The Republicans now hold 247 seats in the House and 54 in the Senate, an advantage that the party has not enjoyed since the 71st Congress of 1929-1931.

(Yet) one thing that did not change with the 2014 elections is the leadership of the federal agencies with oversight over tax-favored savings arrangements, such as employer-sponsored retirement plans, IRAs, Health Savings Accounts, Coverdell Education Savings Accounts, and the like. 

This means that the power within these agencies has not shifted as a result of the elections, and the philosophies that might be reflected in their guidance are unlikely to be different during the next biennium. 

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