The Retirement Enhancement and Savings Act, first introduced in the 114th Congress in the Senate, includes an array of provisions that would impact the small employer retirement plan market. (Photo: Mike Scarcella/ALM)
As was widely predicted, Democrats broke serve in Tuesday's election, winning at least 27 seats in the House of Representatives previously held by Republicans, four more than were needed to claim majority rule, according to realclearpolitics.com.
Republicans held serve in the Senate, picking up four seats, losing one, and retaining at least a 52-seat majority. Outcomes of elections in Arizona and Mississippi have yet to be determined.
While the reality of divided rule in Congress raises the prospect of legislative gridlock, many in the retirement industry expect significant retirement law will be passed, perhaps as early as in the 115th Congress' lame duck session.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
