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SECURE 2.0 retirement bill clears committee and moves closer to passage

In 2019, Congress passed and then-President Trump signed the SECURE Act, which instituted a range of changes to the country's retirement system. Now lawmakers are looking to move much quicker in following up with a retirement bill informally being called SECURE Act 2.0 making its way through Congress. The bill is “building on the success of the SECURE act,” said Rep. Richard Neal (D., Mass.), chairman of the House Ways and Means at a hearing on. ....

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Retirement Enhancement Package Moves Out of Committee With Bipartisan Support

Retirement Enhancement Package Moves Out of Committee With Bipartisan Support
The House Ways and Means Committee approved a bipartisan package aimed at strengthening Americans’ retirement security.
The package, the Secure Act of 2021, also called Secure 2.0, was co-sponsored by Ways and Means Chairman Richard Neal (D-Mass.) and ranking member Kevin Brady (R-Texas) and includes dozens of provisions that build on a retirement law from 2019.
“The retirement crisis in America is real and will only worsen unless we make saving easier and do more to encourage workers to begin planning for retirement earlier,” Neal said during his opening statement during Wednesday’s hearing. ....

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George Munoz | The NM Political Report

George Munoz | The NM Political Report
nmpoliticalreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nmpoliticalreport.com Daily Mail and Mail on Sunday newspapers.

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Senate panel unveils changes to $7.4 billion budget bill

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The Senate Finance Committee on Wednesday unveiled proposed changes to a House-approved $7.4 billion spending plan that would increase state funding for higher education financial aid programs and a New Mexico tourism marketing initiative, among other amendments. (Eddie Moore/Journal)
Copyright © 2021 Albuquerque Journal
SANTA FE – Proposed changes to a House-approved $7.4 billion budget bill unveiled Wednesday would increase state spending for several New Mexico financial aid programs for college and university students.
Specifically, the Senate Finance Committee amendments to the budget plan would add $11 million for an Opportunity Scholarship program that Gov. Michelle Lujan Grisham has championed, bringing spending on the program to $16 million for the budget year that starts July 1. ....

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Senate Finance Committee Votes To Work Additional Funds Into Budget So College Is More Affordable For New Mexicans

Senate Finance Committee Votes To Work Additional Funds Into Budget So College Is More Affordable For New Mexicans
SFNM
The prospect of additional state funds brought welcome news for New Mexico’s college students Wednesday.
Based on an improved revenue outlook, New Mexico will have an additional $373 million to spend, bringing the state budget to $7.436 billion, financial experts said during a Senate Finance Committee hearing.
The extra money would include a one-time appropriation of over $20 million to make college more affordable for New Mexicans.
Some $11 million of the new money would go into the state’s Opportunity Scholarship Program, which gives residents the chance to attend college tuition-free. ....

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