The Federation of Americans for Consumer Choice (FACC) and the American Council of Life Insurers (ACLI) filed lawsuits in Texas Federal Courts against the Department of Labor’s Retirement Security Rule. On July 25, 2024, a Texas Federal Court ruled that the new rule conflicts with ERISA by improperly extending fiduciary status to one-time advice and misapplying standards to IRA providers, which are governed by different regulatory frameworks.

The Corporate Transparency Act (CTA), which mandates the Financial Crimes Enforcement Network (FinCEN) to collect beneficial ownership information (BOI) for domestic and certain foreign entities operating in the U.S.