Political Quotes

“Madam Speaker, I move to suspend the rules and pass the bill (H.R. 2954) to increase retirement savings, simplify and clarify retirement plan rules, and for other purposes, as amended. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 2954 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``Securing a Strong Retirement Act of 2022''. (b) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. TITLE I--EXPANDING COVERAGE AND INCREASING RETIREMENT SAVINGS Sec. 101. Expanding automatic enrollment in retirement plans. Sec. 102. Modification of credit for small employer pension plan startup costs. Sec. 103. Promotion of Saver's Credit. Sec. 104. Enhancement of Saver's Credit. Sec. 105. Enhancement of 403(b) plans. Sec. 106. Increase in age for required beginning date for mandatory distributions. Sec. 107. Indexing IRA catch-up limit. Sec. 108. Higher catch-up limit to apply at age 62, 63, and 64. Sec. 109. Pooled employer plans modification. Sec. 110. Multiple employer 403(b) plans. Sec. 111. Treatment of student loan payments as elective deferrals for purposes of matching contributions. Sec. 112. Application of credit for small employer pension plan startup costs to employers which join an existing plan. Sec. 113.…”