Senators are attempting to get the Setting Every Community Up for Retirement Enhancement (Secure) Act attached to other legislation, like a “minibus” or “omnibus” spending bill, to ensure passage by year-end, according to Charlie Bolton, an aide to Sen. Rob Portman, R-Ohio.
“Hopefully by the end of the year Senator Portman would like to see the [Secure] legislation become law,” Bolton said at the American Society of Pension Professionals and Actuaries annual conference in National Harbor, Maryland, just outside Washington.
“This is common-sense legislation that needs to get done now,” he said. “It’s urgent; it’s important.”
The aide explained that the Secure Act has not been able to pass “by unanimous consent because there’s a couple of holds in the Senate.” He added: “There are a lot of ideas we have to sort of break through the logjam.”
To be “honest,” he told attendees, “we’re a little bit stuck right now, and that’s why it’s so important that you’re here.”
ASPPA members headed to Capitol Hill Tuesday to lobby for retirement planning issues, with the Secure Act at the top of their list.