Of course, the industry and Washington, D.C.-based trade associations are also hard at work lobbying to get the package over the finish line. IRI is part of a coalition of 60 financial services companies and associations that sent congressional leaders a letter asking them to “take quick action” to pass SECURE 2.0 before the current Congress convenes one final time in December.
Executives of the coalition, which includes Fidelity, the Financial Services Institute, LPL Financial, SIFMA and Wells Fargo, are hoping their unified request to House and Senate leaders will encourage lawmakers to pass the bipartisan legislation before a new (and much more divided) Congress convenes in January.
“We encourage Congress to include SECURE 2.0 in its year-end legislation package, and we are hopeful that they will do so,” said David Bellaire, FSI’s executive vice president and general counsel.
Throughout the year, FSI held roundtables with key lawmakers so members could express their support for SECURE 2.0. In addition and FSI members also sent letters in support of SECURE 2.0, spokeswoman Allison Kuehner Mutschler said.