It has been a busy week in Washington. The Congressional Budget Office released its report on the Better Care Reconciliation Act (“BCRA”), the Senate’s version of “repeal and replace” legislation.

On June 22, 2017, the Senate released draft health care reform legislation, the Better Care Reconciliation Act of 2017 (“BCRA”). It is substantially similar to the America’s Health Care Act (“AHCA”).

The law requires employers who have employees working in San Francisco to provide supplemental compensation to employees who are receiving California Paid Family Leave.

New rules are effective June 9, 2017 that affect investment advisors with respect to health savings accounts (“HSAs”) with investment options (as well as retirement plans and IRAs).

The New York Paid Family Leave law becomes effective January 1, 2018 and, when fully phased in, an employee will receive 67% of his/her average weekly wages, capped at 67% of the average statewide weekly wage.