Life and Annuity Groups Celebrate House Passage of Secure Act Bill

May 29, 2019 by Allison Bell

Life and annuity groups are celebrating the possibility that they might be able to get H.R. 1994 — a modest package of retirement savings changes — all the way through Congress, and onto the desk of President Donald Trump.

Partisanship slowed progress early Thursday. Some Republicans tried to keep the current version of the Setting Every Community Up for Retirement Enhancement Act (Secure Act) bill from coming up for a vote on the House floor. A motion to send H.R. 1994 back to congressional committees for more work failed by a fairly close, 200-222 vote.

Republican House members voted 188-12 to send the bill back to the committees.

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Originally Posted at ThinkAdvisor on May 24, 2019 by Allison Bell.