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As the SECURE Act was getting stiff-armed by a handful of lawmakers in the Senate after passing out of the House of Representatives last spring, the prevailing narrative was that the retirement bill would have to be attached to a must-pass, end-of-year spending package in order to become law.
Advocates for SECURE reportedly descended on the nation's Capitol to make their case as lawmakers negotiated the contours of the 2020 budget. In the end, those advocates got their wish, and SECURE became law when the president signed the spending package.
But as they made their pitch, SECURE's advocates walked a bit of a tightrope. Many important provisions of the law that had earlier passed the House carried a January 1, 2020 effective date.
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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.
