Kelly Introduces Landmark Retirement Security Bills, Bipartisan Support Signals Strong Likelihood of Passage

Mar 29, 2019

Washington, D.C. – On Friday, Congressman Mike Kelly (R-PA) introduced the Secure Act, a bipartisan bill to enhance the ability of Americans to save for their retirement. The bill was co-authored by Kelly, Ways and Means Committee Chairman Richard Neal (D-MA), Ranking Member Kevin Brady (R-TX), and Representative Ron Kind (D-WI).

Separately, Kelly and Kind introduced the Providing Retirement Security to Workers in Small Businesses, Cooperatives, and Service Organizations Act of 2019. This bill would allow multiple employer pension plans, which would help small business owners offer retirement plans to their employees, and would provide premium relief for rural co-ops and charities to dedicate more of their scare resources to their core missions.

I am proud to be a co-author of these bills that will help Americans achieve financial security in retirement, said Kelly. I am grateful to Chairman Neal, Ranking Member Brady, and Representative Kind for working with me to offer Americans more options to build wealth. Allowing workers to keep more of their hard-earned money and encouraging them to invest in their futures is a win-win for retirees and their families. As we plan to mark up the Secure Act next week in the Ways and Means Committee, I also urge Chairman Neal to consider marking up our multiple employer pensions legislation. Together, these measures will greatly enhance the ability of U.S. workers to financially plan for their golden years.

The Ways and Means Committee plans to mark up the Secure Act next week, clearing the way for its consideration by the whole House of Representatives. Kelly and Kind are encouraging the committee to also consider the second bill. This is a proud moment for Kelly, who authored many of these provisions during the 115th Congress as part of the Family Savings Act and the Retirement Enhancement and Savings Act. Retirement security has and will continue to be among his top policy priorities.

 

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