Statements on Introduced Bills and Joint Resolutions
Floor Speech
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Mr. DAINES. Mr. President, today Senator Warren and I have joined together to introduce the Retirement Savings Lost and Found Act. This important piece of legislation is critical to addressing key issues that exist in the regulatory framework for retirement plans.
Montanans are conservative folks who know the value of a hard-earned dollar. With the poor economic recovery and slow wage growth, working Montanans cannot afford to have money withheld from their paychecks and placed into retirement accounts, only to lose track of those accounts or have their retirement plans decline over time due to limitations placed on investment options. Now more than ever, our country needs the best laws to usher everyday Americans into a sound retirement.
Working Americans are losing hard-earned dollars up until the time when they need it most--their retirement. When an employee leaves a job, it is often hard for them to keep track of their retirement accounts during these transitional times. Our bill is a commonsense approach that will empower individuals to take control of their retirement futures. The Retirement Savings Lost and Found Act will allow Montanans to be that much more prepared to spend their golden years well with friends and family by providing a means to locate lost retirement accounts and allow better investment options to ensure those investments grow rather than erode over time.
I appreciate the work of Senator Warren on completion of this important bill. Together, we can help individuals make the most of their retirement options by providing sound policy that has the potential to save billions over the years for those among us who need it most ______
By Mrs. FEINSTEIN:
S. 3080. A bill to direct the Secretary of the Interior to convey certain public lands in San Bernardino County, California, to the San Bernardino Valley Water Conservation District, and to accept in return certain exchanged non-public lands, and for other purposes; to the Committee on Energy and Natural Resources.
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