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Statement in Support of H.R. 1994, the SECURE Act

When only 39% of Americans have enough savings to cover an emergency costing $1,000, and when 67% of Americans say that they’ll outlive their retirement savings, Congress must act.

I join with over a dozen retirement and non-profit organizations to whole-heartedly support the SECURE Act because it makes long-overdue changes to help workers save for retirement.

  • This bill makes it easier for small businesses to offer retirement plans.
  • It gives retirement benefit opportunities to home health care workers, more than half of whom are women of color working for extremely little pay.
  • It allows long-time, part-time workers to participate in 401(k) plans – which will help millions of women who disproportionately work part-time.
  • It creates a small-employer auto-enrollment credit to make it easier for workers to participate in 401(k) plans and to grow the savings they need for retirement.

These are incredibly important improvements.

I am grateful that the bill repeals the harmful “kiddie tax” and Gold Star Family tax increases caused by the Republican Tax Law and I strongly support the SECURE Act, and I urge my colleagues to support it as well.

  • Office Locations

    Office Name Location Image Map URL
    Washington DC 2159 Rayburn House Office Building
    Washington, DC 20515
    p. (202) 225-5006
    f. (202) 225-5641
    https://goo.gl/maps/69TjH
    Chicago Office 2815 W. Fifth Avenue
    Chicago, Illinois 60612
    p. (773) 533-7520
    f. (773) 533-7530
    https://goo.gl/maps/24smXeMjD2D2
           
           
           
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    repName Danny K. Davis  
    helpWithFedAgencyAddress Chicago District Office
    2813-15 W. Fifth Avenue
    Chicago, Illinois 60612
     
    district 7th District of Illinois  
    academyUSCitizenDate July 1, 2017  
    academyAgeDate July 1, 2017  
    academyApplicationDueDate October 20, 2017  
    repStateABBR Il  
    repDistrict 7  
    repState Illinois  
    repDistrictText 7th  
    repPhoto  
    SponsoredBills Sponsored Bills  
    CoSponsoredBills Co-Sponsored Bills