As congress has been grappling with wealth disparities between America’s white and minority workers, there has been bipartisan support in Washington, D.C., for measures to assist those who are historically underserved or under-saved in our national system for accumulating and incubating retirement savings.
On the heels of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, there are different packages of proposed “SECURE Act 2.0” legislation making their way through the House of Representatives and the Senate. The House Ways and Means Committee unanimously passed the Securing a Strong Retirement Act earlier this year. The Senate’s version, the Retirement Security and Savings Act, was introduced ahead of the Senate Finance Committee’s July 28 hearing on how Congress can take measures to help Americans save more for retirement.
