Throughout a current occasion hosted by the Bipartisan Coverage Heart, Sens. Cory Booker, D-N.J., and Todd Younger, R-Ind., stated they continue to be optimistic that main retirement reform laws generally known as the Safe Act 2.0 would quickly change into legislation.
Technically, Safe 2.0 is a legislative framework and never a particular invoice. As an alternative, it contains a number of items of associated laws working their manner by the Home and Senate, together with the Home-passed Securing a Sturdy Retirement Act and two payments which have solely handed out of committee within the Senate, dubbed the Earn Act and the Rise & Shine Act.
With restricted flooring time remaining within the Senate in 2022, lawmakers nonetheless should move a nationwide protection authorization invoice, in addition to laws to maintain the federal government funded. As such, Younger and Booker conceded, passage of Safe 2.0 may very nicely slip into 2023. Both manner, they really feel optimistic that the laws will stay excessive on the listing of congressional priorities and potentialities.
To mark the legislative progress unfolding on Capitol Hill, LPL Monetary has printed new survey information generated from a ballot of greater than 600 LPL-affiliated monetary advisors, discovering close to common help for Safe 2.0. General, greater than 95% of respondents favor the laws’s passage.
See the slideshow for a rundown of advisors’ favourite Safe 2.0 provisions, alongside different key info and statistics the converse to the significance of the laws’s passage.