{"database": "press", "table": "releases", "rows": [["https://kelly.house.gov/press-release/house-passes-kelly-legislation-increase-retirement-savings-americans", "House Passes Kelly Legislation to  Increase Retirement Savings for Americans", "2018-12-20", "2018", "2018-12", "Republican", "House", "PA", "Mike Kelly", "K000376", "kelly.house.gov", null, null, "legacy", "Year-end tax relief package includes text of three retirement reform bills authored by Rep. Kelly \n A secure retirement for every American should not be a partisan issue \nWATCH HERE\nWASHINGTON  The U.S. House of Representatives this evening passed the Retirement, Savings, and Other Tax Relief Act of 2018 and the Taxpayer First Act of 2018 (also known as the House amendment to the Senate amendment to H.R. 88). The package includes major parts of legislation previously introduced by U.S. Representative Mike Kelly (R-PA)  founder and co-chairman of the House Retirement Security Caucus and a member of the House Ways and Means Committee  during the 115th Congress. These include the Family Savings Act of 2018 (H.R. 6757), the Retirement Enhancement and Savings Act of 2018 (H.R. 5282), and the Rightsizing Pension Premiums Act of 2017 (H.R. 3596).\nFloor statement by Rep. Kelly on H.R. 88 (as prepared for delivery):\nThank you, Mr. Speaker, for bringing this incredibly important legislation to the floor for consideration. I rise in strong support of H.R. 88, a comprehensive package that will, in many different ways, help millions of American families save more of their own money for their future.\nAmong H.R. 88's many features is a section that includes key elements of the three retirement reform bills that I have been proud to author, introduce, and champion over the last two years.\nOne of those bills  the Family Savings Act  stood as one of the three pillars of Tax Reform 2.0, which this House passed with bipartisan support in September. With the passage of H.R. 88, much of that bill  along with my bipartisan Retirement Enhancement and Savings Act and my bipartisan Rightsizing Pension Premiums Act  will be one giant step closer to becoming law.\nIn short, this package is a wonderful Christmas present for the American people that cannot come soon enough.\nAs we know, Americans should be able to rely on three main sources of income to ensure full financial security during their retirement years: #1. Social Security, #2. Personal savings, and #3. Employer-sponsored savings plans. When it comes to that third source, an alarming number of Americans do not have access to an employer-provided 401(k) plan. And among those who do, a recent study found that 42% of them have less than $10,000 in their plan. Combined with the fact that more than 60% of Americans don't have enough cash to cover a $1,000 emergency expense, the passage of today's package is especially critical.\nSpecifically, H.R. 88 will make it easier for small employers to pool together and offer retirement plans to their employees. This would help bridge the divide between the benefits that large employers might offer to their employees, and those that smaller employers only wish they could offer until now. Overall, this will help ensure that the next generation of Americans don't outlive their savings in retirement.\nOne of the things I remember so clearly from growing up is my parents saying to me and my siblings, We never want to be a burden to you kids.' And I thought as a young person that I could never think of my parents as a burden to menot after everything they did for me. But just think about that for a minute: That generation  the Greatest Generation'  was telling us they never wanted to be a burden to the next generation.\nWhat we're talking about today is relieving the burden on the next generation by making it easier for people to go into retirement feeling that they have enough income to enjoy their golden years. H.R. 88 will accomplish this goal by giving Americans the tools they need to help them save for the future and build a secure retirement.\nA secure retirement for every American should not be a partisan issue. So today, let us come together as a unified body and send this bill to the Senate for the sake of every American's peace of mind during this season of peace.\nBefore I conclude, I also want to highlight this bill's inclusion of two important tax credit provisions that will specifically help my constituents in Western Pennsylvania: H.R. 88 will make permanent the Railroad Track Maintenance Tax Credit for short-line railroads, and will extend the Biodiesel Tax Credit. Each of these actions will directly support local economic growth and job creation in rural communities across America, including our district.\nLast December, Congress came together to pass historic tax reform that put more money back in the American people's pockets. Twelve months later, let's pass another historic bill to help them save that money for the years when they need it most! Let's pass H.R. 88!\nGeneral Summary of Provisions:\n Helps businesses provide retirement plans to their workers and helps families to start saving earlier and more throughout their lives.Includes provision expanding use of 529 accounts\nModernizes the IRS and makestaxpayer service the focus of the agency by improving the ease and efficiency of thetaxpayer experience when filingtaxes, retrieving information, resolving issues, and making payments.\n  5-year delay of the Medical DeviceTax\n2-year delay of the Health InsuranceTax\n1-year delay of the excisetaxon high cost health plans (a.k.a. the Cadillac Tax)\nRepeal of the TanningTax\n  Repeal of the Church ParkingTax\n  Provision to allowtax-exempt charitable and educational organizations to make collegiate housing and infrastructure grants to specifiedtax-exempt social clubs, such as fraternities and sororities, in order to fund college and university housing.\n  The Free Speech Fairness Act (repeal of the Johnson Amendment)\n  Tax provisions related to disaster relief:\n  Provides special rules allowing access to retirement funds, temporary suspension of limits on deductions for charitable contributions, allowance of deductions for personal casualty disaster losses, special rules for measurement of earned income for purposes of qualification for tax credits, and a special credit for employees to individuals and businesses affected by Hurricanes Florence and Michael, Typhoons Mangkhut and Yutu, California fires, Kilauea volcanic eruptions and earthquakes, and severe storms in Alabama, Hawaii, Indiana, North Carolina, Wisconsin, and Texas.\n A section-by-section summary of H.R. 88 can be viewed here.\nOrganizations supporting H.R. 88:\n60 Plus Association\nAALU\nAIG\nAllianz Life Insurance Company of North America\nAmerican Association of Christian Schools\nAmerican Business Defense Council\nAmerican Commitment\nAmerican Council of Life Insurers\nAmerican Federation for Children\nAmerican Fraternal Alliance\nAmericans for Prosperity\nAmericans for Tax Reform\nAmeritas\nArchdiocese of New York\nArchdiocese of Washington, DC\nArizona School Choice Trust\nAssociation of Christian Schools International\nAssociation of Mature American Citizens\nAssurity Life Insurance Co.\nAXA Equitable Holdings, Inc.\nBoston Mutual Life Insurance Company\nBoy Scouts of America\nC.U.R.E.  Center for Urban Renewal & Education\nCalifornia Catholic Conference\nCampaign for Liberty\nCanada Life Reinsurance\nCAPE  Council for American Private Education\nCatholic Education Partners\nCenter for a Free Economy\nCenter for Individual Freedom\nCenter for Worker Freedom\nCetera Financial Group\nChildren's First Foundation\nChildren's Scholarship Fund\nChristian Schools International\nChurch Alliance\nCoalition for Jewish Values\nConcerned Women for America LAC\nConnecticut Catholic Conference\nCouncil for Citizens Against Government Waste\nDigital Liberty\nEdTaxCredit50\nEthics and Religious Liberty Commission\nFaith & Freedom Coalition\nFamily Business Coalition\nFamily PAC Federal\nFamily Research Council  Key Vote\nFidelity Security Life Insurance Company\nFlorida Faith & Freedom Coalition\nFreedomWorks\nGenworth Financial, Inc.\nGirl Scouts of the USA\nGleaner Life Insurance Society\nHannover Life Reassurance Company of America\nHawkeye Insurance Association\nHispanic Leadership Fund\nHome School Legal Defense Fund\nHSA Coalition\nIndependent Women's Forum\nIndependent Women's Voice\nInsured Retirement Institute\nInvest in Education Coalition\nJackson Holdings LLC\nJewish United Fund/Jewish Federation of Metropolitan Chicago\nJohn Hancock\nLincoln Financial Group\nLPL Financial\nMassachusetts Mutual Life Insurance Company\nMedico Insurance Company\nMetLife\nNational Association for Fixed Annuities\nNational Association of Insurance and Financial Advisors\nNational Council of Farmer Cooperatives\nNational Life Group\nNational Rural Electric Cooperative Assoc.\nNational Taxpayers Union  Key Vote\nNationalwide Financial\nNCEA  National Catholic Education Association\nNew York Family Research Foundation\nNew York Life Insurance Company\nNTCAThe Rural Broadband Association\nOneAmerica\nOxford Life Insurance Company\nPacific Life\nPan American Life Insurance Group\nPenn Mutual\nPrincipal Financial Group\nProtective Life Insurance Company\nPrudential Financial\nReaching America\nRoyal Neighbors of America\nSammons Financial Group\nSecurian Financial Group\nSecurity Benefit Life Insurance Company\nSmall Business & Entrepreneurship Council\nSymetra Life Insurance Company and Affiliates\nTaxpayers Protection Alliance\nTexans for Education Opportunity\nTexas Public Policy Foundation\nThe Guardian Life Insurance Company of America\nThe Jewish Federations of North America\nThrivent\nTIAA\nTradition Family Property, Inc.\nTransamerica Corporation\nUJAFederation of New York, Inc.\nUnited Benefits Group\nUniversal Guaranty Life Insurance Company\nUS Council of Catholic Bishops\nUSA Workforce Coalition\nUSCCB  U.S. Conference of Catholic Bishops\nVoya Financial\n###", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://kelly.house.gov/press-release/house-passes-kelly-legislation-increase-retirement-savings-americans"], "units": {}, "query_ms": 1.9888458773493767, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}