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Hatch, Wyden reintroduce RESA as omnibus battle looms

The retirement reform bill reduces small employers’ fiduciary liability, simplifies 401(k) safe harbor rules, and much more.

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Washington, D.C. Capitol Building The retirement reform bill reduces small employers’ fiduciary liability, simplifies 401(k) safe harbor rules, and much more. (Photo: Shutterstock)

Sen. Orin Hatch, R-UT, and Sen. Ron Wyden, D-OR, have reintroduced the Retirement Enhancement and Savings Act, a sweeping retirement reform bill first introduced in 2016 that sailed through the Senate Finance Committee on a unanimous vote.

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Nick Thornton

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.

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