Congressman Kim Votes to Help More Americans Save for Retirement

WASHINGTON, DC – Today, the U.S. House voted to pass a bill co-sponsored by Congressman Andy Kim (NJ-03) which makes it easier for Americans to save for retirement.

“Every American deserves the peace of mind of a secure retirement, and this bill is an important step forward towards ensuring that for millions,” said Congressman Kim. “I’m proud to stand with my colleagues from both sides of the aisle to pass this legislation, and I’ll continue to work with people from both parties to strengthen retirement benefits for all Americans.”

H.R. 1994, the SECURE Act, is a bipartisan bill that makes it easier for Americans to save for retirement by empowering small businesses to offer retirement plans to employees, helping provide retirement benefits to home care workers and allowing part-time workers to participate in a 401(k) plan.

“This bill is a win-win for our small businesses and the millions they employ in our country,” said Kristi Howell, President and CEO of the Burlington County Regional Chamber of Commerce and Co-Chair of Congressman Kim’s Small Business Advisory Council. “Small business owners work every day to make payroll and invest in their businesses. This bill will make it more affordable for small business owners to set up retirement plans and help set up thousands of retirement plans.”

The bill also provides tax relief to Gold Star families who saw tax rates rise due to provisions in the tax bill passed during the previous Congress.

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