01.10.22
The Clock Is Ticking on Retirement Security Bills, Industry Experts Say
by: Brian Croce
Lawmakers on both sides of the aisle are motivated to pass another major retirement security package in 2022, but with midterm elections looming in November, time is of the essence, according to retirement industry sources. Melissa Kahn, managing director of retirement policy for State Street Global Advisors' defined contribution team, is optimistic a SECURE 2.0 bill will pass in 2022 but said getting it done before Congress' August recess is crucial because legislative business tends to slow down before a midterm election. Bradford P. Campbell, former assistant secretary of labor for the Employee Benefits Security Administration, agreed, saying "Congress would like to have some bipartisan achievements to point to so they can go back home and say they can work together; it's not all gridlock and problems."
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