- ICMA-RC, posted August 29, 2008
- The housing bill President Bush signed into law in July contains a number of provisions aimed at restoring confidence in credit and housing markets by bringing financial help to homeowners facing or in foreclosure.
- Incentives for Older Workers Act
- ICMA-RC, posted May 30, 2008
- The Incentives for Older Workers Act, S. 2933, would eliminate barriers for older Americans who want to stay in the workforce longer, and encourage employers to recruit and retain older workers.
- Women’s Retirement Security Act of 2007 Reintroduced in Senate
- Washington Perspective, posted May 3, 2007
- The Women's Retirement Security Act of 2007, a bill aimed at boosting ways women can save for retirement, recently got a second chance at passage. Senators Gordon Smith (R-OR), Kent Conrad (D-ND) and John Kerry (D-MA) re-introduced the bill on May 3, 2007.
- Rangel Legislation Would Repeal Alternative Minimum Tax, Extend 2001 Tax Breaks
- ICMA-RC, posted October 27, 2007
- House Ways and Means Chairman Charles Rangel (D-NY) has introduced legislation that would repeal the Alternative Minimum Tax after 2007, extend tax cuts enacted in 2001 for an additional year, and reduce top corporate marginal tax rates, for a total reduction in taxes of up to $1 trillion over 10 years.
- Revised Women’s Retirement Security Bill to Be Introduced
- ICMA-RC, posted March 21, 2007
- Lawmakers are making revisions to a bill that places heavy emphasis on encouraging and educating women to save for their future.
- Women’s Retirement Security Bill Introduced
- Communications, posted October 4, 2006
- Sen. Gordon Smith introduced a new bill that places strong emphasis on encouraging and educating women to save. The legislation aims to provide women with simplified solutions that could help strengthen their ability to build retirement security.
- White House Proposes Health Reforms
- Washington Perspective, posted February 2007
- Democratic Control of Both Houses May Not Bring Legislative Changes Before 2008
- Washington Perspective, posted February 2007
- Legislation to Key in on Women’s Retirement Savings
- Posted July 28, 2006
- Senators Gordon Smith (R-OR) and Kent Conrad (D-ND), who together co-sponsored the Retirement Savings and Security Act of 2005 are teaming up once again to encourage Americans, and women in particular, to save for retirement.
- Shift in Congress Could Result in New Developments on the Retirement Horizon
- Washington Perspective, posted December 2006
- Perhaps the most significant effect of the change in control of Congress is the dramatic change in the leadership of the committees with jurisdiction over pension and benefit issues. The President has said he intends to work with Congress to find the most effective combination of reforms.
- Issues in the 2007 Budget
- Washington Perspective, March 2006, posted March 2006
- Overview of savings and retirement issues included in the Bush Administrations 2007 Budget Proposal.
- Resolving Social Security Impasse May Hold Key to Retirement Legislation
- Washington Perspective, August 2005, posted August 2005
- As Congress heads into its August recess, retirement issues remain at the top of the legislative agenda. Yet, much remains unclear about the ultimate shape of legislative change, if any, on issues as diverse as Social Security reform and incentives to improve the rate of retirement savings. In fact, the resolution of the former may be critical to any action on the latter.
- GROW Legislation Introduced
- Washington Perspective, August 2005, posted August 2005
- Republicans introduced the Growing Real Ownership for Workers Act of 2005 (GROW), which would create individual investment accounts from Social Security’s annual surpluses. The plan would provide a mechanism for paying for private accounts for Social Security, but does not address the issue of meeting the long-term funding requirements of the program.
| Displaying stories 1–19 of 19 | |◄ ►| |