As things move quickly in Washington, DC, NACUBO is your constant advocate in action. NACUBO On Your Side covers important legislative and agency activity NACUBO staff are tracking, what we’re currently advocating for, and how you can take action with us.
Here are the issues we are tracking and advocating for this week.
DOL Proposes Rule on Worker Classification
The U.S. Department of Labor published an October 13 Notice of Proposed Rulemaking on guidance for employers for classifying workers. The proposed framework reverses a Trump-era rule and closely aligns with longstanding legal precedent and existing tax guidelines on which employers have relied to properly characterize workers as employees or independent contractors.
PSLF Waiver Deadline Approaches
A limited waiver for the Public Service Loan Forgiveness Program (PSLF) will expire on October 31. As NACUBO has previously reported, the waiver allows new access to PSLF for some borrowers who were previously ineligible.
NACUBO Partners With Other Associations in Statement on Transcript Withholding
Responding to a Consumer Financial Protection Bureau’s (CFPB) report that described certain transcript withholding policies as abusive, the higher education community has issued a joint statement regarding the practice of transcript withholding. Citing research from NACUBO and other higher education associations, the statement encourages higher education leaders to closely examine and consider their transcript withholding policies.
NACUBO Encourages Lawmakers to Include Modified Legacy IRA Act in Retirement Legislation
In a community letter, NACUBO and 58 other nonprofit organizations thanked legislators for their continued support for the modified Legacy IRA Act in proposed House and Senate retirement legislation. The provision would facilitate charitable giving among seniors by allowing individuals, starting at 70.5 years old, to make tax-free IRA rollovers of up to $50,000 to charities through charitable gift annuities or charitable remainder trusts. Gifts up to $50,000 would be treated as a one-time qualified charitable distribution.
Join NACUBO for Post-Election Analysis
Join members of NACUBO’s policy team on Friday, November 18 from 2:00–2:30 pm ET for our next Washington Update. The webcast will focus on what November’s election may mean for higher education and provide insights on the latest regulatory and judicial actions in Washington. You can send questions in advance to firstname.lastname@example.org.