Chairman Crowley on Senate Vote Making It Harder for Working Americans to Save
(Washington, DC) - House Democratic Caucus Chairman Joe Crowley (D-NY) issued the following statement after the Senate, using the Congressional Review Act, made it harder for millions of working Americans to save for retirement:
“I’m disappointed Senate Republicans passed legislation today that would make it significantly harder for millions of Americans to save for retirement by overturning a policy that broke down the barriers for workers to save their own money, in their own accounts, for their own retirement.
“With one-third of American workers not saving for retirement and private-sector pensions dwindling, the retirement security picture in the U.S. is bleak. Today’s Senate vote makes it even worse.
“It is now up to President Trump to live up to his campaign promises and protect workers’ retirements by vetoing this misguided and politically motivated legislation. We should be doing everything in our power to give American workers the opportunity to save for retirement. I hope President Trump agrees.”