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Biden Administration Announces End of Contractor COVID Vaccine Mandate

Client Alert | 1 min read | 05.02.23

On May 1, 2023, the Biden Administration announced its plan to issue an Executive Order in the coming days to rescind the existing executive order that imposes COVID vaccine requirements and safety protocols on federal contractors.  Specifically, Executive Order 14042 on Ensuring Adequate COVID Safety Protocols for Federal Contractors will be rescinded effective May 12, 2023, and agencies have been instructed not to require compliance with the COVID-related requirements from covered contractors and subcontractors nor to enforce the implementing clause. 

The Administration also noted that guidance will be issued by the Safer Federal Workforce Task Force following the imminent Executive Order.  We will continue to monitor how contractors will be impacted by this change.

Insights

Client Alert | 2 min read | 05.07.24

Department of Labor Finalizes Changes to Its Fiduciary Rules

On April 25, 2024, the Department of Labor (“DOL”) published a final rule (the “Final Rule”) regarding when providing investment advice results in the advisor becoming a fiduciary under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and the Internal Revenue Code of 1986, as amended (the “Code”).  Under this guidance, an entity is a fiduciary if the provider of that advice to an ERISA plan or Individual Retirement Account:...