Benefits & Executive Compensation News

Senate’s Retirement Bill Wrangling Shows No Signs of Abating

Nov. 7, 2019, 6:42 PM

Senate haggling over a House-passed retirement bill (H.R. 1994) scored floor time Nov. 7 but failed to move things forward as Democrats rejected a handful of tax-related changes.

SECURE Act opponents have blocked it from moving through the Senate as-is since May. Six months later, Sens. Ted Cruz (R-Texas) and Pat Toomey (R-Pa.) proposed ending the standoff by allowing each party to reshape the pending legislation via a limited number of amendments.

Sen. Patty Murray (D-Wash.) rejected the offer on the Senate floor, challenging her GOP counterparts to vote on the current bill. Democratic tax writers in both chambers have...

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