Skip to Content

Press Releases

Neal Praises House Passage of Landmark Retirement Legislation, the SECURE Act

Today, Ways and Means Committee Chairman Richard E. Neal (D-MA) released the following statement after the U.S. House of Representatives passed H.R. 1994, the Setting Every Community Up for Retirement Enhancement (SECURE) Act:

“With passage of this bill, the House made significant progress in fixing our nation’s retirement crisis and helping workers of all ages save for their futures. The SECURE Act is a bipartisan success, filled with commonsense proposals authored by members from both sides of the aisle. The legislation closes loopholes and makes it easier for small business employees, home care workers, and long-term part-time workers to save for retirement. I’m also proud that we were able to incorporate a much-needed fix to reverse unfair and unexpected high taxes on Gold Star families, low-income scholarship recipients, and children of fallen first responders, among others. I encourage the Senate to follow our lead and swiftly pass this important bill that goes a long way in helping American families prepare for a financially secure retirement.”