A House Ways and Means staffer who asked for anonymity said conferencing meetings are slated to begin in July, but that conversations are already “well under way.”
Instead of a formal committee handling conferencing, “the Senate Finance and Health Committees and House Ways and Means, Education and Labor Committees members and staff are going to be talking about how to work out the differences and overlapping provisions in the bills,” Richman said.
Richman said the IRI is also lobbying to try to get legislation introduced in the House into the package, which would direct the U.S. Department of Labor to allow ERISA plans to use annuity products as qualified default investment alternatives. So far, the provision has not been included in the SECURE package, “but we’re working on it,” he said.