Bill That Could Boost Lifetime Annuity Use Sails Through House
April 5, 2022 by Allison Bell
H.R. 2954 — a bill that includes major lifetime income annuity rule changes — raced through the House of Representatives on Tuesday.
House members approved the Securing a Strong Retirement Act, also known as the Secure Act 2.0, by a 414-5 vote.
Supporters have described the bill as a sequel to the Setting Every Community Up for Retirement Enhancement Act, which became law in 2020.
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Originally Posted at ThinkAdvisor on March 30, 2022 by Allison Bell.
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