News & Analysis as of

Department of Labor (DOL) Presidential Memorandum

Gibney Anthony & Flaherty, LLP

Biden Administration Tackles Immigration on Day One

On its first day in office, the Biden Administration acted to reverse numerous hardline immigration policies from the prior administration and to advance immigration reforms. Some action comes in the form of executive orders...more

Jackson Lewis P.C.

Pension Reform? Presidential Memorandum Focuses Attention On Failing Pension Systems

Jackson Lewis P.C. on

The Secretaries of the Departments of Treasury, Commerce, and Labor have been directed to review and report on the pension funding crisis in an October 22, 2020, Presidential Memorandum. The Memorandum brings renewed...more

Proskauer - Law and the Workplace

Department of Labor Releases Guidance on Lost Wages Assistance Program

On August 8, 2020, the President issued an executive memoranda establishing the Lost Wages Assistance (“LWA”) program, a new unemployment benefit intended to replace the recently-expired $600 per week Federal Pandemic...more

Troutman Pepper

Federal Unemployment Insurance Assistance is Back (For Now) – What Employers Need to Know

Troutman Pepper on

The CARES Act’s federal unemployment insurance supplement has expired, and a new executive order from the President has taken its place – for now....more

PilieroMazza PLLC

Weekly Update Newsletter - October 2019 #4

PilieroMazza PLLC on

LABOR & EMPLOYMENT LAW - DoL Collected a Record Amount in Discrimination Settlements in Fiscal Year 2019 - According to Bloomberg Government, the Department of Labor (DoL) collected more than $27 million from federal...more

Skadden, Arps, Slate, Meagher & Flom LLP

Department of Labor Extends Transition Period for Exemptions Under the Fiduciary Rule

On November 27, 2017, the U.S. Department of Labor (DOL) extended the transition period for its conflict of interest regulation (commonly referred to as the "fiduciary rule") until July 1, 2019....more

Broker-Dealer Compliance + Regulation

Does a Proposal for Further Delay in Implementation of the DOL Fiduciary Rule Suggest Major Changes Are Coming?

On August 9, 2017, the U.S. Department of Labor (DOL) submitted to the Office of Management and Budget (OMB) a proposal to delay until July 1, 2019 the implementation date for those portions of the DOL’s fiduciary rule that...more

Dechert LLP

Drip Drip Drip - Is the DOL's Fiduciary Rule Slowly Going Down the Drain?

Dechert LLP on

The U.S. Department of Labor (the “DOL”) today (August 9, 2017) submitted a Notice of Administrative Action in the Thrivent v. Acosta litigation (D. Minn.). The Notice relates to the final regulation that defines who is a...more

Dechert LLP

Chipping Away - Does the DOL's Fiduciary Rule Continue to Be on the Chopping Block?

Dechert LLP on

The U.S. Department of Labor (the “DOL”) published in the Federal Register on July 6, 2017 a Request for Information (the “RFI”) regarding the final regulation defining who is a “fiduciary” of an employee benefit plan as a...more

Broker-Dealer Compliance + Regulation

DOL Issues Request for Information Regarding Fiduciary Rule

On June 29, 2017, the Department of Labor (“DOL”) issued a Request for Information (“RFI”) in connection with its examination of the Final Fiduciary Rule, which was published on April 8, 2016, and became applicable on June 9,...more

BCLP

DOL FAQs Guide Compliance Efforts during Fiduciary Rule Transition Period

BCLP on

The Department of Labor has issued guidance in the form of Frequently Asked Questions to help firms and their advisers impacted by the Fiduciary Rule know what is expected on and after June 9, 2017, on and after January 1,...more

A&O Shearman

DOL Announces No Further Delay to Implementation of the ‘Fiduciary Rule’

A&O Shearman on

On May 22, 2017, Secretary of Labor Alexander Acosta announced that the DOL has found no “principled legal basis” to further delay the June 9, 2017 applicability date of its “fiduciary rule.”...more

Broker-Dealer Compliance + Regulation

Presidential Actions on Regulatory Rollback: The Order of the Orders

Since his inauguration on January 20, 2017, President Trump has issued a number of presidential orders and memoranda relating to the reduction of regulation. ...more

Goodwin

DOL Fiduciary Rule: 60-day Delay to the Applicability Date Finalized

Goodwin on

The delay came in response to the Presidential Memorandum issued on February 3, 2017, regarding the Fiduciary Rule. The Presidential Memorandum directed the DOL to conduct an updated impact assessment on whether the Rule “may...more

Katten Muchin Rosenman LLP

DOL Issues 60-Day Delay on Fiduciary Advice Rule and Exemptions

On April 4, the US Department of Labor (DOL) pushed the applicability date of what is commonly referred to as the "fiduciary rule" or the "fiduciary advice rule" (the "Rule") from April 10 to June 9, 2017. The full text of...more

Eversheds Sutherland (US) LLP

The Final Rule: Delayed But (Perhaps) Not Denied

On April 4, 2017, the Department of Labor released its final rule postponing the applicability date of its new “investment advice” fiduciary definition and related exemptions. This extension, which was published in the April...more

Proskauer Rose LLP

ERISA Newsletter - First Quarter 2017

Proskauer Rose LLP on

After a brief hiatus, Proskauer's ERISA Newsletter is back with a brand new look. We hope you like it and find it is easier to navigate. In addition to implementing our new format, we have moved to a quarterly publication...more

Morrison & Foerster LLP

DOL Fiduciary Rule Delayed by 60 Days

Impartial Conduct Standards to Become Effective on June 9, 2017 Other Provisions Are Subject of Further Evaluation Prior to January 1, 2018 Implementation Date - Late in the day on April 4, 2017, the Department of Labor...more

A&O Shearman

US Department of Labor Proposes Extension to Fiduciary Rule Applicability Date

A&O Shearman on

The US Department of Labor proposed to extend the applicability dates of the fiduciary rule and related exemptions, including the Best Interest Contract Exemption, from April 10, 2017 to June 9, 2017....more

Katten Muchin Rosenman LLP

DOL Proposes to Delay Fiduciary Advice Rule, Requests Comments on Delay and on Costs, Benefits of the Rule

On March 2, the US Department of Labor (DOL) published a proposed extension (the "Proposal") of the effective date of what is commonly referred to as the "fiduciary rule" or the "fiduciary advice rule" (the "Rule"). The Rule...more

McGuireWoods LLP

DOL Proposes 60-Day Delay of Applicability Date for Fiduciary Rule

McGuireWoods LLP on

On March 1, the Department of Labor (DOL) proposed a 60-day delay of the April 10, 2017 applicability date of its fiduciary conflict-of-interest rule and related prohibited transaction exemptions (PTEs). The delay was...more

Morgan Lewis

Fiduciary Rule—Not Delayed Yet

Morgan Lewis on

60-day delay proposed, comments requested on president’s study. The US Department of Labor (DOL) has proposed to delay the applicability date of the fiduciary rule (and related prohibited transaction exemptions) by 60...more

Goodwin

DOL Fiduciary Rule: Proposed Delay to the Applicability Date

Goodwin on

The DOL’s proposal comes in response to the Presidential Memorandum issued on February 3, 2017, regarding the Fiduciary Rule. The Presidential Memorandum directed the DOL to conduct an updated impact assessment on whether the...more

A&O Shearman

DOL Proposes 60-Day Delay of ‘Fiduciary Rule’ Applicability Date to June 9, 2017

A&O Shearman on

On March 1, 2017, the Department of Labor issued a proposed rule that, when finalized, will delay the applicability date of its “fiduciary rule” and related exemptions to June 9, 2017, which is 60 days from its original...more

Jackson Lewis P.C.

DOL Fiduciary Rule – A Proposed Delay and Uncertain Future

Jackson Lewis P.C. on

We’ve previously written about the Department of Labor’s new fiduciary rule, which expands the definition of who is considered a fiduciary under the Employee Retirement Income Security Act, as amended (“ERISA”) and the...more

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