Political Quotes

“Madam Speaker, I yield myself such time as I may consume. Madam Speaker, H.R. 2954 will help all Americans successfully save for a secure retirement by expanding coverage and increasing retirement savings, simplifying the current retirement system and protecting Americans' retirement accounts. Retirement security has consistently been one of my top priorities as chairman of the Committee on Ways and Means. Too many workers in this Nation reach retirement age without having the savings they need. In fact--and I hope people will listen to this number--it is estimated that up to 50 percent of the individuals in America who go to work every single day do not have enrollment in a qualified retirement plan. That means those households are at risk of not having enough to maintain their living standards in retirement. We need to do more to encourage workers to begin planning for retirement earlier and we need to make saving considerably easier. Last Congress, Mr. Brady and I worked together on a bipartisan basis to do that by enacting the SECURE Act, one of the most significant retirement bills to become law in well over a decade. Thanks to the SECURE Act, 4 million more Americans are now able to save for retirement through their employers, and as many as 700,000 new retirement accounts will be formed. Last year, we built on this progress with the passage into law, my legislation, the Butch Lewis Act.…”