Concerns in the House over some of RESA's provisions have stalled the bill's progress.(Photo: Mike Scarcella/ALM)
The chance that bipartisan retirement legislation will be attached to the omnibus spending bill is looking unlikely, as lawmakers speed to hammer out a $1.3 trillion agreement to fund the government by the end of Friday.
The Retirement Enhancement and Savings Act, which passed out of the Senate Finance Committee on a unanimous vote in 2016, would create sweeping reforms for the private sector retirement market, including the creation of open multiple employer plans and other incentives for sponsoring workplace retirement plans.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
