DIRS.INFO The most relevant business & tech news

☆ Trump may be held in contempt Tuesday after hush-money DA cites at least 10 gag-order violations
▼ + stars: | 2024-04-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

The judge will not order Trump jailed even if he does find he repeatedly violated the gag, Richman predicted. Trump's gag order bans Trump from making public statements about jurors and witnesses that could interfere with the trial. "The defendant has demonstrated his willingness to flout the order," Conroy told the judge last week. He has attacked Grand Jurors and jurors," Conroy said. The judge added, with some sarcasm, "I don't recall inserting that anywhere in either gag order."

Persons: —, Donald Trump, Prosecutors, Trump, Stormy Daniels, Michael Cohen, Murray Richman, he's, Richman, Juan Merchan, Christopher Conroy, Cohen, Conroy, Daniels, Jesse Watters, Merchan, Todd Blanche, Trump's, Blanche Organizations: Service, Business, New, Trump, Fox News, Liberal Locations: New York, Manhattan

☆ Texas immigration controversy rekindles fight over Arizona’s ‘show me your papers’ law
▼ + stars: | 2024-04-03 | by ( Devan Cole | ) edition.cnn.com time to read: +8 min

CNN —The legal battle over a controversial Texas immigration law could eventually give the Supreme Court a chance to revisit a historic ruling that largely struck down Arizona’s “show me your papers” law and reaffirmed the federal government’s “broad, undoubted power” over immigration. “It would have been incredibly difficult for the 5th Circuit to let this law stand under existing Supreme Court precedent,” she said. ‘Show me your papers’ lawThe Arizona law is a high-profile example of what happens when states attempt to take immigration policy into their own hands. Jan Brewer signed the Support Our Law Enforcement and Safe Neighborhoods Act, known as SB 1070, into law in 2010. The Supreme Court upheld the “show me your papers” part of the law and struck down the three other parts.

Persons: ”, Andrew Schoenholtz, “, ” Denise Gilman, Biden, Jan Brewer, Justice Anthony Kennedy, ’, ” Kennedy, ” Gilman, Clarence Thomas, Samuel Alito, Antonin Scalia, Elena Kagan, Jessica Bulman, Scalia, ” “, Pozen, Obama, that’s, Priscilla Richman, Irma Carrillo Ramirez, Andrew Oldham –, Alito, –, Oldham, Greg Abbott Organizations: CNN, Texas ’, ., Georgetown Law, University of Texas School of Law, Circuit, Arizona Republican Gov, Enforcement, Act, National, National Government, Columbia Law School, “, Arizona Court, Oldham, Texas Republican Gov Locations: Texas, New Orleans, Arizona, . United States, El Paso County . Texas, United States, “ Arizona

☆ ‘Maybe Texas went too far’ with immigration law, state lawyer tells federal court
▼ + stars: | 2024-04-03 | by ( Devan Cole | Tierney Sneed | ) edition.cnn.com time to read: +4 min

CNN —An attorney defending Texas’ controversial immigration law told a federal appeals court on Wednesday that state legislators may have gone “too far” when they passed the law last year. The law, known as SB4, makes entering Texas illegally a state crime and allows state judges to order immigrants to be deported. Nielson sought to downplay how sweeping the law was and argued it did not interfere with federal authority on immigration. An attorney for the Justice Department, which brought one of the lawsuits challenging the Texas statute, urged the appeals court not to depart from its previous ruling blocking the law. “Of course, we know that presidents come and go, and different administrations might very well enforce federal law differently,” he said, arguing that the law may not be necessary under a different presidential administration.

Persons: Aaron Nielson, Nielson, ” Nielson, Priscilla Richman, Nielson’s, Daniel Tenny, Judge Andrew Oldham, “, they’ve, ”, “ It’s, Biden, Richman Organizations: CNN, Texas, Texas Attorney, Justice Department, United States, US Locations: Texas, United States, United, El Paso County

☆ These 28 regional and community banks exceed regulators' threshold for high commercial real estate concentration risk: here's what's really at stake.
▼ + stars: | 2024-03-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.

Persons: Michael Barr, Jerome Powell, Todd Baker, Mark Hillis, Clifford Rossi, Robert H, Rossi, Baker, There's, Hillis, multifamily, haven't, You'll, Banks, you'll, Rebel Cole, NYCB, Matt Reidy, Reidy, Cole Organizations: Federal Reserve, Business, York Community Bank, SEC, Richman Center for Business, Law, Columbia University, JPMorgan, Smith, Smith School of Business, University of Maryland, Mortgage Banker's Association, Bank, Signature Bank, First, Countrywide Bank, Washington Mutual, Citigroup, multifamily, Florida Atlantic University, Federal, Regulators, TCRE, Equity RCRE, Community Bank, Provident Bank NJ, Merchants Bank of Indiana, Apple Bank for Savings, Oceanfirst Bank, Independent Bank, Lakeland Bank NJ, Ozk, Washington Federal Bank WA, Axos Bank, Sandy Spring Bank, Columbia Bank NJ, Farmers, Merchants Bank of CA, Popular Bank, Pacific Premier Bank, United Bank, Trust, Rockland Trust, Umpqua Bank, ServisFirst Bank, Bell Bank, Stellar Bank, National Bank of, National Bank of Florida FL, New York Community Bank Locations: multifamily, Basel, CRE, California, Rockland, National Bank of Florida

☆ Why a giant health insurer merger is probably destined to fail
▼ + stars: | 2023-11-30 | by ( ) www.businessinsider.com time to read: +7 min

The giant health insurers Cigna and Humana are reportedly considering a merger. While they offer different kinds of health insurance, the deal is likely to face antitrust scrutiny. Still, Cigna and Humana did toy with a deal way back in 2014 before they pursued deals with other partners. Later, to sidestep antitrust scrutiny, health insurers eyed mergers with other pieces of the healthcare system outside of insurance. Cigna and Humana would face a more skeptical Justice DepartmentAny deal between health insurers the size of Cigna and Humana would have to get past the Justice Department's antitrust enforcers.

Persons: Biden, —, Justice that's, BofA, David Balto, Cigna, That's, Balto, Barak Richman, there's, Matthew Cantor, Constantine Cannon, divestitures aren't, Molina wouldn't, Cantor Organizations: Humana, Service, Reuters, Bloomberg, Street, Department, Justice, Cigna, UnitedHealth Group, Equity, Federal Trade Commission, Justice Department, Express, CVS Health, Aetna, Kindred, Biden Administration, FTC, Duke University Locations: Cigna, Aetna, Delaware

In 2001, following the 9/11 terror attacks, anti-Muslim motivated crimes became the second highest reported among religious-bias incidents, according to FBI data. Two of the attackers have been charged with assault and menacing as a hate crime; four others remain at large, according to the complaint. She was charged with assault as a hate crime, and other charges, the complaint states. A 28-year-old man was arrested this week and charged with a hate crime and aggravated assault. “Hate crime is still down but since the incident in Gaza, there has been an uptick,” Kenny said.

Persons: ”, Zein Rimawi, “, –, it’s, Scott Richman, Spencer Platt, profanities, ‘, Richman, ” Richman, Ahmed, they’ve, “ There’s, Japneet Singh, Singh, he’s “, Kena Betancur, Gracie, Eric Adams, ” Singh, “ It’s, Joe Kenny, ” Kenny, Karine Jean, Pierre, ” Jean, Biden Organizations: New, New York CNN, Islamic Society, Israel, CNN, Hamas, Israel Defense Forces, FBI, Department of Homeland Security, National Counterterrorism Center, Defamation League, ADL, Palestine, Columbia University, Grand Central, Columbia, Getty, Islamic, ’, New York police, New York Police Department, Sikh Coalition, “ Hamas, White House Press Locations: New York, United States, Israel, Brooklyn , New York, Bay, American, New York City, New Jersey, Brooklyn’s Bay, Midtown Manhattan, Chicago, Plainfield Township , Illinois, Palestine, ’, Gaza, ’ Chicago, Brooklyn, AFP, Palestinian American

☆ Top US bankruptcy judge resigns following revelation of undisclosed romantic relationship
▼ + stars: | 2023-10-15 | by ( Nicole Einbinder | Dakin Campbell | ) www.businessinsider.com time to read: +4 min

Insider recently revealed that prominent bankruptcy judge David Jones was in a romantic relationship with a bankruptcy attorney. Both Jones and the attorney had involvement with the bankruptcy case of the prison healthcare company Corizon. Jones oversaw the settlement talks in Tehum's bankruptcy; Freeman represented YesCare — and signed off on Jones' appointment as mediator in May. "Judge Jones did not disclose his relationship with Ms. Freeman to the parties, to their counsel or to the bankruptcy judge who appointed Judge Jones," the misconduct complaint says. Already, the disclosure of Jones' relationship has encouraged the US Trustee to intervene.

Persons: David Jones, Jones, —, –, Elizabeth Freeman, Jackson Walker, Freeman, Corizon, Tehum, YesCare —, Michael Van Deelen, Priscilla Richman, Richman, Judge Jones, Christopher Lopez, " Jones Organizations: Fifth, Service, Southern, Southern District of Texas, Corizon Health, Tehum Care Services, Wall Street Journal, Appeals, Circuit, Fifth Circuit, Bloomberg Locations: Southern District, Texas, Corizon, Tehum's

☆ Fact Check-Trump not facing death penalty in Jan. 6 federal indictment
▼ + stars: | 2023-08-18 | by ( Reuters Fact Check | ) www.reuters.com time to read: +5 min

Elizabeth Moore, VP of PR and Communications at Breitbart, told Reuters, “We never indicated that the DOJ is seeking or will seek the death penalty. “The Eighth Amendment rules out the death penalty unless the defendant intended or had a high degree of culpability with respect to the death of the victim. “Nor does it plead any of the aggravating factors -- from a list in the federal death penalty statute --that need to be specified. When seeking the death penalty, the indictment must include special findings as detailed in the DOJ’s Justice Manual (here). Donald Trump is not facing the death penalty in the federal indictment brought by Special Counsel Jack Smith on overturning the 2020 election.

Persons: Donald Trump, Trump, Jack Smith, Fani Willis, “, Breitbart, Smith, Jack Smith’s, Elizabeth Moore, ” Moore, Joel Pollak, ” Daniel Richman, Paul J, Kellner, ”, Jack Beermann, Philip S, Beck, Peter Carr, Read Organizations: U.S, U.S . Department of Justice, U.S . Capitol, TRUMP, “ TRUMP, “ Trump, Communications, Breitbart, Reuters, DOJ, Trump, U.S ., Capitol, USC, Columbia Law School, Justice Department, Boston University School of Law Locations: Washington, Georgia, Fulton County, GEORGIA, Prison, U.S

☆ Some former mobsters who were prosecuted by Rudy Giuliani are thrilled that the ex-Trump attorney got hit with RICO charges, mob lawyers say: report
▼ + stars: | 2023-08-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Rudy Giuliani gained notoriety as a prosecutor for going after New York City mafias in the 1980s. Recently, he was indicted on RICO charges — the same prosecutorial tool he used to take down mafias. A lawyer who represented prominent New York mobsters said his clients are "fucking thrilled." "I don't want to say the language, but they really ripped Rudy a new a------," he told the outlet. Former New York City Mayor Bill de Blasio, who witnessed Giuliani's political rise in the city, also chimed in and told Politico that the indictment was "more than Shakespearean."

Persons: Rudy Giuliani, Giuliani, Donald Trump, Georgia's, Murray Richman, Genovese, Rudy, Jeffrey Lichtman, Gambino, John Gotti, Lichtman, Ted Goodman, Rudy Giuliani fearlessly, Murray Richmond, John Alite, Alite, Richman, Trump, — Rudy, Bill de Blasio, de Blasio Organizations: New York City mafias, New York mobsters, Service, Racketeer, La, La Cosa Nostra, Trump, Former New York, Politico Locations: New York City, Wall, Silicon, New York, La Cosa, Former New York City, Giuliani

☆ Opinion | How Barbie, the Doll and the Movie, Reflects Our Society
▼ + stars: | 2023-07-26 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Barbie Has Never Been a Great Symbol, but She’s an Excellent Mirror” (Opinion guest essay, July 22):Andi Zeisler’s essay was a walk down memory lane. As a feminist and a professor in a medical school with a young daughter in the 1980s, I was confronted with the dilemma of whether to buy a Barbie doll. Further, her pink high heels would have left this poor doll exhausted after a full day of conducting medical rounds and seeing patients. Perhaps this 1980s Dr. Barbie encapsulates the wish “to have it all”: a stereotyped image of ideal female beauty coupled with a traditionally male high-status job. Judith RichmanChicagoThe writer is professor emerita of psychiatry at the University of Illinois at Chicago.

Persons: Andi Zeisler’s, Barbie ”, Boobie, Barbie, Judith Richman Chicago Organizations: University of Illinois Locations: Chicago

☆ The Question After Every Mass Shooting: How Much Do We Deserve to Know?
▼ + stars: | 2023-07-22 | by ( Elizabeth Williamson | More About Elizabeth Williamson | ) www.nytimes.com time to read: +2 min

Shortly after the shooting, Colleen Murphy, executive director and general counsel of Connecticut’s Freedom of Information Commission, received a call from a state legislator convinced that the filmmaker Michael Moore was seeking crime scene photos of the children. But Ms. Murphy told the lawmaker that her office, which fields all public records requests, had received no such inquiry. Some Sandy Hook families interpreted Mr. Moore’s remarks as “a horrific campaign to make the crime scene photos public,” Jennifer Hensel, whose 6-year-old daughter Avielle Richman died, wrote in The New Haven Register. “We cannot stand the thought of seeing the graphic depiction of our child’s death promoted to serve anyone’s political purposes.”Mr. Moore publicly clarified his view that no one should release photos without the families’ permission. Yet even today those requesting Connecticut homicide-related records must demonstrate that the release does not constitute an “unwarranted invasion of privacy.”

Persons: Colleen Murphy, Michael Moore, Murphy, Moore, Columbine ”, Mamie Till, Emmett Till, Sandy Hook, Moore’s, ” Jennifer Hensel, Avielle Richman, Mr Organizations: Information Commission, Columbine, JET, New Haven Register, The Hartford Courant Locations: Colorado, Mississippi, Hartford, The Connecticut

☆ Elizabeth Holmes now has a shorter prison sentence, but she'll still owe victims $452 million along with her former Theranos partner. She might never have to fully pay up.
▼ + stars: | 2023-07-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

A federal court ordered Elizabeth Holmes and Sunny Balwani to pay $452 million. Defendants hit with such orders to pay victims may see it come out of any eventual wages they earn. So how will Holmes and her former business partner Sunny Balwani navigate a $452 million restitution order? Former Theranos CEO Elizabeth Holmes arrives at federal court with her partner Billy Evans on November 18, 2022. According to the restitution order, Holmes and Balwani are responsible for $125 million in restitution to Murdoch, $40 million to Walgreens, and $14.5 million to Safeway.

Persons: Elizabeth Holmes, Sunny Balwani, Rupert Murdoch, Holmes, Daniel Richman, Evan Gotlob, Saul Ewing, Billy Evans, Justin Sullivan, Justice Department's, It's, Balwani, Insider's, Murdoch, Gotlob, There's Organizations: Morning, News Corp, Walgreens, Safeway, Forbes, Federal, Office, Columbia Law School, Justice, US, Prosecutors Locations: California, Arizona, Manhattan, Boston, Northern California

☆ Elizabeth Holmes says she can't pay $250 a month in restitution after she's released from prison: report
▼ + stars: | 2023-06-13 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +2 min

Along with Ramesh "Sunny" Balwani, Holmes was ordered to pay $452,047,268 in restitution. Elizabeth Holmes won't be able to afford $250 a month restitution payments when she's released from a Texas prison, her attorneys argued. It's common for funds like these to never fully be paid out, experts previously told Insider. This week, prosecutors proposed that Holmes pay it month-by-month upon her release, in $250 increments, Bloomberg reported. According to the original restitution order, Holmes and Balwani will have to pay $40 million to Walgreens, and $14.5 million to Safeway.

Persons: Elizabeth Holmes, Ramesh, Sunny, Balwani, Holmes, she's, Daniel Richman, wasn't, Rupert Murdoch Organizations: Prosecutors, Columbia Law School, Bloomberg, New York Times, Walgreens, Safeway Locations: Texas, Manhattan

☆ Reactions to charges against Donald Trump in classified documents case
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +4 min

[1/3] Former U.S. President and Republican presidential candidate Donald Trump gestures during a campaign event in Manchester, New Hampshire, U.S., April 27, 2023. REUTERS/Brian SnyderJune 9 (Reuters) - Court documents made public on Friday detailed 37 criminal counts against former U.S. President Donald Trump, including charges of unauthorized retention of classified documents and conspiracy to obstruct justice after he left the White House in 2021. *Senator John Barrasso, chairman of the Senate Republican Conference“This indictment certainly looks like an unequal application of justice. Hillary Clinton had a computer server in her house with classified documents. It feels political, and it’s rotten.”*Democratic Senator Debbie Stabenow"He stored highly classified documents in his bathroom!?

Persons: Donald Trump, Brian Snyder, Jack Smith, Kevin McCarthy, we're, Joe Biden, General Merrick Garland, Trump, Biden, I’m, Ron DeSantis, DeSantis, Hillary, Chris Christie, Donald Trump's, Sarah Matthews, Daniel Richman, John Barrasso, Biden’s, Hillary Clinton, Debbie Stabenow, Todd Huntley, Andy Briggs, Matt Bennett, Trump’s, Republican Representative Denver, —, Jonathan Oatis, Leslie Adler Organizations: U.S, Republican, REUTERS, White House, Fox News, Twitter, Trump, GOP, Republicans, Columbia Law School, Senate Republican Conference, Georgetown University, Republican U.S, Republican Representative, intel, Reuters, Thomson Locations: Manchester , New Hampshire, U.S, United States, Ron DeSantis , Florida, New Jersey, Delaware

☆ Anthony Bourdain died 5 years ago. Here's 5 ways he helped reshape the food industry.
▼ + stars: | 2023-06-10 | by ( Ryan Hogg | Nathan Rennolds | ) www.businessinsider.com time to read: +5 min

Anthony Bourdain was a maverick chef who helped change the food industry. Here are five ways Bourdain changed the way many people eat and think about food. Here's how he helped change the restaurant industry and the way we eat. Don't eat fish on a MondayIn "Kitchen Confidential," Bourdain appeared to expose a common money-making ploy in the restaurant business — often at the expense of the customer. It's unclear if his advice affected fish consumption in New York restaurants on Mondays.

Persons: Anthony Bourdain, Bourdain, —, Bourdain's, Barb Stuckey, Barack Obama, Bun, Lien, Jim Watson, Patrick Radden Keefe, Alan Richman, Keefe, Richman, CNN Bourdain, KF Seetoh Organizations: Service, Travel, CNN, Forbes, The Food Institute, GQ, Singaporean hawker Locations: New York, America, Vietnam, Hanoi, New York City, Manila, Singaporean, Singapore

☆ Elizabeth Holmes owes $452 million along with her former Theranos partner. She might never have to fully pay up.
▼ + stars: | 2023-06-04 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

☆ Booking Trump: No cuffs, no mugshot, no DNA swab, and perhaps the shortest perp walk in history
▼ + stars: | 2023-04-05 | by ( Laura Italiano | Oma Seddiq | ) www.businessinsider.com time to read: +5 min

Trump's arrest and perp walk on Tuesday was not the spectacle of victimization he reportedly wanted. Trump's perp walk was the shortest and quickest that veteran New York lawyers have ever heard of. It was the shortest "perp walk" that New York City lawyers can remember. Richman also said that in her more than 30 years of experience, she's never seen a perp walk where the defendant was uncuffed. But another seasoned defense attorney, Arthur Aidala, thinks that Trump's speedy bare-bones booking, and his minimalist perp walk, just made good sense.

☆ Bank runs have the crypto industry on high alert. 3 experts explain why the latest batch is especially worrisome — and what comes next.
▼ + stars: | 2023-03-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

Only a decade ago, bank runs happened at a much slower pace. The era of digital bank runsOne thing the past few weeks has made clear is that bank runs now unfold differently, especially for smaller banks that service specialized sectors. "Bank runs are evolving into a different and much more dangerous beast because they happen faster," Baker said. By comparison, on March 9, SVB lost $42 billion in a day — and it was a smaller bank, Baker added. Long said she warned regulators again after FTX collapsed that banks servicing the crypto sector face the danger of bank runs.

☆ Amazon aggregator Boosted Commerce lays off around 20% of staff in another round of job cuts, the latest blow to rollup companies
▼ + stars: | 2023-02-08 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +2 min

Amazon aggregator Boosted Commerce has laid off around 20% of its staff, Insider has learned. A spokesperson for Boosted Commerce confirmed to Insider that the layoffs occurred, and affected 20% of its US-based, full-time staff. They also told Insider that the company is still currently hiring for roles in these more focused departments. The former employee also said Boosted Commerce was "struggling" as a result of "bad acquisitions and the state of the overall economy." Boosted Commerce has raised $380 million in outside funding to date, according to Marketplace Pulse.

After finding Sayfullo Saipov guilty of committing murder with the goal of joining the militant group Islamic State, also known as ISIS, the Manhattan jury will return on Feb. 6 to consider whether the death penalty is appropriate punishment. The only point of contention between prosecutors and Saipov's lawyers was whether the defendant carried out the attack in order to join Islamic State, which the United States brands a terrorist organization. These included murder and attempted murder to gain entrance to Islamic State, providing material support to a terrorist organization, and damage or destruction of a motor vehicle. The U.S. Department of Justice said in September that it intends to seek the death penalty for Saipov, despite a moratorium on federal executions since July 2021 as the department reviews the practice. Reporting by Luc Cohen in New York; Editing by Leslie Adler, Bill Berkrot and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ 'Sextortion' attacks on the rich and famous are on the rise. Here's how their lawyers discreetly fight back.
▼ + stars: | 2022-12-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +15 min

Celebrities, sports stars, CEOs have never been more at risk of 'sextortion' attacks, lawyers say. "I'm going to blow up you and your business," the screen read. "If you can't get me money," she texted the terrified CEO, according to records reviewed by Insider, "I'm going to fuck up your whole company." East Coast, West CoastHigh-end sextortions like the case of that Manhattan CEO, one of Saland and Weisberg's recent clients, are spawning a growing legal practice. It's different in ManhattanIn contrast, Manhattan sextortion clients tend to hail not from the A-list, but from the city's vast pool of the anonymously wealthy.

☆ Silicon Valley is coming for your gut biome
▼ + stars: | 2022-12-23 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +8 min

SAN FRANCISCO — Cryptocurrency hasn’t worked out so well for tech investors. As a consumer product, supplements are associated more with the Kardashians or Joe Rogan than with Silicon Valley. Roelof Botha, the managing partner of Sequoia Capital, one of the largest venture capital firms in the world, is among those buying in. He said there’s a “societal reawakening” about the complex biome of the human gut where hundreds of species of bacteria live. She co-wrote a review of the science this year, and said future probiotic supplements have promise compared to supplements that have been available for decades.

New legislation working its way through Congress could improve retirement security for U.S. workers. The plan is part of a stopgap spending bill, and it includes a provision that would automatically enroll eligible employees into their company's retirement plan. Under the new legislation, employers could consider a worker's student loan payment to be the equivalent of a 401(k) contribution and match it accordingly. Finally, the legislation offers a 100% tax credit to businesses with 50 employees or fewer for the cost of maintaining a 401(k) plan. "It’s a bill that helps all income levels and all different types of workers and retirees," Richman, of the Insured Retirement Institute, said.

☆ 'Secure 2.0' is part of the $1.7 trillion spending bill, putting it on track to usher in retirement system improvements
▼ + stars: | 2022-12-20 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

Another round of changes to the U.S. retirement system appears to be on its way. A collection of retirement-related provisions known as "Secure 2.0" is included in a 4,100-page, $1.7 trillion spending bill — which would fund the government for the 2023 fiscal year — that was unveiled Monday night. "I don't believe there will be further changes to [Secure 2.0]." More from Personal Finance:How to prevent package theft on your doorstepUsed-car prices are down 3.3% from a year agoThe 10 best metro areas for first-time homebuyersThe Secure 2.0 provisions are intended to build on improvements to the retirement system that were implemented under the 2019 Secure Act. Those changes included giving part-time workers better access to retirement benefits and increasing the age when required minimum distributions, or RMDs, from certain retirement accounts must start — to age 72 from 70½.

☆ For retirement-system changes proposed in Congress via 'Secure 2.0,' December is do-or-die time
▼ + stars: | 2022-11-21 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +4 min

While no specific agenda has been released yet, supporters of the retirement-change proposals collectively called "Secure 2.0" are hopeful that it will be among the pieces of legislation that make it across the finish line. Increasing the extra amounts — so-called catch-up contributions — that individuals age 50 or older can put in their retirement accounts. watch nowThis year, the House passed its version of Secure 2.0, the Securing a Strong Retirement Act (H.R.2954), in late March with a bipartisan vote of 414-5. Secure 2.0 could be attached to a must-pass billAssuming that Secure 2.0 wouldn't get floor time for a vote on its own, supporters are hoping legislators will attach it to a must-pass bill this year. In September, Congress passed a stopgap measure to fund the government's 2023 fiscal year, which started Oct. 1, through Dec. 16.

Search resuls for: "Richman"

25 mentions found