<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=319290&amp;fmt=gif">
Member Login

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
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
1 min read

Don't Miss NAIFA's Congressional Conference

By NAIFA on 4/26/24 4:31 PM

May 20-21 | Washington, D.C.
Register Today!

NAIFA's Congressional Conference shines a spotlight on NAIFA's unmatched advocacy influence and provides financial professionals with another way to serve consumers' best interests. NAIFA members who meet with their members of Congress this May will not only be advocating for their own businesses but also for their colleagues, clients, and communities. Decisions made in Washington, D.C., affect the financial security of  families and businesses nationwide that rely on NAIFA members for financial guidance.

Topics: Federal Advocacy Congressional Conference
1 min read

NAIFA Offers Analysis of FTC Non-Compete Rule

By NAIFA on 4/24/24 11:38 AM

The Federal Trade Commission voted 3-2 along partisan lines at an April 23 open Zoom meeting to approve its final Non-Compete Clause Rule which will ban most non-compete agreements.

The 570-page Final Rule becomes effective 120 days after it is published in the Federal Register unless a court issues an order staying that effective date while it considers challenges to the Final Rule. The Final Rule is expected to be published on April 25, 2024, and it would then become effective on August 23, 2024. Legal challenges are, however, expected to be filed immediately.

Topics: Legislation & Regulations Practice Management Federal Advocacy
3 min read

NAIFA Responds to DOL Release of Fast-Tracked Fiduciary-Only Rule

By NAIFA on 4/23/24 1:40 PM

The Department of Labor and the White House have released a final fiduciary-only rule after an astonishingly brief regulatory and review process and in spite of grave concerns expressed by NAIFA, members of Congress, and other stakeholders. Unless Congress or the courts intervene, the rule will force the vast majority of financial professionals offering retirement planning services and products into a fee-for-service model. It will deprive consumers of the valuable option of working with professionals operating under alternative models that may better meet their needs.

Topics: Legislation & Regulations Standard of Care & Consumer Protection Press Release Federal Advocacy DOL
2 min read

A Flawed Regulatory Process on DOL Fiduciary-Only Rule Marginalized Public Input

By NAIFA on 4/15/24 3:24 PM

NAIFA continues efforts to discourage the Department of Labor and the administration from moving forward with its flawed fiduciary-only rule. In a letter to DOL Acting Secretary Julie A. Su, Office of Management and Budget (OMB) Director Shalanda Young, and Office of Information and Regulatory Affairs (ORIA) Administrator Richard Revesz, NAIFA and 10 other groups detailed problems with the rule's regulatory process and asked the administration to "stand up for the integrity of the regulatory process and continue the public input process, rather than finalize the fiduciary rule now."

Topics: Standard of Care & Consumer Protection Federal Advocacy DOL Insurance & Financial Advisor Regulation
5 min read

NAIFA Is Making Headlines on Efforts to Oppose the DOL's Misguided Rule

By NAIFA on 4/12/24 4:45 PM

NAIFA is speaking out on behalf of financial professional and, particularly, the consumers who would be harmed by the Department of Labor's latest effort to reduce choices for Americans preparing for retirement. The fiduciary-only proposal, which is largely a rehash of a rule struck down by a federal appeals court in 2018, would radically change the financial services industry and reduce the ability of low- and middle-income retirement savers to access products and services.

Topics: Standard of Care & Consumer Protection Federal Advocacy DOL