DOL Budget Notes PBGC Insurance Surpluses, Requests More Administrative Funding
The budget proposal also asks for additional funding implementation of SECURE 2.0 provisions.
Regulation
Supreme Court Rules Investors Cannot Sue for Omissions in Disclosures
The ruling still permits the SEC to take enforcement actions.
PBGC Issues SFA Grants to Two Multiemployer Plans
The two plans were in the transport and food service industries.
UK Pension Regulator Sets Targets for Reaching Net Zero by 2030, 2050
TPR said it will aim to eliminate up to 90% of emissions, while offsetting the remaining 10% with carbon credits.
IRS Proposes Regulations to Codify Stock Buyback Tax
Stock buybacks valued at under $1 million would not be subject to the tax.
Scope 3 Disclosure Might be Required for Companies With Climate Goals
Attorneys warn of additional compliance needs in testimony to the House Financial Services Committee.
SEC Staff Clarifies Climate Disclosure Sticking Points
Two SEC staff addressed issues of materiality emissions in a webinar hosted by Ceres.
Central States Reaches Agreement to Repay $127M Overpayment
The plan reached a settlement with DOJ on Monday that will clear its debt with the PBGC.
SEC Seeks Institutional Investor Reps for Advisory Committee
The independent committee needs representatives of pensions and mutual funds to bolster investor protection.
CalSTRS Focuses on Curbing Methane in 2024 Proxy Season
The giant pension fund has a history of pushing for environment-oriented goals.
Regulating the Robots
The current SEC proposal is seen as overreaching, but industry watchers see benefits if changes are made.
PBGC Responds to House Republicans’ Subpoena on Central States’ Overpayment
According to the PBGC, the DOJ is working with Central States to secure the repayment.
Mississippi Seeks to Fine BlackRock Over ESG Funds
The state’s order claims that the asset manager misled investors in marketing non-ESG index funds.
New Bill Would Ban Chinese Stocks in Index Funds
The measure is part of a package that would both tax Chinese dividends at higher rates and require more disclosure for securities with exposure to China.
After Receiving Extra $127M, Central States Working on Repayment Plan
In addition to that update at a subcommittee hearing, House Republicans suggested the PBGC cut premiums for its single-employer program.