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Congress Wants to Make More Changes to the U.S. Retirement System. Here's What's in Play


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. ....

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Trio of Senators Introduces Retirement Reform Bill


Trio of Senators Introduces Retirement Reform Bill
The Improving Access to Retirement Savings Act parallels, but does not exactly match, the Securing a Strong Retirement Act, a piece of legislation which was recently advanced out of committee in the House of Representatives.
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A bipartisan trio of senators has introduced a bill called the Improving Access to Retirement Savings Act, which, among other goals, would extend new retirement plan choices to nonprofit groups and expand/clarify incentives to encourage small businesses to offer plans to their employees.
The legislation parallels, but does not exactly match, the Securing a Strong Retirement Act, a piece of legislation which was recently introduced in the House of Representatives and which received a unanimous affirmative vote from the House Ways and Means Committee. Lawmakers in the House have taken to calling that bill “SECURE 2.0,” recognizing how it builds on the Setting Every Community Up fo ....

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