Jan 5, 2024· 1210-ZA32 comment 00023 American Bankers Association’s Health Savings Account Council McKechnie 01022024· EBSA-2023-0015-0025
Filed on regulations.gov — full text not in the inline record.
EBSARulemakingEBSA-2023-0015
Proposed Amendment to Prohibited Transaction Exemption 2020-02
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Apr 25, 2024
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American Bankers Association filings
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American Bankers Association filed 2 comments on this docket between Jan 5, 2024 and Jan 5, 2024. 2 other organizations filed here. The comment window closed 938d ago.
What American Bankers Association filed (2)
Jan 5, 2024· 1210-ZA32 comment 00010 American Bankers Association (ABA) Keehan 01022024· EBSA-2023-0015-0012
Please see the attached letter from the American Bankers Association
Abstract
Investment advice fiduciaries must avoid conflicts of interest when making transactions involving retirement plans and accounts unless they comply with a prohibited transaction exemption. In connection with its proposal to update its regulation defining a “fiduciary,” the Department of Labor is proposing to update PTE-2020-02 to provide additional protections for plans and investors and offer additional clarity for investment advice fiduciaries who want to receive compensation for their advice or engage in transactions that would otherwise violate federal law.
View on regulations.gov →Co-filers (2)
See everyone who commented →- American Bankers AssociationTHIS ORG2 filings · confidence 97%
- National Federation of Independent Businesstrade assoc.1 filing · confidence 97%
- U.S. Chamber of Commerce1 filing · confidence 97%