Retirement Regulation

While President Trump promises to “always protect” Social Security, the Schwarz Center for Economic Policy Analysis has tactical recommendations for President Trump, as well as legislative action Congress should take, to restore trust in the federal agency.

Representative John Moolenaar and Senator Rick Scott wrote to SEC chair Paul Atkins to take action against 25 Chinese companies that are listed on U.S. exchanges,that “pose an unacceptable risk to American investors.”

If employers opt to make private investments part of their Empower 401(k) plan, participants will be able to access investments from Goldman Sachs and other asset managers through managed accounts.

The “Big, Beautiful Bill,” which was introduced by the House Ways and Means Committee on Monday, includes a proposal from Senator Ted Cruz for a new savings account for young children that comes with seed money from the government.

While the 2026 Social Security cost-of-living-adjustment will be announced in October, it is projected to be 2.4% by the Senior Citizens League.

Modeled after the Thrift Savings Plan for federal employees, the Retirement Savings for Americans Act that would automatically enroll private workers without access to a workplace retirement plan is supported by the Economic Innovation Group.

Last week, Representative Andrew Garbarino reintroduced the Law Enforcement Officers Equity Act in the House that would allow IRS officers, Pentagon Police, Veteran Affairs police officers and others to retire after 20 years of service.

While Wells Fargo and Merrill Lynch paid $60 million for a "cash sweep" violation earlier this year, Morgan Stanley was cleared by the SEC for “sweeping” customers’ uninvested cash from a brokerage account into an interest-bearing account.