U.S. Capitol rotunda with statue There were initially high hopes that the Senate wouldpass the SECURE Act with a unanimous consent (which allows the billto avoid some of the usual processes), but that has not happened.(Photo: Diego M. Radzinschi/ALM)

The House of Representatives passed the Setting Every Community Up for RetirementEnhancement Act of 2019 (the "SECURE" Act) with a nearunanimous vote in late May. The Act has been hung up in the Senateever since, but industry advocates remain optimistic of itspassage.

If approved by the Senate, the SECURE Act would be the firstconcrete step toward retirement plan reform since the PensionProtection Act of 2006.

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