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On May 23rd, an Act dubbed S.E.C.U.R.E., Setting Every Community Up for Retirement Enhancement Act, passed the House of Representatives. A nearly identical bill, the Retirement Enhancement Securities Act (RESA), is currently in front of the Senate. The eventual legislation will likely have aspects of both. Whatever the nuances in the ultimate Act, the legislation is the most significant change in retirement-related laws since 2006.
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On May 23rd, an Act dubbed S.E.C.U.R.E., Setting Every Community Up for Retirement Enhancement Act, passed the House of Representatives. A nearly identical bill, the Retirement Enhancement Securities Act (RESA), is currently in front of the Senate. The eventual legislation will likely have aspects of both. Whatever the nuances in the ultimate Act, the legislation is the most significant change in retirement-related laws since 2006.