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Urge Lawmakers to Oppose Requiring Employer-sponsored Retirement Plans
The House Ways and Means Committee began a multiday markup of key elements of Democrats' $3.5 trillion spending package. The Ways and Means Committee is one of several House panels that will be considering portions of the reconciliation spending package. House Leadership is aiming for all committees to finish their markups by Sept. 15.

The Committee—advanced by a vote of 22-20—a provision of the spending bill focused on retirement savings. The section mandates that certain employers that don't sponsor retirement plans automatically enroll their workers in individual retirement accounts (IRAs) or 401(k)-type plans. The provision would apply a tax penalty to employers with more than five employees who do not automatically enroll in a retirement plan unless the workers opt out.

Please take a few minutes today to urge your representative to oppose this provision in the budget reconciliation bill. 

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