Senators Urge Labor Agency to Act on Key SECURE 2.0 Provisions

Senate leaders are urging the US Labor Department to prioritize several retirement plan access provisions Congress passed late last year, including initiatives to promote employee ownership, and pension-linked emergency savings.

The chair and ranking member of the Senate Committee on Health, Education, Labor and Pensions sent the department a letter this week outlining provisions in the new SECURE 2.0 Act (Pub. L. No. 117-328) they believe the DOL should “effectively and expeditiously implement.”

Sen. Bernie Sanders (I-Vt.), committee chair, and Bill Cassidy (R-La.), the ranking member, said full implementation of the sweeping retirement access law is “the ultimate ...