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Dealing with COVID-19's massive impact on employers, employee benefits, 401(k) and pension plans, health insurance, and more.

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Senate Majority Leader Mitch McConnell, R-Ky. (Photo: Diego M. Radzinschi/ALM) Senate Majority Leader Mitch McConnell, R-Ky. (Photo: Diego M. Radzinschi/ALM)

The full Senate passed by a 96-0 vote late Wednesday a $2.2 trillion coronavirus relief package, which includes a temporary waiver of required minimum distribution rules for certain defined contribution plans and IRAs for calendar year 2020.

The Coronavirus Aid, Relief, and Economic Security, or CARES Act, now heads to the House. House Majority Leader Steny Hoyer, D-Md., said the full House will consider the bill on Friday.

Melanie Waddell

Melanie is Washington Bureau Chief, Investment Advisory Group. She also covers regulatory and compliance issues. Her column, The Playing Field, appears in Investment Advisor and on ThinkAdvisor.com, and she also writes the briefing and produces the podcast, Human Capital. Earlier in her career, Melanie covered financial issues at American Banker/Thomson Media publications in Washington and New York. You can reach her at [email protected] On twitter: @Think_MelanieW

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