Sen. Rob Portman, R-Ohio. (Photo: Diego M. Radzinschi/ALM)
Senators are attempting to get the Setting Every Community Up for Retirement Enhancement (Secure) Act attached to other legislation, like a "minibus" or "omnibus" spending bill, to ensure passage by year-end, according to Charlie Bolton, an aide to Sen. Rob Portman, R-Ohio.
"Hopefully by the end of the year Senator Portman would like to see the [Secure] legislation become law," Bolton said at the American Society of Pension Professionals and Actuaries annual conference in National Harbor, Maryland, just outside Washington.
"This is common-sense legislation that needs to get done now," he said. "It's urgent; it's important."
The aide explained that the Secure Act has not been able to pass "by unanimous consent because there's a couple of holds in the Senate." He added: "There are a lot of ideas we have to sort of break through the logjam."
To be "honest," he told attendees, "we're a little bit stuck right now, and that's why it's so important that you're here."
