Principal Michael Kreps provided commentary to Pensions & Investments on the challenges facing the passage of a SECURE 2.0 package. SECURE 2.0, or the Securing a Strong Retirement Act, would enact retirement reform similar to 2019’s Setting Every Community Up for Retirement Enhancement (“SECURE”) Act. A SECURE 2.0 bill is unlikely to get floor time in the Senate and passing it through unanimous consent — a fast-tracked process where no senator objects — is difficult, said Kreps. If a SECURE 2.0 bill were to pass, members in the House and Senate would likely work out some sort of compromise through an informal process and then attach the bill to a piece of must-pass legislation or a larger bill that’s moving through Congress, Kreps said. The original SECURE Act was attached to a year-end spending bill in 2019. Click here to read the article. Visit Groom’s SECURE Act Resource Library for more information on SECURE and SECURE 2.0.
Publications Summary of Provisions in the Securing a Strong Retirement Act of 2021 Groom PublicationMay 13, 2021
Publications Comparison of Provisions in SECURE 2.0 and Cardin-Portman Groom PublicationJuly 15, 2021
Events Groom Webinar: SECURE 2.0: An Overview and Prospects for Retirement Legislation in 2021 (May 11, 2021) Groom WebinarMay 11, 2021