The much ballyhooed Senate Republican health reform overhaul – the “Better Care Reconciliation Act of 2017” – was released today after weeks of intrigue.
As preservation of the employer-provided group market is The Council’s top legislative goal, we strongly encourage you and your colleagues (as well as your clients) to contact your two United States senators and urge their strong opposition to taxation of benefits.
The U.S. House of Representatives narrowly passed the American Health Care Act (AHCA) today by a vote of 217 to 213.
Joel Wood, The Council’s senior vice president of government affairs, gives a report on the state of play for Trumpcare and the House’s repeal and replace efforts.
The latest version of the repeal and replace legislation does NOT include changes to the tax exclusion for employer provided plans.
House GOP leaders this morning released a “discussion draft” of legislation designed to repeal and replace the Affordable Care Act that includes a “pay-for” provision that would scale back the employer exclusion from taxation for benefits from 100 percent to 90 percent.
Today, the White House issued two releases of import to the financial services community: a memorandum to the Department of Labor directing it to re-examine the fiduciary rule, and an executive order on financial services regulation. Both actions are discussed in more detail below.
President Trump issued an Executive Order directing the agencies to waive, defer, grant exemptions from or delay the implementation of any provision or requirement of the ACA.
The New York Department of Financial Services (NYDFS) published a revised version of its proposed cyber rule late yesterday that purportedly responds to many of the criticisms that had been lodged against the initial proposed rule.
The Treasury Department recently issued regulatory items related to the Terrorism Risk Insurance Program (“TRIP” or “Program”)