The Family Savings Act does not provide an annuity selection safe harbor for employers, a provision included in the Retirement Enhancement Savings Act (RESA), a separate and more comprehensive bill that has been introduced in both the House and Senate. (Photo: Shutterstock)
The Family Savings Act of 2018 passed out of the House Ways and Means Committee on a 21 to 14 party-line vote.
The bill now moves to a full floor vote with two other bills packaged under Tax Reform 2.0., currently scheduled for October 1.
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