WASHINGTON, DC – The American Council for Capital Formation today applauded introduction of bipartisan legislation introduced by Ways and Means Committee Chairman Richard E. Neal (D-MA) and Ranking Republican on the House Ways and Means Committee Kevin Brady (R-TX) to help strengthen U.S. retirement security. The Securing a Strong Retirement Act of 2020 is a bipartisan bill to help a greater number of Americans successfully save for a secure retirement. The bill builds on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 to further improve workers’ long-term financial wellbeing.
“The challenges that have long faced retirement security have been further compounded by the economic and markets shocks of the COVID-19 pandemic,” said ACCF President and CEO Mark Bloomfield. “Following on the success of the SECURE Act to modernize our retirement system, Chairman Neal and Ranking Member Brady are proof that bipartisanship is alive and well and can still tackle some of our country’s biggest issues. The Brady-Neal retirement bill comes at a critical time and we look forward to supporting deliberation of this important legislation.”
The American Council for Capital Formation is a nonprofit, nonpartisan economic policy organization dedicated to the advocacy of an improved regulatory process, innovation in energy policy, dynamic free trade, an efficient infrastructure policy, a modern corporate governance process, pro-growth tax policy and a robust retirement system.