June 2026 Public Policy Update

A few weeks ago, we hosted The Policy Pulse, a webinar designed to give you the inside scoop on how CFP Board is working behind the scenes to promote financial planning public policy in our nation's capital. Thank you to those who joined, and if you missed the webinar, click here to watch the recording.

CFP Board also recently launched our new Advocacy Center and a campaign to promote the Tax Relief for Victims of Crimes, Scams and Disasters Act. A special thank you to those who have emailed your elected officials asking them to support this bipartisan piece of legislation that would provide needed relief to those who have been scammed and defrauded. If you'd like to participate in this campaign, please click here.

Now, onto what's happening with Congress and the Administration.

After passing a second reconciliation package to fund Immigration and Customs Enforcement and Customs and Border Protection, the GOP turns to discussing a third package to address affordability. These talks remain stalled as President Trump and Republican leaders in Congress are at odds on a number of items, including the pick of current acting Director of National Intelligence Bill Pulte, the SAVE American Act (the voting rights bill) and the extension of the Foreign Intelligence Surveillance Act (FISA). With these issues, and the need to tackle government funding by September 30, Congress has a long to-do list, with very few days in session before they depart for the August recess and eventually go back home for the midterms.

One issue on the "to-do list" that has moved forward is the 21st Century ROAD to Housing Act, a major bipartisan housing affordability and supply package. In a rare bipartisan vote of 85-5, the bill passed the Senate on Monday, June 22, followed by swift passage in the House with a vote of 358-32. Among other provisions, the final language restricts large institutional investors from buying single-family homes. President Trump announced a signing ceremony on Capitol Hill prior to his lunch with Senate Republicans, but he reversed course, stating that the signing of the housing bill is canceled until Congress passes the SAVE America Act, the voting rights legislation. The voting rights bill is widely seen as controversial, as Democrats and a handful of prominent GOP members strongly oppose the legislation, and Majority Leader John Thune (R-SD) stated that the votes are not there to pass it. With regards to the housing bill, it is now in a holding pattern at the time of this writing.

Crypto continues to be a hot-button issue, with the market structure bill facing ethics related delays. Senate negotiations on cryptocurrency market structure legislation have stalled over ethics provisions aimed at preventing government officials and members of Congress and their families from profiting from digital asset ventures. Supporters of the bill, including key Democratic senators, have indicated that stronger ethics safeguards are necessary for continued bipartisan support. The impasse leaves the legislation's path forward uncertain, with ethics requirements now viewed as one of the most significant unresolved issues.

CFP Board Weighs In on Labor Department Proposed Rule and SEC Earnings Reporting Proposal

CFP Board remains active on Capitol Hill, including pushing for the Tax Relief for Victims of Crimes, Scams and Disasters Act and other legislation we have endorsed (see our Legislative Tracker). We also continue to monitor for and comment on regulatory proposals that could potentially impact your day-to-day.

For example, on June 1, CFP Board submitted a comment letter on the Department of Labor's proposed rule regarding fiduciary duties in selecting retirement plan investment options. While supporting the department's goal of clarifying ERISA fiduciary obligations, CFP Board urged revisions to ensure fiduciaries remain focused on prudent, participant-centered outcomes rather than a check-the-box process. The letter also raised concerns that the proposal could encourage greater use of complex alternative investments that may not be appropriate for most retirement savers. Please read the comment letter here.

We are also reviewing a proposal from the Securities and Exchange Commission (SEC) to allow public companies to elect semiannual reporting on a new Form 10-S instead of filing quarterly reports on Form 10-Q. Companies choosing this option would file one semiannual report and one annual report each year, rather than three quarterly reports and one annual report. The SEC argues that the proposal is intended to provide greater flexibility in determining reporting frequency while maintaining investor access to material information. Comments are due on July 6.

Read about relevant public policy news on CFP Board's website through Public Policy Updates, and on CFP Board's social media.