Washington Perspective, May 2009

Legislative and Regulatory Report and Outlook for 2009 – Overview

With the new Administration driving its proposal to bring automatic IRA enrollments to retirement savings, and with Congress energized by a spending-heavy stimulus package, the agenda for this Congress is filled with retirement-related proposals. [more on the Legislative and Regulatory Report]

Target Date Fund Guidance

Congress has been examining target date funds after questions arose regarding their performance in the current financial markets when many 2010 target date funds lost money. [more on Target Date Fund Guidance]

Saver's Credit Legislation Would Raise Income Ceiling, Funnel Savings to Retirement Accounts

Rep. Earl Pomeroy (D-ND) has introduced The Savings for American Families’ Future Act of 2009 to expand the current Saver’s Credit law. [more on the Saver's Credit Legislation]

Washington Round-Up

The U.S. Treasury Dept. has extended its emergency program guaranteeing money market funds through September 18, 2009. The program had been set to end April 30, 2009, but was extended on March 31, 2009, "to support ongoing stability in financial markets,” the Treasury Dept. said in a statement. [more on the Washington Round-Up]