May 23, 2019 - Issue: Vol. 165, No. 87 — Daily Edition116th Congress (2019 - 2020) - 1st Session

[Page H4124]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          HELPING FAMILIES ACHIEVE LIFETIME FINANCIAL SECURITY

  (Mr. HORSFORD asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  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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