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when will secure act 2.0 be voted on by senate ?

**When Will the SECURE Act 2.0 Be Voted On by the Senate?**

The SECURE Act 2.0, a significant piece of legislation aimed at enhancing retirement savings for Americans, has been a topic of interest for many in recent months. As the year 2022 drew to a close, many wondered whether this bill would be passed by the Senate before the end of the year. In this blog post, we will explore the timeline of the SECURE Act 2.0, its key provisions, and when it is likely to be voted on by the Senate.

### Background: The Original SECURE Act

The SECURE Act, which stands for *Setting Every Community Up for Retirement Enhancement*, was first enacted in 2019. This law introduced several changes to retirement savings plans, including the repeal of the “stretch IRA” rule and the increase in the age for required minimum distributions (RMDs) from 70½ to 72. The SECURE Act was a significant step forward in helping Americans prepare for retirement, but lawmakers recognized that more could be done to improve retirement security.

### What is the SECURE Act 2.0?

The SECURE Act 2.0 is an expanded version of the original SECURE Act. It includes a number of provisions designed to further strengthen retirement savings and planning. Some of the key changes in the SECURE Act 2.0 include:

1. **Increasing the RMD Age**: The SECURE Act 2.0 proposes to increase the age for required minimum distributions (RMDs) from 72 to 75 by 2033. This change is intended to allow retirees to keep more money in their retirement accounts for a longer period.

2. **Expanding Automatic Enrollment in Retirement Plans**: The bill includes provisions that would require more employers to automatically enroll employees in retirement plans, with the option for employees to opt out. This is designed to encourage more people to start saving for retirement earlier.

3. **Enhancing Retirement Savings for Small Business Employees**: The SECURE Act 2.0 includes incentives for small businesses to offer retirement plans to their employees, making it easier for workers at small businesses to save for retirement.

4. **Allowing Larger Catch-Up Contributions**: The bill proposes to increase the catch-up contribution limits for retirement plans, allowing older workers to save more as they approach retirement.

### Legislative Progress: When Will the SECURE Act 2.0 Be Voted On?

The SECURE Act 2.0 has been making its way through Congress for some time. In March 2022, the House of Representatives passed its version of the bill, known as the *Securing a Strong Retirement Act of 2022*. The Senate Finance Committee then passed its version of the bill in June 2022.

As the end of 2022 approached, there was a lot of speculation about whether the SECURE Act 2.0 would be passed by the Senate before the end of the year. Senate Majority Leader Chuck Schumer (D-N.Y.) indicated that the bill was likely to be included in an omnibus spending bill that would be voted on before Christmas.

### The Final Vote: Passage of the SECURE Act 2.0

In the final days of 2022, Congress passed the *Consolidated Appropriations Act, 2023*, which included the SECURE Act 2.0. The bill was passed by both the House and the Senate and was signed into law by President Biden on December 29, 2022.

### Conclusion: The Impact of the SECURE Act 2.0

The passage of the SECURE Act 2.0 represents a significant step forward in retirement planning and savings for Americans. The provisions in this bill are designed to make it easier for individuals to save for retirement, particularly for those who may have struggled to do so in the past. As the SECURE Act 2.0 takes effect, it will be important for individuals to understand how these changes may impact their own retirement plans.

Stay tuned for more updates on the SECURE Act 2.0 and how it may affect your retirement savings.