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On December 20, 2022, “Division T - Secure 2.0 Act of 2022” was added to H.R. 2617 (Consolidated Appropriations Act, 2023), incorporating H.R. 2954 into the omnibus bill. The omnibus bill, including Division T, passed the Senate On December 22nd, passed the House on December 23rd, and signed into law by President Joe Biden on December 29, 2022.
The SECURE Act 2.0 also changes policies on catch-up limits concerning retirement plans (and indexes IRA catch-up limits to inflation beginning in 2023), student loan repayments and employer ...
The SECURE Act is estimated to cost $15.7 billion. It is primarily funded through a change to "stretch" IRAs. In the past, non-spouse beneficiaries who inherit IRAs could spread disbursements from the IRA over their lifetime. Under the SECURE Act, disbursements must be collected and taxed within 10 years of the original account holder's death. [8]
The Consolidated Appropriations Act, 2023 is a $1.7 trillion omnibus spending bill funding the U.S. federal government for the 2023 fiscal year. [ 1 ] [ 2 ] It includes funding for a range of domestic and foreign policy priorities, including support for Ukraine , defense spending, and aid for regions affected by natural disasters.
The Social Security Act was passed in 1935, [2] and the existing version of the Act, as amended, [3] encompasses several social welfare and social insurance programs. The average monthly Social Security benefit for September 2023 was $1,706. [4]
Courthouse Ethics and Transparency Act of 2021: To amend the Ethics in Government Act of 1978 to provide for a periodic transaction reporting requirement for Federal judicial officers and the online publication of financial disclosure reports of Federal judicial officers, and for other purposes. H.R. 5961: November 12, 2021 (No short title)
Passed the Senate as the Secure Equipment Act on October 28, 2021 Signed into law by President Joe Biden on November 1, 2021 The Secure Equipment Act of 2021 ( Pub.L.117-55 , H.R.3919, 135 Stat. 423) is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on November 11, 2021. [ 1 ]
Early on November 6, 2024, the day after the election, Trump was projected to have won Wisconsin (a flip from the previous presidential election), thereby receiving enough electoral votes to secure the presidency, becoming the president-elect of the United States.