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Advocacy in action blog

2 min read

The NAIFA Advocacy Webinar, 'Tax Reform Priorities and Politics,' Is Available On Demand

By NAIFA on 6/14/24 4:44 PM

Major federal tax legislation is all but certain to be coming from Washington, D.C., in 2025. Many provisions from the 2017 Tax Cuts and Jobs Act (TCJA) are set to expire at the end of next year and Congress will need to address the situation. This NAIFA advocacy webinar, originally produced June 13 but now available on demand, gives you a better understanding of what is being dubbed the "Super Bowl of Tax" and provides insights into some of the proposals likely to shape the debate. It provides analysis of how the political landscape and upcoming election will shape the tax reform issue.

Topics: Webinar Federal Advocacy Tax Reform
2 min read

NAIFA Joins Coalition to Advocate for Tax-Free Employer-Provided Health Care Coverage

By NAIFA on 6/11/24 3:22 PM

NAIFA has joined forces with 70 organizations, employers, unions, patient and disease advocacy groups, and other health care stakeholders to emphasize the importance of maintaining the tax-free status of employer-provided health care coverage. In a united front, these organizations reminded Congress of the critical role this coverage plays in ensuring the health and financial security of nearly 180 million Americans.

1 min read

Join us for the Q3 State of NAIFA Webinar

By NAIFA on 6/3/24 5:06 PM

NAIFA members are invited to the Q3 State of NAIFA webinar at 12 pm Eastern, June 27, 2024. Hear updates on NAIFA's advocacy efforts, professional development programs and other membership activities designed to enhance your professional growth.

2 min read

Insurance Associations File Legal Action Challenging U.S. Department of Labor’s Fiduciary-Only Regulation

By NAIFA on 5/24/24 4:21 PM

Nine insurance trade associations filed a lawsuit today against the U.S. Department of Labor (DOL) to overturn a regulation limiting consumers' choice of financial professional and their access to retirement products that deliver protected lifetime income.

The American Council of Life Insurers (ACLI), National Association of Insurance and Financial Advisors (NAIFA), NAIFA-Texas, NAIFA-Dallas, NAIFA-Fort Worth, NAIFA-POET, Finseca, Insured Retirement Institute (IRI), and National Association for Fixed Annuities (NAFA) issued the following comments on their challenge to the DOL's harmful intervention in the retirement savings marketplace and its one-size-fits-all fiduciary standard obligation on effectively every financial professional who sells retirement products:

Topics: Standard of Care & Consumer Protection Press Release DOL
3 min read

Financial Professionals to Advocate for Their Businesses and Clients at NAIFA’s Congressional Conference

By NAIFA on 5/16/24 10:07 AM

NAIFA is hosting the 11th annual Congressional Conference May 20-21 at the JW Marriott in Washington, D.C. The event will feature targeted advocacy training with briefings on legislative issues that affect members’ businesses, clients, and communities. Washington insiders will offer best practices for conducting Congressional meetings and tips for developing impactful long-term relationships with legislators.

Topics: Press Release Federal Advocacy Congress Congressional Conference
1 min read

Mayeux Thanks Lawmakers for CRA Resolution Disapproving of the DOL’s Fiduciary-Only Rule

By NAIFA on 5/15/24 12:07 PM

NAIFA supports the newly introduced Congressional Review Act (CRA) resolution disapproving the DOL’s final fiduciary-only rule that will negatively impact and impose new costs on middle- and low-income savers, as well as financial services professionals. CEO Kevin Mayeux, CAE, sent letters personally thanking Representative Rick Allen and Senators Roger Marshall, Joe Manchin, Ted Budd, and Bill Cassidy for introducing the resolution in the House and Senate, respectively. ACLI, NAIFA, Finseca, IRI and NAFA also issued a joint release supporting the CRA review.

Topics: Legislation & Regulations Standard of Care & Consumer Protection Federal Advocacy DOL
1 min read

NAIFA's Support for Senior Protection Legislation Recognized by Member of Congress

By NAIFA on 5/13/24 10:52 AM

NAIFA supports the bipartisan Empowering States to Protect Seniors Against Bad Actors Act, which would establish a grant program at the U.S. Securities and Exchange Commission to help states fund initiatives to protect consumers against financial scams. The grants would help states staff anti-scam enforcement offices, invest in technology, develop educational resources, and devise strategies specifically designed to protect seniors from financial exploitation and fraud.

Topics: Federal Advocacy Supported Legislation Senior Financial Protection
1 min read

Please Take NAIFA’s Survey on the DOL Fiduciary-Only Rule

By NAIFA on 5/12/24 8:26 PM

An ongoing survey of NAIFA members will provide updated data to help NAIFA and our industry partners in future actions on the Department of Labor’s final fiduciary-only rule. The results will help us educate policymakers – and potentially the courts – on how the proposal will impact consumers and your business.

Topics: Legislation & Regulations Federal Advocacy DOL Fiduciary
2 min read

NAIFA-Louisiana and Edward Jones Promote Financial Literacy Resolutions

By NAIFA on 5/2/24 12:49 PM

National Financial Literacy Month came to a close at the end of April 30, but educating consumers about the importance understanding their finances is a task NAIFA members can take to heart throughout the year. It's also has an important advocacy component. We are #NAIFAproud of members from NAIFA-Louisiana who worked in cooperation with Edward Jones and were instrumental in getting both the state House of Representatives and Senate to pass resolutions recognizing April as Financial Literacy Month in the state.

Topics: State Advocacy Financial Literacy Louisiana
1 min read

How the DOL Fiduciary-Only Rule Will Impact Financial Professionals and Consumers

By NAIFA on 4/27/24 1:30 PM

A NAIFA Advocacy Webinar
May 2 | 2 pm eastern

The U.S. Department of Labor‘s final fiduciary-only rule will force the vast majority of financial professionals offering retirement planning services and products into a fee-for-service model, unless Congress or the courts intervene. It will deprive many consumers of the valuable option of working with professionals operating under alternative models, including those with commission-based compensation, that may better meet their needs.

Topics: Legislation & Regulations Standard of Care & Consumer Protection DOL Fiduciary