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H.R. 2954: Securing a Strong Retirement Act of 2021

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To increase retirement savings, simplify and clarify retirement plan rules, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Richard Neal

Sponsor. Representative for Massachusetts's 1st congressional district. Democrat.

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Last Updated: May 4, 2021
Length: 146 pages
Introduced
May 4, 2021
117th Congress (2021–2023)
Status

Ordered Reported on May 5, 2021

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on May 5, 2021.

Other activity may have occurred on another bill with identical or similar provisions.

Cosponsors

83 Cosponsors (44 Democrats, 39 Republicans)

Prognosis
4% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

Chairman Neal Opening Statement at Committee Markup of Views and Estimates Letter and Bill to Strengthen Retirement Security
    — Rep. Richard Neal [D-MA1] (Sponsor) on May 5, 2021

Rep. Sewell Introduces Legislation Reducing Barriers for Part-Time Employees to Begin Saving for Retirement
    — Rep. Terri Sewell [D-AL7] (Co-sponsor) on May 7, 2021

Ways and Means Committee passes bipartisan legislation to help Americans achieve financial security in retirement
    — Rep. Mike Kelly [R-PA16] (Co-sponsor) on May 5, 2021

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates H.R. 2954 will add $70 million in new spending through 2026.

History

May 4, 2021
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

May 5, 2021
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

If this bill has further action, the following steps may occur next:
 
Passed House

 
Passed Senate

 
Signed by the President

H.R. 2954 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 2954. This is the one from the 117th Congress.

How to cite this information.

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“H.R. 2954 — 117th Congress: Securing a Strong Retirement Act of 2021.” www.GovTrack.us. 2021. December 4, 2021 <https://www.govtrack.us/congress/bills/117/hr2954>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.