Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Regulation and Compliance > Federal Regulation > DOL

Biden Picks Benefits Lawyer to Head Labor's EBSA

By Melanie Waddell

X
Your article was successfully shared with the contacts you provided.

What You Need to Know

  • Lisa Gomez would replace former EBSA head Preston Rutledge.
  • If confirmed, Gomez would join Labor as it works on its new fiduciary rule.
  • Gomez, a partner at Cowen Weiss and Simon in New York, specializes in employee benefits law.

President Joe Biden has nominated Lisa Gomez, a partner at Cowen Weiss and Simon in New York, to head the Labor Department’s Employee Benefits Security Administration.

Gomez, who specializes in employee benefits law, joined the firm in 1994 and became a partner in 2002.

She is the chair of the firm’s management committee and represents and advises a federal employee health benefit plan, various multiemployer pension and welfare plans, single employer plans, and jointly administered training program trust funds, as well as plans sponsored by unions for their internal staff, according to her bio.

Gomez, who would replace former EBSA head Preston Rutledge, provides advice on compliance with a variety of health care and labor laws, including the Employee Retirement Income Security Act, the Internal Revenue Code and the Affordable Care Act.

If confirmed, she would join EBSA as Labor works to issue a proposed rulemaking to update the definition of “fiduciary” under ERISA.

She also advises plans on design and administration, benefit claims and fiduciary issues, delinquency collection, participant communications, service provider agreements and qualified domestic relations orders and represents them in various types of litigation, her bio states.

Rutledge, who was head of EBSA from January 2018 to May 2020, said at an event held in late April by the Insured Retirement Institute: The fiduciary debate “does seem to be the never-ending issue. But part of that is the importance of protecting participants and plans is also a never-ending job… Whether we’re in the middle of rule-writing or not, this [fiduciary issue] is something that you never completely lay down and say we’re done.”

Melanie Waddell

@Think_MelanieW

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.