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NAIFA-NYS Legislative Updates

/NAIFA-NYS Legislative Updates

ACLI, NAIFA File Legal Challenge Against Harmful Regulation to Retirement Savers

June 8th, 2016 Dear NAIFA Leaders, NAIFA’s Executive Committee during its June 1 meeting adopted a motion authorizing NAIFA to join the American Council of Life Insurers (ACLI) in a judicial challenge to the Department [...]

By | June 8th, 2016|Categories: NAIFA-NYS Legislative Updates|0 Comments

NAIFA-NYS Successfully Urges the New York Department of Financial Services to Increase Training Allowance Subsidy Limits

In January, senior NAIFA-NYS officials held the first in a series of regulatory affairs discussions with the representatives of several bureaus of the New York State Department of Financial Services, including the Deputy Superintendent for [...]

By | March 24th, 2016|Categories: NAIFA-NYS Legislative Updates|0 Comments

Action Taken: Senate Introduces Three Bills and House Marks Up Its DOL Alternative

The Senate has introduced three bills as companion legislation to the House’s “Roskam-Neal-Roe-Larson” legislation introduced in December. Sen. Johnny Isakson (R-GA) introduced the companion bill to H.R.4293, the ERISA-based fiduciary alternative. Four GOP Senators—Mark Kirk [...]

By | February 11th, 2016|Categories: NAIFA-NYS Legislative Updates|0 Comments

NYS Senate Holds Roundtable on Collapse of Health Republic/ Impacts and Next Steps

For NAIFA-NYS members owed commission from Health Republic, a formal Court-supervised liquidation proceeding would provide a mechanism to file a claim.  But as NAIFA-NYS legislative staff report following a Senate roundtable, the Dept. of Financial [...]

By | February 8th, 2016|Categories: NAIFA-NYS Legislative Updates|0 Comments

An alternative to Department of Labor’s fiduciary rule proceeds in House

The House Financial Services Committee passed alternative legislation that would govern retirement investing Wednesday, but the vote fell short of bipartisanship. The bill, called the Retail Investor Protection Act (RIPA), is sponsored by Rep. Ann [...]

By | October 2nd, 2015|Categories: NAIFA-NYS Legislative Updates|0 Comments

NAIFA continues to engage Labor Department on fiduciary standard

Little talk of the proposed fiduciary rule has emerged from the US Labor Department since its public hearing on the issue. Opponents of the Department of Labor’s attempt to regulate broker-dealers say they anticipate a [...]

By | September 3rd, 2015|Categories: NAIFA-NYS Legislative Updates|0 Comments