The leading tax writers in the House introduced legislation Tuesday that would require that workers are automatically enrolled in retirement investment plans offered by their employers.
Enactment would be a boon to the industry.
The bill, the Securing a Strong Retirement Act, was introduced by House Ways and Means Chairman Richard Neal, a Democrat from Massachusetts, and the top Republican on the tax-writing committee, Rep. Kevin Brady of Texas, to boost the number of workers with retirement accounts.
The bill will "enable more workers to begin saving earlier — and saving more — for their futures," said Neal.
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