Welcome to The WP&BC Portland Chapter

Beyond SECURE 2.0 – An Update on Legislation, Regulation, and Litigation 

In an election year, Congress generally shuts down early so members can begin campaigning.  So, while we are not expecting SECURE 3.0 this year, positioning for tax legislation in 2025 has already begun.  In this session, we will discuss the impact that the election will have on tax policy next year, including risks to the tax incentives for retirement savings.  We will preview what the next big retirement bill might look like and what issues Congress will want to take up next.  We will discuss the final months of the first Biden administration, as regulators rush to finalize controversial regulations and implement SECURE 2.0.  Finally, we will discuss the latest fronts in the continuing war against class action law firms who have found our industry a fertile ground for their lawsuits.  

Michael Hadley is a Partner at Davis & Harman LLP. He practices in the area of employee benefits, advising clients on the full range of tax, ERISA, and other laws affecting benefit plans, particularly focused on 401(k), 457(b), and 403(b) plans. Mike is a frequent speaker and author on the benefits and tax developments coming out of Washington, DC and has testified before Treasury, IRS, and the Department of Labor. He provides public policy assistance to trade associations and financial institutions and serves as outside government relations counsel to The SPARK Institute.

Among his professional activities, Mike serves on the Program Advisory Committee for Virginia’s state-facilitated private retirement program. Mike is the co-editor of the 403(b) Answer Book and is the author of the chapter on “Annuities in Tax-Favored Retirement Plans” in the Annuities Answer Book. He previously served as the firm’s Managing Partner.

Prior to joining Davis & Harman LLP, Mike was Associate Counsel for Pension Regulation at the Investment Company Institute, the national association of U.S. investment companies.

He received his law degree from the University of Virginia, where he was notes editor of the Virginia Law Review. Michael received his B.A., cum laude, from the College of William & Mary.