With the nation's attention now focused on rebuilding New Orleans and other Gulf Coast cities devastated by Hurricane Katrina, common sense would say that a pair of key mutual fund industry issues that were front-burner topics before Congress broke for the summer won't get much attention now that lawmakers are back to work.

President Bush's proposal to privatize Social Security and a renewed push by the fund industry to eliminate the capital gains tax probably won't be near the top of anyone's agenda in Washington until recovery is well under way, according to recent news out of the Capitol.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.