The Buzz From Washington - May 2025TheBuzzFromWashington-May2025

It would be an understatement to say there has been a tremendous amount of activity in Washington, D.C., with the start of the second Trump administration. This activity includes a flurry of executive orders, Department of Government Efficiency (DOGE) efforts to cut costs in the government, immigration action, energy policy, tariffs, forthcoming battles on the budget and tax cuts, Cabinet appointees, and geopolitical challenges.

The retirement space hasn’t been the direct focus of much of the activity, but there are many secondary effects, as well as issues that have been worked on for many years. With new leaders taking on roles in relevant government agencies, various ERISA court cases moving through the system, and a GOP-led Congress passing legislation while working to extend tax cuts and reduce spending, there is reason to expect more activity on retirement policy.

^{Note: These materials do not purport to provide any legal, tax or accounting advice. You should consult with your attorney, accountant, and/or tax professional for advice concerning your particular situation.}