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house Bill H.R. 1994

Should Congress Make Bipartisan Reforms to 401(k) Plans & IRAs to Help Americans Save for Retirement?

Argument in favor

This bipartisan bill would make a number of common sense reforms to make it easier for workers and small businesses to save for retirement and improve enforcement of rules related to retirement plans.

Linda's Opinion
···
05/19/2019
You can never save enough if you are a middle/low wage earner. You never have enough to save.
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doingmypart's Opinion
···
05/23/2019
Plus pay the 2.6 trillion back to Social Security that was stollen.
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Kodiwodi's Opinion
···
05/23/2019
I have no objection to the bill but feel it will do the elderly and disabled, the bulk of those retiring in the near future if ever, little to no good. It would be best for them to work on shoring up Social Security and improving healthcare in this country.
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Argument opposed

There’s no need to reform laws and regulations related to retirement plans, even on a bipartisan basis. Alternatively, this bill should include more substantial reforms.

Mart's Opinion
···
05/19/2019
These are bogus savings methods. You save some of your check, you pay to invest, the admin makes millions with your money, you earn little, usually much less than COLA. And then you get punished for using and not using!
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JTJ's Opinion
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05/23/2019
No, congress has proven they know nothing about saving or fiscal responsibility. Want to help people save, balance the damn budget, cut spending and taxes.
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RAN's Opinion
···
05/23/2019
I don’t trust government as far as I can throw any of you. Just leave things alone all you do is screw $hit up. All government is, is one big fk up.
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bill Progress

  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house Passed May 23rd, 2019
    Roll Call Vote 417 Yea / 3 Nay
      house Committees
      Committee on Education and Labor
      Committee on Ways and Means
    IntroducedMarch 29th, 2019
Log in or create an account to see how your Reps voted!

Bill Activity

  • Floor
    The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1994.
  • Floor
    Motion to reconsider laid on the table Agreed to without objection.
  • Floor
    On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 231).
  • Floor
    On motion to recommit with instructions Failed by recorded vote: 200 - 222 (Roll no. 230).
  • Floor
    The previous question on the motion to recommit with instructions was ordered without objection.
  • Floor
    DEBATE - The House proceeded with 10 minutes of debate on the McHenry motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add a new section at the end of title IV entitled 'Reports by Taxpayers Engaged in Boycotts Etc. Affecting Israel'
  • Floor
    Mr. McHenry moved to recommit with instructions to the Committee on Ways and Means.
  • Floor
    Considered as unfinished business.
  • Floor
    POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule 19, the Chair postponed further proceedings on H.R. 1994.
  • Floor
    The previous question was ordered pursuant to the rule.
  • Floor
    DEBATE - The House proceeded with one hour of debate on H.R. 1994.
  • Floor
    Rule provides for consideration of H.R. 1500 and H.R. 1994. The resolution provides for one hour of debate on H.R. 1500, under a structured rule, and provides for one hour of debate on H.R. 1994, under a closed rule. The resolution provides for proceedings during the period from May 24, 2019, through May 31, 2019, and provides for motions to suspend the rules on the legislative day of May 23, 2019.
  • Floor
    Considered under the provisions of rule H. Res. 389.
  • Floor
    On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 231). (text: CR H4124-4135)
  • Floor
    Mr. McHenry moved to recommit with instructions to the Committee on Ways and Means. (text: CR H4147)
  • Floor
    Considered as unfinished business. (consideration: CR H4146-4149)
  • Floor
    Considered under the provisions of rule H. Res. 389. (consideration: CR H4124-4146)
  • Floor
    Rule H. Res. 389 passed House.
  • Floor
    Rules Committee Resolution H. Res. 389 Reported to House. Rule provides for consideration of H.R. 1500 and H.R. 1994. The resolution provides for one hour of debate on H.R. 1500, under a structured rule, and provides for one hour of debate on H.R. 1994, under a closed rule. The resolution provides for proceedings during the period from May 24, 2019, through May 31, 2019, and provides for motions to suspend the rules on the legislative day of May 23, 2019.
  • Calendars
    Placed on the Union Calendar, Calendar No. 42.
  • Discharge
    Committee on Education and Labor discharged.
  • Committee
    Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-65, Part I.
  • Committee
    Ordered to be Reported by Voice Vote.
  • Committee
    Committee Consideration and Mark-up Session Held.
  • IntroReferral
    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

bill Progress

  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house Passed May 23rd, 2019
    Roll Call Vote 417 Yea / 3 Nay
      house Committees
      Committee on Education and Labor
      Committee on Ways and Means
    IntroducedMarch 29th, 2019
Log in or create an account to see how your Reps voted!
    Linda's Opinion In Favor
    ···
    05/19/2019
    You can never save enough if you are a middle/low wage earner. You never have enough to save.
    Like (38)
    Follow
    Share
    Mart's Opinion Against
    ···
    05/19/2019
    These are bogus savings methods. You save some of your check, you pay to invest, the admin makes millions with your money, you earn little, usually much less than COLA. And then you get punished for using and not using!
    Like (21)
    Follow
    Share
    doingmypart's Opinion In Favor
    ···
    05/23/2019
    Plus pay the 2.6 trillion back to Social Security that was stollen.
    Like (25)
    Follow
    Share
    Kodiwodi's Opinion In Favor
    ···
    05/23/2019
    I have no objection to the bill but feel it will do the elderly and disabled, the bulk of those retiring in the near future if ever, little to no good. It would be best for them to work on shoring up Social Security and improving healthcare in this country.
    Like (18)
    Follow
    Share
    Joseph's Opinion In Favor
    ···
    05/23/2019
    Sure, why not. Especially if the changes stop corporations from using the funds from, or bankrupting a person’s/employee’s retirement savings account.
    Like (14)
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    John.C's Opinion In Favor
    ···
    05/23/2019
    Better to strengthen labor unions and bring back pensions, but it's a start.
    Like (13)
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    JTJ's Opinion Against
    ···
    05/23/2019
    No, congress has proven they know nothing about saving or fiscal responsibility. Want to help people save, balance the damn budget, cut spending and taxes.
    Like (13)
    Follow
    Share
    RAN's Opinion Against
    ···
    05/23/2019
    I don’t trust government as far as I can throw any of you. Just leave things alone all you do is screw $hit up. All government is, is one big fk up.
    Like (12)
    Follow
    Share
    Sharon's Opinion In Favor
    ···
    05/23/2019
    IRAs were not, in their original form, intended to replace pensions. They were intended to supplement. Corporations saw an opportunity and took it. Congress allowed it and then allowed unions to be attacked and broken. Congress allowed companies to bankrupt out of pension obligations. A corrupt banking system caused the Great Recession which caused people to lose whom and retirement savings. Congress did little, virtually no one was held accountable, and then what little Congress did was rolled back under Republican control of both houses, leaving Americans once again at risk for losing what they had worked hard to gather. The American worker has seen security, savings, property, and the one tool (unions) that, corrupt as they sometimes were, stood between workers and corporate greed. Anything that protects Americans from that greed, I support. That includes strengthening and protecting unions and collective bargaining rights so the legislatures of states, most of which are controlled by corporate-friendly Republicans, can’t harm them and protecting IRAs and homesteads. In fact, considering income inequality and corporate abuses of employees that result in personal life intrusion and excessive work hours, I think new unions for white collar workers should be formed.
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    I.Got.an.Idea...'s Opinion In Favor
    ···
    05/23/2019
    Yes, something obviously needs to be changed if the current model is not functioning the way it was intended. If we can address the root cause of becoming broke and destitute during retirement, then individuals health will increase and many other benefits will result and we can focus on other issues in our societies.
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    Maryjane's Opinion In Favor
    ···
    05/23/2019
    Yes, Clearly Americans need help with retirement plans & savings. Impeach Trump= making the World a Better place.
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    Dave's Opinion In Favor
    ···
    05/23/2019
    Most of the provisions sound reasonable and should benefit those saving for retirement and those already or about to start drawing from it. Although I don’t understand how the emergency volunteers and sharing information with CBP belong in this bill, these points seem off topic.
    Like (8)
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    Marylynn's Opinion Against
    ···
    05/23/2019
    I don't think it's a good idea to get our lawmakers involved in Americans 401K's or IRA's. The government hasn't done a very good job of managing our tax dollars, so why would I want them trying to help me save??? I fear they'd rob Peter to pay Paul... You know like they did when the stole money from Social Security and haven't paid it back!!!
    Like (7)
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    Kim's Opinion In Favor
    ···
    05/23/2019
    I like the changes. We are starting a small business and this would help us
    Like (6)
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    NoHedges's Opinion In Favor
    ···
    05/23/2019
    Yes, but this will not matter to voters making less than $25.00 per hour. Proof of a sustainable, livable wage, along with maintaining the current dependent tax deduction is what voters will see evidence of. It won’t matter to blue wave voters if Trump vetos it, because we know Trump doesn’t care about anything other than himself. However, Dems will need to have evidence of doing something in the 2018 cycle to help lower and middle class workers between the ages of 25-50 if they want to win the next 2 election cycles.
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    Lionman's Opinion In Favor
    ···
    05/23/2019
    How about we bring back actual pensions that are successful, so the 401(k) can go back to being the SUPPLEMENT it was intended to be?
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    Cherie65's Public Comment
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    05/23/2019
    The House reforming anything is kinda an oxymoron at this point.
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    Candace's Opinion In Favor
    ···
    05/19/2019
    Too many people can't save hardly anything for their retirement. Folks need HELP!!
    Like (5)
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    Jim2423's Opinion Against
    ···
    05/23/2019
    You need to stop taxing retirements especially IRAs, 401Ks. The investor takes all the risk and you tax it whether it gained or lost.
    Like (5)
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    SneakyPete's Opinion In Favor
    ···
    05/23/2019
    👍🏻👍🏻 House Bill H.R.1994 AKA the “SECURE Act” 👍🏻👍🏻 I support and recommend the passage the House bill H.R.1994 AKA the “SECURE Act” which would modify the requirements for employer-provided retirement plans including 401(k) plans, individual retirement accounts (IRAs), and other tax-favored savings accounts with the goal of expanding opportunities for Americans to contribute to their retirement. This bipartisan bill would make a number of common sense reforms to make it easier for workers and small businesses to save for retirement and improve enforcement of rules related to retirement plans. SneakyPete..... 5*22*19.....
    Like (5)
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