Ron Estes: “Today I rise in support of SECURE 2.0. Since my time as Kansas State Treasurer and a member of the Ways and Means…”

“Today I rise in support of SECURE 2.0. Since my time as Kansas State Treasurer and a member of the Ways and Means Committee, increased retirement security for Americans of all ages has been a major policy priority for me. Building on our great success with the SECURE Act in 2019, SECURE 2.0 includes a number of provisions for new employees and near-retirees, like my bill to improve the required minimum distribution rules, and my bill that would make it easier for employees to save for retirement and pay off their student loans. Employers who are part of an employee stock ownership plan--like the Kansas workers I have talked to at Inland Truck Parts, Conco, and others--benefit from the bipartisan ESOP provisions in SECURE 2.0. The bill also ensures public-sector and nonprofit retirement programs have the same access to low-cost retirements, just like for-profit retirement plans. It allows individuals who have decided to pay down a student loan instead of contributing to a 401(k) to still receive an employee match for their retirement plans. These commonsense retirement security reforms deserve to be law, and I strongly encourage my colleagues to vote ``yes'' on SECURE 2.0. {time} 1630”