Pub. 10 2020-2021 Issue 6

Despite political partisanship that has marked much of the 116th Congress in 2019 and 2020, there have been some notable exceptions with bipartisan outcomes. The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 proved that cooperation is possible. That legislation, enacted in December 2019, made significant enhancements to tax-advantaged savings arrangements.

With the COVID-19 pandemic raging,the Colorado Legislature passed the Healthy Families & Workplaces Act, CRS § 8-13.3-401, et. seq. (the “HFWA” or the “Act”), went into effect on Jan. 1, 2021. The law requires employers to provide paid sick leave to their employees.

April is Financial Literacy Month across the country, during which banks and community partners redouble efforts to assist consumers in becoming more financially savvy by drawing attention to ongoing programs and available products toward that end. This year, our communities need our help more than ever as they emerge from the COVID-19 pandemic.

In recent months, interest has again been percolating around a public bank concept: a bank funded with and operated using taxpayer dollars. This idea is a dangerous answer in search of a question, and it is fraught with risk.