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SECURE Act 2 0 Passed Unanimously by Ways and Means Committee

SECURE Act 2.0 Passed Unanimously by Ways and Means Committee A rare unanimous affirmative voice vote by the Ways and Means Committee allows the SECURE Act 2.0 to be considered by the full House of Representatives. Reported by The Ways and Means Committee of the U.S. House of Representatives voted unanimously Wednesday afternoon to advance the Securing a Strong Retirement Act for future consideration by the full chamber. Led by Ways and Means Committee Chairman Richard Neal, D-Massachusetts, and Ranking Member Kevin Brady, R-Texas, the committee members spoke one after another in praise of the legislation, which they refer to as the “SECURE Act 2.0,” a reference to 2019’s Setting Every Community Up for Retirement Enhancement (SECURE) Act. They used words such as “joy” and “delight” to describe their feelings about the advancement of the bill, which has been the recipient of significant support from all facets of the retirement planning industry.

House Committee to Consider New Retirement Bill This Week — What Would It Mean for You?

House Committee to Consider New Retirement Bill This Week — What Would It Mean for You?
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House Committee Expected to Advance SECURE Act 2 0

House Committee Expected to Advance ‘SECURE Act 2.0’ Commenting on the expected legislative action, sources agree the stakes remain high when it comes to addressing the U.S. retirement security gap. Reported by The House Ways and Means Committee has scheduled a markup session for 11 a.m. EST, May 5 i.e., tomorrow focused on advancing the “Securing a Strong Retirement Act.” A markup session is where a committee formally considers a bill and debates amendments, should any be put forward by committee members. Typically, such sessions conclude with a vote on a final version of a bill for full House floor consideration, though other outcomes are possible that would potentially pause or slow the bill’s progress. Should the committee advance the bill by majority vote, it is possible the full House could vote on the legislation in the coming weeks or months.

House committee poised to advance SECURE 2 0 retirement savings bill

House committee poised to advance SECURE 2.0 retirement savings bill The bill, which builds on the SECURE Act, would raise the required minimum distribution age from 72 to 75 over 10 years. May 4, 2021 3 MINS A major retirement savings bill that would raise the age at which retirees must dip into their retirement accounts is poised to take the first step on its legislative journey this week.   The House Ways & Means Committee has scheduled a Wednesday vote on the Securing a Strong Retirement Act. The bill first floated last fall and now set to be reintroduced is a follow-up to the landmark SECURE Act enacted in late 2019.

House committee to mark up next big retirement security package this week

House committee to mark up next big retirement security package this week House committee to mark up next big retirement security package this week Bloomberg Rep. Richard Neal, D-Mass., chairman of the House Ways and Means Committee and ranking member Rep. Kevin Brady, R-Texas. The House Ways and Means Committee will hold a markup session on Wednesday where it will discuss a retirement security package often referred to as SECURE 2.0. The bill under consideration the Securing a Strong Retirement Act of 2021 includes dozens of provisions aimed at boosting retirement security. A spokeswoman for Ways and Means Committee Chairman Richard Neal, D-Mass., the bill s sponsor, said in an email Monday afternoon that it should be officially posted to Congress website soon.

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