Washington may soon change how you save for retirement

The 116th Congress will not be known for lack of tumult, but one issue has been moving methodically – and under the radar – towards becoming law. Lawmakers and observers are voicing optimism that closely linked private retirement reform bills, one from the House Ways and Means Committee, and one from the Senate Finance Committee, will soon be merged and sent to President Trump’s desk.

At a recent Senate hearing, Finance Chairman Chuck Grassley voiced optimism that the House would send its bill “over to us at some point this month.”

If passed, it would be the first major retirement legislation since 2006. Richard Neal, chairman of the House Ways and Means Committee, noted that the bill “represents a major bipartisan accomplishment” when it was passed out of his committee.

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