Senate Working to Pass Secure Act Retirement Bill: Grassley
June 17, 2019 by Melanie Waddell
Senate Finance Committee Chairman Sen. Chuck Grassley, R-Iowa, said Wednesday that the Senate is now working to pass the Setting Every Community Up for Retirement Enhancement (Secure) Act of 2019, “as the House passed it,” but the timeline on passage is uncertain.
At an event held by the National Association for Fixed Annuities at The Watergate Hotel in Washington, Grassley told annuity-industry officials before they headed to Capitol Hill for their annual lobbying day that retirement policy was a top priority for his committee’s multi-pronged agenda for the 116th Congress. Other issues include prescription drug pricing, implementation of the new tax law and international trade negotiations.
“Your visit couldn’t come at a better time,” Grassley told attendees, noting the full House’s May 23 passage of the Secure Act, which is based on the Retirement Enhancement Savings Act, or RESA, a bill that came out of the Senate Finance Committee. “Right now, we’re working to pass the Secure Act as the House passed it and send it to the president,” Grassley said.
When asked by ThinkAdvisor after his remarks on the timing of the Senate passing the Secure Act, Grassley said, “I wish I could give it to you.”
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