---
title: Legislative Update:  House Passes SECURE Act 2.0
description: The House passed the SECURE 2.0 Act. What retirement plan provisions could be affected by this Act?
image: https://blog.multnomahgroup.com/hubfs/DC_Capitol_Social.png
---

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# Legislative Update:  House Passes SECURE Act 2.0

April 4, 2022

The House of Representatives overwhelmingly passed the Securing a Strong Retirement Act of 2022 on a 414-5 vote. The Act is referred to as SECURE 2.0 as many provisions build on, or further define, provisions passed in the SECURE Act from 2019. The Senate has pending retirement legislation that mirrors several aspects of the Securing a Strong Retirement Act with many similar provisions. If the Senate version passes, a compromise piece of legislation will likely be prepared and re-introduced to both the House and the Senate.

If passed, the following retirement plan provisions would likely be affected:

- Required Minimum Distribution Rules
- Mandatory employee contributions for newly established plans
- Catch-up contributions only allowed as after-tax Roth contributions
- Increased catch-up contribution amounts for individuals aged 62-64
- Allowing employer contributions to be made as after-tax contributions
- Providing employer matching contributions on an employee’s student loan payments

Multnomah Group will continue to monitor the legislation and provide updates as the legislation progresses. Additional information on the provisions of SECURE 2.0 can be found in [Erik Daley’s Fiduciary Focus video](https://youtu.be/e7nMtNIWimg) and in the [legislative update section of Multnomah Groups’ annual regulatory update.](https://blog.multnomahgroup.com/hubfs/PDF_Files/Guides/2021%20Regulatory%20Update.pdf)

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Multnomah Group is a registered investment adviser, registered with the Securities and Exchange Commission. Any information contained herein or on Multnomah Group’s website is provided for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.   Investments involve risk and, unless otherwise stated, are not guaranteed.  Multnomah Group does not provide legal or tax advice.  Any views expressed herein are those of the author(s) and not necessarily those of Multnomah Group or Multnomah Group’s clients.

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