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Member Alerts

YELLOW ALERT: FATCA Clarification Bill Introduced; Would Ease $500 Million Compliance Burden on Insurance Brokers
Member Alerts | Sep. 23, 2016

The Council applauded today the introduction of H.R.6159. The legislation is a critical step to clarifying that property/casualty insurance premiums are irrelevant to tax evasion and should not be included as part of the Foreign Account Tax Compliance Act (FATCA). If signed into law, the bill would ease a projected $500 million compliance burden that does nothing to further FATCA’s goals to combat tax evasion.

YELLOW ALERT: Department of Labor Announces Final Overtime Rule; EEOC Releases Rule on Wellness Programs
Member Alerts | May. 18, 2016

Late last night, the Department of Labor (DOL) announced a final rule that raises the minimum salary threshold required to qualify for the Fair Labor Standards Act’s “white collar exemption” to $47,476 per year ($913 per week), substantially greater than the yearly salary of $23,660 ($455 per week) contained in current regulations. DOL expects the final rule to extend overtime protections to nearly 4.2 million white collar workers within the first year of its implementation.

YELLOW ALERT: Need Your Help on Cadillac Tax
Member Alerts | Nov. 19, 2015

Repealing the 40% excise tax on “generous” employer sponsored health insurance plans is The Council’s top legislative priority, and we’re now asking for your help

YELLOW ALERT: Cleaning Out the Barn & Funding the Government
Member Alerts | Oct. 27, 2015

Living up to his pledge to “clean out the barn” before handing his gavel to Rep. Paul Ryan, Speaker John Boehner and other congressional leaders have struck a deal to raise the debt ceiling and fund the government through March 2017, which would make this the last major piece of budget policy in the Obama presidency.

YELLOW ALERT: Limited Transition Relief for Employer Payment Plans
Member Alerts | Feb. 20, 2015

The Internal Revenue Service (IRS) this week announced that it will provide temporary transition relief through the middle of 2015 for “small employers” (those with less than 50 full-time employees, including full-time equivalents) that offer “employer payment plans.”

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