Trade Association
Proposed rule to extend the transition period and delay the applicability dates of the "Definition of the Term 'Fiduciary'&#205;&#190; Conflict of Interest Rule-Retirement Investment Advice" final rule and related Prohibited Transaction Exemptions; 82 Fed. Reg 41365 (August 31, 2017).  U.S. Department of Labor Interpretive Bulletin 2016-1 relating to the exercise of shareholder rights, proxy voting, and written statements of investment policy, published Dec. 29, 2016.  Seeking to ensure that any changes to U.S. Department of Labor Interpretive Bulletin 2015-1 relating to fiduciary standards under ERISA in considering economically targeted investments, published Oct. 26, 2015, do not needlessly curtail pension fund investments in infrastructure development that are otherwise prudent investments for a plan to make.  Nomination of Preston Rutledge to be Assistant Secretary for the Employee Benefits Security Administration, U.S. Department of Labor. H.R. 3089, the "Corporate Transparency Act of 2017," legislation directing the Treasury Department to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest; entire bill.  S. 1717, the "Corporate Transparency Act of 2017," legislation directing the Treasury Department to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest; entire bill.  S. 1241, the "Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017," legislation to expand prohibitions on money laundering and tax evasion; entire bill.  S. 1454, the "True Incorporation Transparency for Law Enforcement (TITLE) Act," legislation to direct each state to amend their business formation laws to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest; entire bill.  Draft legislative proposal entitled the "Counter Terrorism and Illicit Finance Act," a bill to update dollar amount thresholds for certain currency transaction reports and suspicious activity reports, and to improve information sharing between financial institutions with respect to terrorism, money laundering, and other unlawful activities; Sec. 9, "Transparent Incorporation Practices" (no bill introduced).
RET - Retirement FIN - Financial Institutions/Investments/Securities
2 - HOUSE OF REPRESENTATIVES 38 - Labor, Dept of (DOL) 1 - SENATE 2 - HOUSE OF REPRESENTATIVES 38 - Labor, Dept of (DOL) 1 - SENATE
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