Political Quotes

“I thank Ranking Member Brady for yielding. I am so used to calling him chairman, but I look across the aisle to my great friend Richard Neal, who is chairman right now, and I thank him so much for bringing this up today. Madam Speaker, I enter into the Record a letter in support of the SECURE Act from AARP. AARP, May 22, 2019. Dear Representative: On behalf of our nearly 38 million members and all older Americans, AARP supports the Setting Every Community Up for Retirement Act of 2019 (SECURE Act). The SECURE Act contains a number of provisions that will improve both access and levels of coverage in employer- sponsored retirement savings plans. The legislation would enhance tax credits for employers that offer retirement plans with automatic enrollment and encourage more adequate deferral amounts. The legislation would also make it easier for small businesses to offer employees an automatic savings option through a multiple employer pension plan--a single plan in which a pooled provider assumes the primary fiduciary duties, making it easier for smaller employers to join together to offer a retirement plan to their workers. Another important component of the SECURE Act is the expansion of access to retirement savings plans for part-time workers. There are more than 27 million part-time workers in the U.S., including more than seven million Americans age 55 and older.…”