Capitol building in Washington D.C. Questions remain as to the language—or lack oflanguage—in the SECURE Act that would allow existing retirementplan service providers to be fiduciary sponsors of Open MEPs,according to Phil Waldeck, president of Prudential Retirement.(Photo: Shutterstock)

The nearly unanimous vote to pass the SECURE Act out of the U.S.House of Representatives has industry stakeholders optimistic thatthe largest retirement bill in more than a decade will ultimatelybe signed into law.

Last week, the Senate attempted to “hotline” the bill, whichwould have effectively moved the SECURE Act to a unanimous consentvote in the upper chamber.

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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.