"SECURE 2.0″ is the nickname of some fairly significant retirement legislation that has been introduced. A recent TIAA webinar aimed to clarify what's in this legislation working its way through the House of Representatives, as well as what is in tandem legislation wending through the Senate. TIAA's Larry "Chad" Chadwick, SMD Government Relations; Christopher Spence, Managing Director, Federal Government Relations; David Swallow, Head of Consultant Relations, and Raoul Manchand, Director of Regulatory Engagement provided insights into the two pieces of retirement legislation.

SECURE 2.0: What it is, who proposed it

SECURE 2.0 is officially known as "Securing a Strong Retirement Act," and was introduced by House of Representatives Ways and Means Committee Chairman Richard E. Neal (D-MA) and Ranking Member Kevin Brady (R-TX) in October 2020. In May 2021, after being reintroduced by the two men, it was unanimously passed by the Ways and Means Committee.