The SECURE Act has been billed as the most significant piece of retirement legislation since passage of the Pension Protection Act in 2006. (Photo: Shutterstock)
The roadblocks to passing the Setting Every Community Up for Retirement Enhancement Act in the Senate by unanimous consent are leaving industry proponents of the bill hopeful it can be tacked onto must-pass spending bills this fall.
After influential GOP Senators Ted Cruz, R-TX, and Pat Toomey, R-PA, placed holds on the bill earlier this summer, hopes had turned to an agreement that would raise the debt ceiling.
The deal brokered between the White House and Congressional leaders this week, which increases discretionary spending by $320 billion over the next two years, did not include any add-on legislation.
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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.
