Tim Walberg: “I include in the Record a letter, undersigned, representing thousands of businesses, individual employees, and retirees…”

“I include in the Record a letter, undersigned, representing thousands of businesses, individual employees, and retirees from almost two dozen specific groups in support of H.J. Res. 66. February 13, 2017. To the Members of the United States Congress: The undersigned organizations, representing thousands of businesses, express our support for H.J. Res. 66 and H.J. Res. 67, resolutions of disapproval under the Congressional Review Act (``CRA'') to invalidate the Department of Labor's (``DOL'') ``safe harbor'' regulations on Savings Arrangements Established by State and Political Subdivisions for Non- Governmental Employees. These ``safe harbor'' regulations allow states and cities to mandate private employer participation in state-sponsored automatic IRA programs. It also provides that states that offer these programs are not subject to ERISA despite considerable opinions to the contrary. Thus the DOL is encouraging state and local governments to provide private sector employees retirement programs that do not have the same high-level protections as other private employer- sponsored plans. Below we highlight a number of our concerns with the ``safe harbor.'' Lost worker protections--States offering these plans to private sector employees are not subject to ERISA, therefore limiting the protections for workers in these plans.…”