WASHINGTON, DC—Ways and Means Committee Ranking Member Richard E. Neal (D-MA) released the following statement after President Trump signed an executive order to expand access to retirement plans, made possible by the SECURE 2.0 Act:
“Millions of American workers still lack the benefit of employer-sponsored retirement plans to get a fair shot at a retirement. As Chairman of the Ways and Means Committee, I wrote and guided SECURE 2.0 into law, making saving easier, and now, that legacy is driving today’s executive order. Because of our Saver’s Match, low- and moderate-income Americans will have the opportunity to receive up to $1,000 in matching contributions from the federal government.
“Our bipartisan work is going to give a leg up to millions of Americans, but it can’t end here. Governing by executive order doesn’t produce the durable, sustaining results that the people deserve, and the Trump Administration’s habit of rolling out flashy, Trump-branded websites one week and forgetting to follow with any substance the next is another reason why Congress must take the lead here. The most serious path forward to protect and expand savings opportunities for workers is my automatic IRA bill. It’s a proven pathway and advancing it legislatively ensures lasting help to those who need it most.”
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