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Benefits & Executive Comp

Pending Benefits Regulations Face Biden Administration Freeze (1)

Jan. 21, 2021, 9:07 PM; Updated: Jan. 22, 2021, 4:54 PM

Some basic retirement tax changes and a controversial investing curb qualify for additional scrutiny as the Biden administration moves to scrub unfinished guidance projects.

One of the first things President Joe Biden did post-inauguration was to halt Trump-backed regulations still working their way through the system. A polarizing crackdown on environmental, social, and corporate governance funds has already been flagged for further review.

A memo circulated by White House Chief of Staff Ronald Klain said all rules, guidance, or other agency actions that didn’t take effect prior to noon Jan. 20 would be subject to review by the new administration...

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