Separately, the Senate equivalent, the Retirement Enhancement and Savings Act of 2019, was introduced on April 1, 2019. That eats up a lot of the legislative days.’”In August, Pensions & Investments reported, “Prospects dim on clear sailing for SECURE Act; Supporters Still Hopeful Despite Holdup in Senate.”In November, that same journal reported, “Latest Senate attempt to move on SECURE Act fails.” The article recounts an attempt by Senate Republicans to seek consideration of the House-passed SECURE Act with five amendments and a fixed length of time for debate; this time it was Senate Democrats’ turn to object to these conditions. “In other words, anyone opposed to the Secure Act at that point would have to oppose the budget bill — or any other, for that matter — that it was attached to.”And, indeed, that’s what came to pass — the SECURE Act was included in the budget bill passed today. Yes, the SECURE Act had bipartisan support but for these small disagreements. This is embarrassing.”So, yes, passage of the SECURE Act is great.

Source: Forbes December 20, 2019 05:30 UTC