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SECURE 2.0: What Individual Investors and Employers Need to Know

SECURE 2.0: What Individual Investors and Employers Need to Know

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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.

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