The U.S. Department of Labor (DOL) has drawn attention as it recently issued a Request for Information (RFI), asking for stakeholder input surrounding various regulatory issues tied to the SECURE 2.0 Act. The request, which took place on August 11, 2023, spans a range of topics, primarily focusing on the reporting and disclosure requirements under the Employee Retirement Income Security Act of 1974, better known as ERISA.
This move by the DOL invites a dialogue aimed at refining their approach to these key areas. It poses an opportunity for legal professionals, particularly those engaged in labor and employment law within large corporations and law firms, to help shape the regulatory landscape.
The wide-ranging RFI not only involves disclosure and reporting requirements but is also projected to touch on several other issues crucial to the legal operation of corporations. The end goal likely to be a consolidation of views that harnesses a diversity of thought and expertise aimed at addressing the challenges posed by the practical application of these requirements in today’s corporate world.
Those interested in voicing their views and contributing their expertise to these discussions have until October 10, 2023, to submit their comments.
Further details on this topic are covered in an article by Groom Law Group, Chartered on JDSupra.