Trump signs the SECURE act News
© WikiMedia (White House)
Trump signs the SECURE act

On Friday President Trump signed the SECURE Act into law. This changes the landscape of retirement by making it easier for small businesses to offer retirement plans for their employees. It also raises the minimum age of fund distribution for retirement to 72.

The Act also makes it easier for new parents to remove funds for the birth or adoption of a child since it allows the money to be taken tax-free in these cases.

A final major provision makes it easier to provide retirement funds for long term part-time employees.

THIS DAY @ LAW

Dreyfus convicted of treason

On December 22, 1894, Jewish French army officer Alfred Dreyfus was convicted of treason in a court-martial trial that prompted worldwide allegations of anti-Semitism. Dreyfus was later cleared. Learn more about the case of Alfred Dreyfus and read an English translation of the famous public letter J'Accuse...! by novelist and Dreyfus partisan Emile Zola.

US passed Embargo Act, banning foreign trade

On December 22, 1807, the Embargo Act was passed at the urging of US President Thomas Jefferson. The act barred trade with any foreign nations in an effort to avoid American entry into the Napoleonic Wars of Europe. However, the act proved unenforceable and was replaced with the Non-Intercourse Act, which barred trade with France and Great Britain. Learn more about the Embargo Act of 1807 from Monticello.org