SECURE Act 2.0 Possible for Senate Finance After August Recess

Retirement legislation known as SECURE 2.0 could be on the Senate Finance Committee’s agenda after the annual August recess, a committee aide said Monday.

“We’re very hopeful at the Finance Committee that we can put together another package” similar to legislation (H.R. 2954) recently approved by the House Ways and Means Committee, said Drew Crouch, senior tax and ERISA counsel for Senate Finance.

The House bill, which cleared the tax-writing panel unanimously, would automatically enroll new employees into workplace retirement plans and raise the age when people must start taking money out of retirement savings plans to ...