WASHINGTON, DC – The American Council for Capital Formation today applauded the re-introduction of bipartisan legislation introduced by Ways and Means Committee Chairman Richard E. Neal (D-MA) and lead 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 2021 is a bipartisan bill to help a greater number of Americans successfully save for a secure retirement.
“ACCF commends the continuing bipartisan efforts of Chairman Neil and lead Republican Brady to update retirement legislation to help Americans save for their nest eggs, which is especially critical after the devastating effects of the Covid-19 pandemic on household budgets. Whether it is special provisions that increase tax incentives for low-and-middle income individuals saving for their retirement, employer retirement match for individuals paying their student loans, increased catch up contribution limits or increased required minimum distribution age, all point to a well thought out and comprehensive list of policies that could mobilize much needed retirement saving at every stage of working life. This bipartisan bill is another great step to adjust and improve the retirement landscape with changing economic realities.” – ACCF Executive Vice President and Chief Economist Dr. Pinar Çebi Wilber
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.