Education and Labor Committee Republican Leader Virginia Foxx (R-NC) spoke on the House Floor today in support of the Securing a Strong Retirement Act of 2022 (H.R. 2954), which includes the bipartisan Retirement Improvement and Savings Enhancement (RISE) Act (H.R. 5891), a bill led by Foxx and Chairman Scott (D-VA).
Republican Leader Foxx’s Remarks:
“H.R. 2954 includes the text of the RISE Act, a bill that I am proud to lead with Chairman Scott of the Education and Labor Committee.
“This bill was borne out of true bipartisan collaboration, and I am pleased at the progress we have made with our colleagues across the aisle.
“Hardworking Americans deserve the opportunity to save for a secure future, yet too many workers aren’t putting anything towards their retirement nest egg.
“By removing the red tape tying up job creators and providing incentives for workers to save more, this legislation will strengthen and modernize America’s retirement system, so our nation’s workers, retirees, and employers are better served.
“It truly is a much-needed step in the right direction.
“Practical solutions like the RISE Act and H.R. 2954 are a win for job creators, workers, and our nation’s economic future.”
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