Austin R. Ramsey

5 days ago | news.bloomberglaw.com | Austin R. Ramsey

Litigation risk for employers with a legal duty to monitor their employees’ 401(k) investments is set to hamper President ‘s efforts to allow more cryptocurrency into workers’ retirement accounts. The US Labor Department is reversing Biden-era guidance that warned plans against digital currencies in workplace retirement portfolios. It’s part of a broader move by the White House to open 401(k)s to alternative assets like private equity, as Trump-backed businesses double down on Bitcoin.

5 days ago | news.bloombergtax.com | Austin R. Ramsey

Litigation risk for employers with a legal duty to monitor their employees’ 401(k) investments is set to hamper President Donald Trump‘s efforts to allow more cryptocurrency into workers’ retirement accounts. The US Labor Department is reversing Biden-era guidance that warned plans against digital currencies in workplace retirement portfolios. It’s part of a broader move by the White House to open 401(k)s to alternative assets like private equity, as Trump-backed businesses double down on Bitcoin.

1 week ago | news.bloomberglaw.com | Rebecca Rainey |Austin R. Ramsey |Tre'Vaughn Howard

Blueprint calls for shuttering Women’s BureauAdds new details on central job training programPresident Donald Trump proposed cutting 4,000 full time employees at the US Department of Labor next fiscal year, axing a quarter of the agency’s current workforce. Trump in his fiscal year 2026 budget requested funding for 10,879 full time employees at the DOL, according to the agency’s budget justification released Friday, a drop from its current level of 14,855.

1 week ago | news.bloomberglaw.com | Austin R. Ramsey

The US Labor Department in replacing a Biden-era eco-friendly 401(k) rule is set to encounter pressure to balance the Trump administration’s interest in deterring ESG investments with plan sponsors’ needs for regulatory consistency and worker litigation safeguards.

1 week ago | news.bloombergtax.com | Austin R. Ramsey

The Trump administration is putting its mark on workplace 401(k)s in a whirlwind of executive moves set to force retirement accounts to drop eco-friendly investments while clearing them to turn to nontraditional options like digital tokens and private equity. The US Labor Department told a federal appeals court Wednesday it will replace a Biden-era rule allowing companies to consider environmental, social, and corporate governance investments on behalf of workers and retirees.