There were initially high hopes that the Senate would pass the SECURE Act with a unanimous consent (which allows the bill to avoid some of the usual processes), but that has not happened. (Photo: Diego M. Radzinschi/ALM)
The House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (the "SECURE" Act) with a near unanimous vote in late May. The Act has been hung up in the Senate ever since, but industry advocates remain optimistic of its passage.
If approved by the Senate, the SECURE Act would be the first concrete step toward retirement plan reform since the Pension Protection Act of 2006.
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