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Relief and Economic Security Act

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The Coronavirus Aid, Relief, and Economic Security Act (the “Act”) was passed by the US House of Representatives by a voice vote today after being passed by the US Senate on Wednesday. The bill now heads to the White House, where President Trump is expected to sign it very soon.  Below are some key retirement plan features of the Act: Coronavirus-Related Distributions. The Act would allow participants in eligible retirement plans to take distributions in 2020 of…