Political Quotes

“I thank the chairman for bringing this important legislation to the floor. I rise in strong support of H.R. 88, a comprehensive package that in many ways will help millions of American families save more of their own money for their future. Among H.R. 88's many important features is a section that includes key elements of three retirement savings bills that I have been proud to introduce and champion over the last 2 years. One of those bills, the Family Savings Act, stood as one of the three main pillars of Tax Reform 2.0, which passed this House with bipartisan support in September. With H.R. 88, much of that bill, along with my bipartisan Retirement Enhancement and Savings Act and bipartisan Rightsizing Pension Premiums Act, is one giant step closer to becoming law. In short, this package is a wonderful gift at Christmas for all Americans, and it cannot come soon enough. Americans should be able to rely on three main sources of retirement income to ensure full financial security during their retirement years: first, Social Security; second, personal savings; and third, employer- sponsored savings plans. Now, when it comes to that third source, an alarming number of Americans do not have access to an employer-sponsored 401(k) plan. Among those who do, a recent study found that 42 percent of them have less than $10,000 in their plan.…”