Government Affairs

The Las Vegas Asian Chamber of Commerce Government Affairs’ mission is to advocate on behalf of its members, business, and community. The LVACC Government Affairs Committee researches concerns facing the business community. It reviews, informs, and educates members on legislative issues that affect you and your business community.
It will implement position statements and reach out to government relations partners to deliver support at the state, local, and federal levels. It will provide updates on pending legislation, sound recommendations, and serve as a liaison to the PAC.

Wednesday, March 13, 2024

ACC Director at Work Nationwide on Behalf of Members and all Nevadans 

Recently, Bill Wong, a member of the Board of Directors of the Las Vegas Asian Chamber of Commerce, traveled to Washington, DC, to advocate for our ACC seniors as well as Nevada seniors across the state who have Medicare Advantage.  He was fighting to keep the Medicare Advantage premiums low and benefits high. 

Getting older comes with its fair share of hurdles, with many retirees struggling to find affordable and reliable health care coverage. Especially as care costs only continue to soar, many seniors often feel helpless and confused about their options.  

For Bill, enrolling in a Medicare Advantage plan proved to be the best choice he made for his overall health and wellness. Under Bill’s care plan, his diabetes treatment is a fraction of the cost, and the emphasis on care coordination makes it so easy to stay on top of his appointments. Last year, when an unforeseen medical episode sent him to the hospital for multiple days, his program covered the care that allowed for a speedy and comfortable recovery. 

Along with Bill, over 33 million Americans choose Medicare Advantage for its high-quality and accessible care services. This health program also serves diverse populations across the country, including the larger Asian American community, where 43% of those eligible for fee-for-service Medicare opt for Medicare Advantage instead. We encourage our retired members seeking affordable, high-quality health care to consider Medicare Advantage.  

Click the link to learn more about Bill’s recent DC trip and how Medicare Advantage helps him live life to the fullest: Las Vegas Chinese News Network – Bill Wong

jak

Tuesday, April 26, 2022

Contact: Press@rosen.senate.gov

Rosen, Scott Introduce Bipartisan Bill to Lower Costs for Enhanced Retirement Plans for Small Business Employees

Legislation Would Reduce Administrative Barriers to Improve Retirement Plans for Workers at Small Businesses
WASHINGTON, DC – Today, U.S. Senators Jacky Rosen (D-NV) and Tim Scott (R-SC) introduced the Increasing Small Business Retirement Choices Act, bipartisan legislation that would make it easier for small businesses to offer more comprehensive retirement benefits to their workers by reducing administrative expenses. Both senators are members of the Senate Special Committee on Aging; the Senate Committee on Small Business and Entrepreneurship; and the Senate Health, Education, Labor, and Pensions Committee.
Currently, employers who offer 401(k) retirement plans and want to consider a “plan design change,” such as auto-enrollment or auto-escalation, must pay upfront out-of-pocket administrative costs, even if such changes might help employees save more money. This bill would change existing law to allow small business employers to use retirement plan funds to pay expenses associated with retirement plan design changes, lowering the cost of providing better plans to workers.
“Small businesses make up more than 99 percent of our state’s businesses and employ over half a million Nevadans. This bipartisan legislation will ensure small business workers have access to high-quality retirement plan benefits without facing a cost barrier,” said Senator Rosen. “Removing this bureaucratic red tape and additional cost will make small businesses stronger and provide their workers with the best and most comprehensive retirement plans possible.”
“Retirement planning is often a daunting and complicated process for millions of people concerned about securing the future of their families,” said Senator Scott, Ranking Member of the Senate Special Committee on Aging. “This bill will lighten the burden on workers at small businesses that do not always benefit from the same features of retirement plans under larger companies. Leveling the playing field to maximize benefits for the financial futures of all Americans should be a goal we can all get behind.”
“Innovative plan design features such as automatic enrollment and financial wellness programs have been shown to have a huge impact on American workers’ financial health and retirement security,” said Brian Graff, CEO of the American Retirement Association. “The expanded flexibility to cover the expenses associated with these programs means that more employers – and most particularly small business owners – will now be able to bring those advantages to even more workers.”
 
Follow Senator Jacky Rosen online:
Twitter: @SenJackyRosen
Facebook: Senator Jacky Rosen
Instagram: @SenJackyRosen
LINK: https://www.rosen.senate.gov/rosen-scott-introduce-bipartisan-bill-lower-costs-enhanced-retirement-plans-small-business

This week, Government Affairs Chair and Board Member, Ana Wood, advocated for senior-aged members and seniors across the state, asking that Nevada representatives continue their support of Medicare Advantage and ensure that there are no cuts to this valuable program @SenJackyRosen @CatherineCortezMasto @RepHorsford @RepSusieLee

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