SECURE 2.0: What Individual Investors and Employers Need to Know

April 2022 The Securing a Strong Retirement Act of 2022 (SECURE 2.0 or H.R. 2954), introduced by Ways and Means Committee Chairman Richard Neal (D-MA) and Kevin Brady (R-TX), passed the House on March 29, 2022. Both parties supported the bill, and it passed with a decisive 414-5 vote. This bill’s overall goal is to “increase retirement savings, simplify and clarify retirement plans” and “other purposes.” It now goes to the Senate, where it is expected to go through a markup based on the Senate’s own version of a similar bill—the Retirement Security and Savings Act of 2021. View the full article here.