EARN Act Strengthens Retirement Savings With 28-0 Vote

EARN Act will help Americans save more and save longer.

Washington, D.C.–The U.S. Senate Finance Committee, under the leadership of Ranking Member Mike Crapo (R-Idaho) and Chairman Ron Wyden (D-Oregon), passed the Enhancing Americans Retirement Now (EARN) Act, expanding opportunities for Americans to increase their retirement savings and improving workers’ long-term financial well-being.  The legislation builds on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 and is based in part on the Retirement Security and Savings Act of 2021, legislation championed by Senators Rob Portman (R-Ohio) and Ben Cardin (D-Maryland).  The bill was approved unanimously by the Committee, 28-0.

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