Lawmakers Air Concerns About DOL Fiduciary Redraft
Lawmakers air concerns about the upcoming DOL fiduciary redraft release, lay out plans to ensure next Congress keeps the current retirement planning tax incentives intact
Prudential, MetLife Gain After Senate Eases Dodd-Frank for Insurers
Prudential and MetLife rallied after the Senate approved a bill giving Federal Reserve regulators more flexibility in applying capital rules to the biggest life insurers.
Congressional Hearing Tackles Long-Term Care Funding Woes
“Our current system of providing long-term care is unsustainable for both the government and for families,” Sen. Ben Nelson warned.
Congressional Committee Addresses ‘Retirement Crisis’
The Special Committee on Aging met recently to hear testimony on the “State of the American Senior: The Changing Landscape for Baby Boomers.”
Payroll Tax Cut Votes Reveal Washington's Political Fault Lines
Congress will likely pass some form of a payroll tax cut before 2011 is out, but the process is a painful one that shows just how divided Democrats and Republicans remain—and where the fault lines lie.
A Holiday From Histrionics
McGraw-Hill, parent to Standard & Poor’s, announced on Monday that it received a Wells notice from the SEC related to S&P’s rating of a collateralized debt obligation from 2007 (yes, 2007).
For Financial Reform Bill, All Signs Point to Senate Passage This Week
Having garnered key "yes" votes from three Republican Senators, Democratic leaders said Tuesday, July 13, they were confident the financial services reform bill would be passed by the Senate this week, and then sent to President Obama for his signature.
Financial Reform: Passage This Week, Senate Sources Predict
Three key Republican Senators now on board to support the bill.
Financial Reform Bill: Sen. Cantwell Switches to 'Yes' Vote
Republican Senators Brown, Grassley, Snowe, and Collins still undecided.
Next Steps for Congressional Action
As Investment Advisor went to press in mid-May, lobbyists and Congressional staffers were optimistic that the Senate would finish a vote on Senator Christopher Dodd's...