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Text of Executive Order: Ensuring Lawful Governance and Implementing the President's 'Department of Government Efficiency' Regulatory Initiative

"Agency heads shall, in coordination with their DOGE Team Leads and the Director of the Office of Management and Budget [OMB], initiate a process to review all regulations subject to their sole or joint jurisdiction ... Within 60 days of the date of this order, agency heads shall, in consultation with the Attorney General as appropriate, identify the following classes of regulations ... Within 60 days of the date of this order, agency heads shall provide to the Administrator of the Office of Information and Regulatory Affairs (OIRA) within the [OMB] a list of all regulations identified by class.... The Administrator of OIRA shall consult with agency heads to develop a Unified Regulatory Agenda that seeks to rescind or modify these regulations, as appropriate." [Also see accompanying Fact Sheet]

White House Fact Sheet: President Biden to Sign Executive Orders Strengthening Americans' Access to Quality, Affordable Health Care

"The Biden-Harris Administration will open a Special Enrollment Period for Americans to sign up for health coverage and roll back attacks on the [ACA], Medicaid, and access to reproductive health care."

President Biden Nominates Julie Su for Secretary of the Department of Labor

"Julie Su ... currently serves as the Deputy Secretary of Labor, a position she has held since her July 2021 Senate confirmation. As Deputy Secretary, Su has worked side by side with Secretary Walsh to advance President Biden’s vision of a strong, resilient, inclusive economy with worker well-being at its center."

Text of Executive Order 13847: Strengthening Retirement Security for American Workers

"President Trump is directing the Departments of Labor and the Treasury to consider issuing regulations and guidance that would make it easier for businesses to offer retirement plans. The Departments will consider changes to make it easier for businesses to join together to offer Association Retirement Plans (ARPs), also known as Multiple Employer Plans [MEPs].... The executive order directs the Departments of Labor and the Treasury to consider ways to improve notice requirements to reduce paperwork and administrative burdens.... The Department of the Treasury is to review the rules on required minimum distributions from retirement plans to see if retirees could keep more money in 401(k)s and Individual Retirement Accounts for longer. This could allow retirees to spread retirement savings over a longer period of time."

Text of Executive Order 14221: Healthcare Pricing; Efforts to Empower Patients with Clear, Accurate, and Actionable Healthcare Pricing Information

"The Secretary of the Treasury, the Secretary of Labor, and the Secretary of Health and Human Services shall take all necessary and appropriate action to rapidly implement and enforce the healthcare price transparency regulations ... including, within 90 days of the date of this order, action to: [1] require the disclosure of the actual prices of items and services, not estimates; [2] issue updated guidance or proposed regulatory action ensuring pricing information is standardized and easily comparable across hospitals and health plans; and [3] issue guidance or proposed regulatory action updating enforcement policies designed to ensure compliance with the transparent reporting of complete, accurate, and meaningful data." [Also released: Fact Sheet]

Text of Executive Order 14330: Democratizing Access to Alternative Assets for 401(K) Investors

"A combination of regulatory overreach and encouragement of lawsuits filed by opportunistic trial lawyers has stifled investment innovation and largely relegated 401(k) and other defined-contribution retirement plan participants to asset classes whose returns lack the very same long-term net benefits allowed for and achieved by public pension plans and other institutional investors. My Administration will relieve the regulatory burdens and litigation risk that impede American workers' retirement accounts from achieving the competitive returns and asset diversification necessary to secure a dignified, comfortable retirement." [Also available:  Fact Sheet]

White House Fact Sheet on Executive Order to Democratize Access to Alternative Assets for 401(k) Investors

"The Order [1] directs the Secretary of Labor to reexamine the [DOL's] guidance on a fiduciary's duties regarding alternative asset investments in ERISA-governed 401(k) and other defined-contribution plans.... [2] instructs the Secretary of Labor to clarify the [DOL's] position on alternative assets and the appropriate fiduciary process associated with offering asset allocation funds containing investments in alternative assets.... [3] directs the Secretary of Labor to consult with the Secretary of the Treasury, the [SEC], and other federal regulators to determine whether parallel regulatory changes should be made at those agencies to give effect to the purpose of the Order.... [4] directs the [SEC] to facilitate access to alternative assets for participant-directed defined-contribution retirement savings plans by revising applicable regulations and guidance."

President Biden Vetoes Congressional Resolution That Would Have Blocked DOL ESG Rule

"I am returning herewith without my approval HJ Res. 30, a resolution that would disapprove of the [DOL's] final rule titled 'Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.' The [DOL's] final rule protects the hard‑earned life savings and pensions of tens of millions of workers and retirees across the country. It allows retirement plan fiduciaries to make fully informed investment decisions by considering all relevant factors that might impact a prospective investment, while ensuring that investment decisions made by retirement plan fiduciaries maximize financial returns for retirees."

Text of Executive Order 14297: Delivering Most-Favored-Nation Prescription Drug Pricing to American Patients

"To the extent consistent with law, the Secretary of [HHS] shall facilitate direct-to-consumer purchasing programs for pharmaceutical manufacturers that sell their products to American patients at the most-favored-nation price.... Within 30 days of the date of this order, the Secretary shall, in coordination with ... other relevant executive department and agency officials, communicate most-favored-nation price targets to pharmaceutical manufacturers to bring prices for American patients in line with comparably developed nations."

President Biden Nominates Lisa Gomez for DOL Assistant Secretary for EBSA

"Lisa M. Gomez is a partner with the law firm Cohen, Weiss and Simon LLP and the Chair of the Firm's Management Committee. Since 1994, she has developed her deep technical and practical experience in the multifaceted field of employee benefits law, representing various Taft-Hartley and multiemployer pension and welfare plans, single employer plans, jointly administered training program trust funds, a federal employees health benefit (FEHB) plan, supplemental health plans, and VEBAs."