Senate HELP Leaders Draft Retirement Savings Bill

Senate Health Education Labor & Pensions Committee Chair Patty Murray (D-WA) and Ranking Member Richard Burr (R-NC) released a discussion draft yesterday of legislation to boost retirement savings. The draft would allow employers to offer pension-linked emergency savings accounts and allow retirement plans used by nonprofit organizations to participate in multiple employer and pooled employer… Read more »

House Passes Bipartisan SECURE Act 2.0

The House overwhelmingly passed legislation Tuesday night to bolster retirement savings opportunities for workers, sending the bill on to the Senate. The legislation (H.R. 2954), called the “Securing a Strong Retirement Act of 2022” or “SECURE Act 2.0,” builds on the 2019 SECURE Act by further incentivizing Americans to save for their retirements. SECURE 2.0,… Read more »

SBA Extends Deferment for EIDL Loan Payments

The Small Business Administration (SBA) this week extended the deferment period for COVID-19 Economic Injury Disaster Loan (EIDL) borrowers to 30 months from when the loan was first approved. The EIDL program has provided nearly four million small businesses and nonprofit organizations more than $350 billion in emergency funding during the pandemic. EIDL loans can… Read more »