ERISA News

As announced by President Biden on January 30, 2023, the National Emergency in response to COVID-19 will end today. 

Senator Marco Rubio (R-FL), along with several cosponsors have reintroduced the Health Savings Act.

The Department of the Treasury and the Internal Revenue Service are soliciting recommendations for items to be included on the 2023-2024 Priority Guidance Plan.

Effective May 3, 2023, the prime interest rate increased from 8.00 percent to 8.25 percent.

Senator Ted Cruz (R-TX) and co-sponsor Senator Mike Braun (R-IN) have introduced S. 1226, a bill to make permanent several individual tax provisions.

The IRS recently released proposed regulations regarding the use of forfeitures within qualified retirement plans.

Senator Jeanne Shaheen (D-NH) and co-sponsor Susan Collins (R-ME) have introduced S. 1269, the INSULIN Act of 2023.

The IRS has published a June 2023 draft of instructions for Form 5307, Application for Determination for Adopters of Modified Nonstandardized Pre-Approved Plans.

The Internal Revenue Service (IRS) recently released a memorandum from the Office of the Chief Counsel addressing claims substantiation for payment or reimbursement of medical and dependent care expenses.

A bill introduced by Congressman Bill Huizenga (R-MI), has been passed out of the House Financial Services Committee.