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ARTICLE · 13 JANUARY 2023

Year-End Spending Package Tackles Retirement Planning, Conservation Easements

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Recently, the year-end spending "omnibus" package was signed into law by President Biden. It includes two important new laws that could affect your financial planning: The Setting Every Community...

United StatesEmployment and HR
Robert Swenson
Robert Swenson
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Recently, the year-end spending "omnibus" package was signed into law by President Biden. It includes two important new laws that could affect your financial planning: The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, also known as SECURE 2.0, and the Conservation Easement Program Integrity Act.

BOLSTERING RETIREMENT SAVINGS

The original SECURE Act, enacted in 2019, was a significant bipartisan law related to retirement savings. In the spring of 2022, with an eye toward building on the reforms in that law, the U.S. House of Representatives passed the Securing a Strong Retirement Act. Despite strong bipartisan support, the bill stalled. Then, the U.S. Senate introduced its own retirement legislation, dubbed the Enhancing American Retirement Now Act.

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