statue of George Washington in national capitol rotunda The SECURE ACT is “the most meaningful step Congress has taken to address the savings access gap,” says Prudential Retirement’s Harry Dalessio. (Photo: Diego M. Radzinschi/THE NATIONAL LAW JOURNAL)

The highly anticipated SECURE 2.0 Act is one step closer to passage. The legislation was included in the $1.7 trillion omnibus appropriations bill for 2023, which Congress released on Tuesday and is expected to consider later this week.

Because the framework of the bill already had been agreed upon by both Democratic and Republican congressional leaders, it is expected to pass by the Friday deadline and be the final piece of legislation acted on by this Congress. If it doesn’t pass, another continuing resolution would be necessary to avoid a government shutdown.

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