On December 20, 2019, President Trump signed into law H.R. 1865, Further Consolidated Appropriations
Act, 2020. Among its various provisions, H.R. 1865 includes the
Setting Every Community Up for Retirement Enhancement Act of 2019
(SECURE Act) as Division O. The SECURE Act represents one of the
most significant reforms in the retirement savings space since the
Pension Protection Act of 2006 and is likely to improve outcomes
for American employers, workers and retirees.
This alert first provides an overview of the key changes to US
retirement savings policy that the SECURE Act will bring about, and
then discusses expected next steps in terms of regulatory
implementation and possible additional legislative reforms.
