Regulation
Securing a Strong Retirement Act Passes Ways and Means Committee
Among other measures, the bill would expand automatic enrollment for 401(k) and 403(b) plans.
Tag: Congress
Market Moves
Don’t Worry: Higher Cap Gains Tax Won’t Zap the Market, UBS Says
And it probably won’t be as high as Biden wants, Goldman adds.
Pensions
Democrats Introduce Bill to Protect Pensions, Expand PGBC’s Power
Proposed legislation would create PBGC partition program and end ability to seek benefits cuts under MPRA.
Market Moves
Stocks Do Well with Total Democratic Dominance in Washington, Study Says
History shows that equities advance an average 9.1% then, LPL research finds.
Market Moves
A Divided Congress Is Good for Stocks, Study Says
When neither party controls both side of Capitol Hill, the S&P 500 does best, per LPL study.
Market Moves
Don’t Sweat the Stimulus Delay, Morgan Stanley Sage Says
Trump’s axing relief package talks till after the election won’t harm the recovery, Mike Wilson argues.
Research
Do Sweeter Benefits Deter the Unemployed from Job Seeking?
Nope, a Georgetown economist’s study concludes—and they let people get new work better suited to them.
Market Moves
Why 3rd Quarter Earnings Might Just Romp, Sage Predicts
One-shot wonder: New stimulus money and pent-up consumer demand will fuel profits, says economist David Levy. Alas, the 4th period won’t be so hot.
Market Moves
Economy Faces a ‘Bumpy Ride,’ Says Goldman’s Chief
Recovery will take a long time, David Solomon warns.
Market Moves
How GDP and Stocks Do When Dems and GOP Control the Presidency and Congress
If the White House and Congress are blue, the economy does best, LPL says. But a Democratic president and a Republican Congress do best for the S&P 500.
Regulation
Leading Democrats Press Private Equity Leaders over Controversial Private Prison Operation
Scrutiny of five PE firms’ involvement in private prisons begins with an information request.
Congress Mulls Trump-Backed Proposal to Raise Taxes on Fund Managers Again
Legislation would eliminate the ‘loopholes that have been so good for Wall Street investors, and for people like me,’ President says.
Congress Mulls Multiemployer Pension Bailout
Draft of plan calls for $3 billion a year to subsidize payments for retirees.
Central States Pension Fund Could Be Insolvent by 2025
Executive director lays out plans to de-risk, shore up the plan.