The Retirement Enhancement and Savings Act should have been passed 'eons ago,' said Senator Ron Wyden D-OR and Finance Committee chairman Chuck Grassley, R-IA, and other lawmakers echoed his sentiment. (Photo: Shutterstock)
The Retirement Enhancement and Savings Act, a wide-ranging retirement bill that first passed out of the Senate Finance Committee by unanimous vote in 2016, should have been passed into law “eons ago,” according to ranking member Ron Wyden, D-OR.
Finance Committee chairman Chuck Grassley, R-IA, and other lawmakers echoed Wyden's sentiment during a hearing on retirement and on a day another expansive retirement bill, The Retirement Security & Savings Act, was reintroduced in the Senate.
“We have to get RESA done—the first priority is to get it across the finish line as soon as possible,” said Sen. Ben Cardin, D-MD, who is the co-sponsor of The Retirement Security & Savings Act, along with Sen. Rob Portman, R-OH.
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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.
