The DOL adopted a rule amendment to create a new safe harbor which allows certain employee benefit plan administrators to provide plan participants with information using electronic media as the default method of delivery.
In separate publications, the Congressional Research Service provided information and analysis on COVID-19-related legal challenges, impacts on the U.S. economy, and China's actions since the outbreak.
The House Financial Services Committee considered legislation to (i) prohibit retail businesses from refusing cash payments and (ii) encourage an increase in mobile banking and electronic payment technologies.
Elizabeth Warren (D-MA), Tammy Baldwin (D-WI), Sherrod Brown (D-OH), Mark Pocan (D-WI) and Pramila Jayapal (D-WA) introduced a bill to govern the private funds that engage in change in control transactions.
The FTC adoption of several rules that will require nationwide consumer reporting agencies to provide a free electronic credit monitoring service to active-duty military consumers was published in the Federal Register.
The SEC Division of Investment Management granted no-action relief to certain Puerto Rico retirement plans that participate in "bank-maintained" collective trust funds from the requirement to register - such trust funds as investment companies and the beneficial interests in such trust funds.
A Chicago-based cannabis firm will acquire all of the issued and outstanding shares of a Canadian cannabis distributor in California, making it the largest-ever public company acquisition in the U.S. cannabis sector.
The Federal Trade Commission proposed rule that would require nationwide consumer reporting agencies to provide a free electronic credit monitoring service for active-duty military consumers was published in the Federal Register.
The Federal Trade Commission, together with the Department of Homeland Security, the National Institute of Standards and Technology and the Small Business Administration, introduced a national campaign to help small business owners understand cybersecurity and common cyber threats.