On March 29, 2022, the U.S. House of Representatives passed the Securing a Strong Retirement Act of 2022 with a bipartisan vote of 414-5. The act is often referred to as “SECURE 2.0” because it builds on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019.
Key SECURE 2.0 proposals include:
Although there is broad bipartisan support, slight modifications to the bill may occur as it moves through the legislative process.
A one-page summary of the legislation is available here.
A section-by-section summary of the legislation can be found here.
The U.S. Department of Labor has created a SECURE Act webpage for more information on the 2019 law.
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