As the Retirement Savings and Security Act of 2000 draws closer to becoming law, banks and other financial institutions are looking forward to the investment incentives it will likely provide to their customers. The legislation is up for a Senate vote this week.

What the banks are most excited about is the possibility that the law will enable retirement investors to save at higher levels than are currently permitted. Specifically, banks see the increased savings levels the bill will allow as an opportunity to reintroduce depositors to their 401(k) plan and IRA offerings.

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