The House Ways and Means Committee unanimously passed a bill Wednesday, May 5, that would make changes to how U.S. workers save for retirement, making it easier for annuities to find their way into plans.
Known as the Securing a Strong Retirement Act of 2021, the bill is colloquially known as "SECURE 2.0." It comes less than 18 months after the SECURE Act of 2019 was signed into law by then-President Donald Trump.
Like that legislation, the follow-up bill has bipartisan support. It is co-sponsored by Ways and Means Committee Chairman Richard Neal, D-Mass., and ranking member Kevin Brady, R-Texas. Find out what’s included in the bill.