The Department of Labor (DOL) has appealed the November Eastern District of Texas district court ruling that overturned the agency’s updated white-collar exemption to the Fair Labor Standards Act’s (FLSA’s) overtime (OT) rules. However, the Trump Administration could reverse the decision to appeal to the Fifth Circuit Court of Appeals.
Recent posts by NAIFA
1 min read
Congress Announces New Members of Tax-Writing Committees
Both Republicans and Democrats have named the members joining the House Ways & Means and Senate Finance Committees for the 119th Congress. These lawmakers will have particular influence over what goes in and what stays out of the massive tax bill Congress intends to enact this year.
Topics: Taxes Congress
1 min read
Congressional Republicans Want to Expand HSAs, AHPs
Republicans in both the House and Senate are talking about expanding health savings accounts (HSAs) and association health plans (AHPs). There is a growing sense that these policies will help grow health coverage and reduce health insurance costs. Interest in HSAs and AHPs appear to be the emerging Republican answer to the Affordable Care Act (ACA).
Topics: Health Care Health Savings Accounts
2 min read
Retirement Savings, Death Benefits on Most Recent JCT Tax Expenditure List
The Joint Committee on Tax’s (JCT’s) most recent “tax expenditure list” includes trillions in foregone federal revenue as a result of the tax rules governing retirement savings, life insurance death benefits and cash values, and employer provided health insurance.
Topics: Retirement Tax Reform
2 min read
Lame Duck 118th Congress Aims to Wind Up with Government Funding
The outgoing 118th Congress must fund U.S. discretionary spending by December 20. Issues in play in that effort include extension of authority and funding for the National Flood Insurance Program (NFIP), delay of the Corporate Transparency Act’s (ACT’s) Beneficial Ownership Information (BOI) rule, and possibly technical corrections to SECURE retirement savings law.
Topics: Federal Advocacy Congress
3 min read
Republicans Will Control the 119th Congress; Face Substantial Challenges
In 2025-2026, Republicans will control the White House (Trump/President), the Senate (53 to 47), and the House (220 to 215). But despite winning the trifecta, GOP lawmakers will confront significant challenges next year. They include a spiraling deficit that will make enactment of GOP priorities difficult, and deep divisions between ultra-conservative and more centrist Republicans.
Topics: Federal Advocacy Congress
2 min read
CTA BOI Reporting Requirement on Hold
A Texas district court has issued a temporary nationwide injunction blocking enforcement of the Corporate Transparency Act’s (CTA) requirement (the Beneficial Ownership Information, or BOI rule) that forces U.S. businesses to report the names and identifying information of their beneficial owners. Legislation to delay the reporting requirement is pending before Congress.
Topics: Federal Advocacy
2 min read
Deficits Trigger Organized Spending Cut Initiative
Federal deficits projected to grow to almost $2 trillion next year have triggered creation, by President-Elect Trump, of a Department of Government Efficiency (DOGE). DOGE’s goal is to cut federal spending by $2 trillion.
Topics: Federal Advocacy Federal Deficit
1 min read
FSA Expansion Bill Introduced
Sen. John Kennedy (R-LA) on December 3 introduced a bill to increase the amount a Flexible Spending Arrangement (FSA) owner can contribute to his/her FSA for dependent care expenses. While it is unlikely this bill will be enacted this year, its introduction tees up the issue for the incoming 119th Congress.
Topics: Federal Advocacy
2 min read
Federal District Court Strikes Down DOL’s New White Collar Exemption Rule
On November 15, the federal District Court in the Eastern District of Texas struck down the Department of Labor’s (DOL’s) latest attempt to raise the salary threshold piece of the white-collar exemption to the Fair Labor Standards Act’s (FLSA’s) overtime (OT) pay rules. The court ruled that DOL exceeded its statutory authority in promulgating a rule that addressed only the salary threshold piece of the white-collar exemption from FLSA’s OT rules.
1 min read
Bessent Nominated to Head Treasury Department
Billionaire hedge fund manager and investor Scott Bessent is President-Elect Trump’s choice to head the Treasury Department. He says tariffs will be his top priority.
Topics: Federal Advocacy
1 min read
Trump to Nominate Former Rep. Chavez-DeRemer to Head DOL
President-Elect Trump has announced he will nominate former Rep. Lori Chavez-DeRemer (R-OR) to be Secretary of the Department of Labor (DOL). Rep. Chavez-DeRemer lost her bid for reelection last month. She is viewed as a pro-labor Republican, one of only a handful of GOP House members who cosponsored the labor-friendly PRO Act
Topics: DOL
1 min read
Paul Atkins Nominated to Chair SEC
Former Securities and Exchange Commissioner (SEC) Paul Atkins will be nominated by President-Elect Trump to chair the SEC. Experienced at the SEC, Atkins served as one of the agency’s commissioners from 2002 to 2008 and worked as an SEC staffer during the 1990s.
Topics: SEC
1 min read
Robert F Kennedy Jr. Nominated to Lead HHS
Robert F Kennedy Jr. is President-Elect Trump’s choice to be Secretary of the Department of Health and Human Services (HHS). A vaccines skeptic, Kennedy’s nomination is controversial, at least at this stage of the process.
Topics: Federal Advocacy
1 min read
Dr. Oz Is Trump’s Nominee for CMS
Dr. Mehmet Oz, a tv personality who lost his bid for Pennsylvania’s Senate seat two years ago, is President-Elect Trump’s nominee as the head of the Centers for Medicare and Medicaid Services (CMS).
Topics: CMS
1 min read
Hassett Tapped to Head National Economic Council
President-Elect Trump has chosen Kevin Hassett, an economist currently working as a fellow at the Hoover Institute at Stanford University, to head the National Economic Council (NEC). The NEC works closely with the Treasury Department as a hands-on policy-making team.
Topics: Federal Advocacy
2 min read
NAIFA’s Bianca Alonso Weiss Attends NCOIL Annual Fall Meeting
NAIFA State Government Relations Manager, Bianca Alonso Weiss, attended NCOIL’s Annual Fall Meeting on November 21-23, where she had the opportunity to strengthen NAIFA’s relationships with state legislators and industry trade partners, as well as advocate for key priorities affecting NAIFA members. Several NCOIL sessions discussed topics of interest to NAIFA.
Topics: Interstate Advocacy NCOIL
3 min read
NAIFA’s Roger Moore Attends NAIC Fall Meeting
NAIFA’s Policy Director Roger Moore attended NAIC’s Fall National Meeting, November 16-19. During the meeting, NAIC committees and working groups discussed multiple topics of interest to NAIFA members, including long-term care insurance, privacy protections, the use of artificial intelligence in insurance, producer licensing, and annuity standards. Additionally, a slate of new officers was elected for 2025, including Commissioner John Godfried (ND) as President; Commissioner Scott A. White (VA) as President-Elect; Director Elizabeth Dwyer (RI) as Vice President; and Commissioner John Pike (UT) as Secretary-Treasurer. The new officers will assume their duties beginning January 1, 2025.
Topics: NAIC
2 min read
CMS Releases 2026 Medicare Advantage & Part D Proposed Rule
CMS is proposing actions in the Medicare Advantage (MA) and Medicare Part D prescription drug programs to continue to strengthen protections and access to care for people with Medicare. The proposed rule aims to hold MA and Part D plans more accountable for delivering high-quality coverage so that people with Medicare are connected to the care they need when they need it.
Topics: Legislation & Regulations Medicare Medicare Part D
2 min read
Donald Trump Wins Presidency
Donald Trump’s victory was declared when, at just about 5:30 a.m. on Wednesday, November 6, the media projected he had won swing state Wisconsin, taking him over the 270-vote electoral college count needed to win the presidency.
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