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However, he said, the differences between the bills would need to get worked out. And, exactly how to offset any resulting revenue losses could be a sticking point. The House bill has some pay-fors, said Paul Richman, chief government and political affairs officer for the Insured Retirement Institute. The Senate bill has none at all, but that could change. Called the Securing a Strong Retirement Act and nicknamed Secure 2.0 the House bill received unanimous approval last month from the Ways and Means Committee. Its sponsors are the panel s chairman, Richard Neal, D-Mass., and ranking member Kevin Brady, R-Texas. The Senate bill called the Retirement Security and Savings Act and sponsored by Sens. Ben Cardin, D-Md., and Rob Portman, R-Ohio has not yet received committee attention but is expected to next month, according to a person familiar with the bill s path forward.

Richard nealMorgan lewisRob portmanBen cardinPaul richmanTimothy lynchKevin bradyTreasury departmentMeans committeeRetirement instituteSecure actPersonal financeInsured retirementStrong retirement actRetirement securitySavings act