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Washington Update Briefing

Mercer

Jan. 20, 2022
Recorded Online
Webcast

The New Year is set to kick off with efforts by Democrats to enact a smaller social spending package that will likely feature healthcare, drug pricing and retirement reforms. The pandemic’s resurgence may bring additional policy responses as Congress eyes action on healthcare costs, mental health issues, extending pandemic-related telehealth flexibilities and advancing a broad set of bipartisan “SECURE 2.0” retirement policy changes. The Biden administration and regulatory agencies will continue their aggressive rulemaking agendas in 2022, setting the stage for an ambitious and broad regulatory overhaul in several key areas affecting employers’ benefits. And the SEC, proxy advisors and investors will accelerate their focus on ESG issues through rulemaking, proxy voting guidelines and the shareholder proposal process. Finally, several cases that may affect employers, particularly regarding vaccine mandates and retirement plan fees, are making their way through the courts.

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