Finance, Ways and Means chairs and ranking members release discussion draft of Secure Act 2.0 technical corrections
Discussion draft of Secure Act 2.0 containing technical corrections and other clarifications
Discussion draft of Secure Act 2.0 containing technical corrections and clarifications
The chairmen and ranking members of the tax-writing committees of the U.S. Congress—along with the chairmen and ranking members of the House Committee on Education and the Workforce and the Senate Committee on Health, Education, Labor and Pensions—today released a discussion draft for public review and comment of legislation containing technical corrections and other clarifications with respect to the SECURE Act 2.0 (signed into law on December 29, 2022, as part of the “Consolidated Appropriations Act of 2023” (H.R. 2617)).
Read text [PDF 48 KB] of the discussion draft
The chairmen and ranking members of the tax-writing committees previously wrote a letter [PDF 194 KB] (May 23, 2023) to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel indicating that the four tax-writers intended to introduce bipartisan legislation to correct legislative language with respect to various provisions of the SECURE ACT 2.0. Read TaxNewsFlash
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.