"The concern is, how do we actually incentivize that when the most recent survey from a couple of years ago said that 4 in 10 Americans could not even come up with $400 if they had to at the last minute?"
"We do not want this to be a bank account. We want it to be a retirement savings account."
"It is long past time to crack down on the mega-IRAs."
"It is very important that emergency savings issues get addressed, since the lack of emergency savings is a significant barrier preventing Americans from setting aside long-term savings for a more comf..."
"The ARA supports proposals--like Senator Lankford's and Senator Bennet's Enhancing Emergency and Retirement Savings Act (S. 1870, 117th Congress)..."
"We support the Enhancing Emergency and Retirement Savings Act of 2021 introduced by Senators Jim Lankford and Michael Bennet."
"As I mentioned, ERIC member companies are in the forefront of benefit and plan design."
"These rules essentially penalize Americans for routine job changes in a modern economy."
"the Senate passed the Child Tax Credit, which a number of people on this committee, particularly Senator Bennet and Senator Wyden, had worked on with us"
"That is my view of a savings win-win, and it is long overdue."
"Then last month, Senator Bennet and I introduced the Enhancing Emergency and Retirement Savings Act of 2021."