Helping Families Achieve Lifetime Financial Security

Floor Speech

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Mr. HORSFORD. Madam Speaker, I rise today to join my colleagues in support of the SECURE Act, a bill that gets to the heart of our retirement income crisis.

Unfortunately, too many of my constituents are in danger of not having enough money to put away for retirement. In fact, 86 percent of Nevadans do not feel financially prepared for retirement, and most older Nevadans wished they had saved more money.

Fortunately, the SECURE Act will make it easier for Nevadans to save for their retirement. It makes it easier for small businesses to offer retirement plans to their employees, allows part-time workers to participate in 401(k) plans, and provides relief to pension plans, ranging from rural co-ops to organizations like the Jewish Federation of America.

I am also proud to share that this legislation includes my bill, H.R. 2806, which fixes a provision in the flawed Republican tax plan that raised the tax rate for scholarship and fellowship students up to 37 percent.

As a member of the Ways and Means Committee, I would like to thank Chairman Neal for his leadership in getting this bipartisan bill passed unanimously through our committee.

The SECURE Act will help families achieve lifetime financial security, a core of the American Dream. I urge every Member of this body to support its passage.

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