Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor
the Capitol on Capitol Hill in Washington, D.C.

Regulation and Compliance > Legislation

Second Senate Secure Act 2.0 Bill to Be Discussed Next Week

By Melanie Waddell

X
Your article was successfully shared with the contacts you provided.

What You Need to Know

  • The Senate Finance Committee plans to consider on Wednesday the Enhancing American Retirement Now (EARN) Act.
  • The Earn Act will be combined with the Senate HELP Committee's Rise & Shine Act.

The Senate Finance Committee plans to consider on Wednesday the Enhancing American Retirement Now (EARN) Act, legislation that’s intended to be included in the Senate’s version of Secure Act 2.0.

The Senate Health, Education, Labor & Pensions Committee passed by voice vote on June 14 the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg, or Rise & Shine Act.

The bills from the HELP Committee and Finance Committee will be combined to make up the Senate’s Secure Act 2.0 package.

The Senate bill will be reconciled with the House-passed Secure Act 2.0 legislation, which passed in March, before a final bill gets voted on by both chambers.

“Coming on the heels of the Senate HELP Committee approval of the Rise & Shine Act, this next step demonstrates powerful momentum behind putting a comprehensive retirement security measure on President Biden’s desk this year,” the Insured Retirement Institute said in a statement late Friday.

Besides boosting the required minimum distribution age from 72 to 75, the Senate Finance bill includes measures on automatic enrollment, rollovers and expands the types of contributions that may be made to a SIMPLE IRA plan or a SIMPLE 401(k) plan.

Melanie Waddell

@Think_MelanieW

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.