[Congressional Record Volume 169, Number 129 (Wednesday, July 26, 2023)]
[Senate]
[Page S3623]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          STATEMENTS ON INTRODUCED BILLS AND JOINT RESOLUTIONS

      By Mr. KAINE (for himself and Mr. Cassidy):
  S. 2517. A bill to amend the Internal Revenue Code of 1986 and the 
Employee Retirement Income Security Act of 1974 to allow for periodic 
automatic reenrollment under qualified automatic contribution 
arrangements , and for other purposes; to the Committee on Health, 
Education, Labor, and Pensions.
  Mr. KAINE. Madam President, today I am introducing the Auto Reenroll 
Act of 2023, alongside Senator Cassidy. Enacting this bill would 
improve financial security for Americans by strengthening their private 
retirement savings.
  Nearly 7 in 10 Americans working in the private sector have access to 
employer-sponsored retirement plans, but a quarter of those with access 
do not participate in those plans. This means less money saved for 
retirement. Often, it means leaving money on the table, in the form of 
employer-matching contributions. Encouraging more employees to 
participate in their workplace plans would increase their overall 
compensation and improve their financial security and retirement 
outlook.
  The Auto Reenroll Act of 2023 would boost participation by 
encouraging safe harbor retirement plans to adopt automatic 
reenrollment features. Automatic enrollment plans have been 
tremendously successful at encouraging workers to participate in 
employer-sponsored plans, but employees who opt out of participating at 
the beginning of their tenure will likely never reconsider that 
decision. This bill would build on the success of auto enrollment by 
permitting employers to reenroll nonparticipants once every 3 years, 
providing them another opportunity to consider participation. This 
would encourage those employees to reassess their nonparticipation as 
their financial situation evolves.
  I encourage my colleagues to support this commonsense legislation to 
bolster private retirement savings.
                                 ______
                                 
      By Mr. KAINE (for himself and Mr. Warner):
  S. 2547. A bill to amend the Natural Gas Act to bolster fairness and 
transparency in the consideration of interstate natural gas pipeline 
permits, to provide for greater public input opportunities in the 
natural gas pipeline permitting process, and for other purposes; to the 
Committee on Commerce, Science, and Transportation.
  Mr. KAINE. Madam President, today, I am introducing a bill to make 
the process of siting natural gas pipelines fairer, more transparent, 
and more responsive to landowner concerns.
  For some time now, I have been listening to Virginians with 
passionate views on the process involved in permitting the Mountain 
Valley Pipeline, as well as the previous proposal for the Atlantic 
Coast Pipeline. For various reasons, many oppose one or both of these 
projects, while others support these projects. The Federal Energy 
Regulatory Commission, FERC, is tasked with analyzing all the issues--
purpose and need for a project, impacts on people living on the route, 
potential risks to the environment or property--and deciding what 
course best serves the public interest.
  From listening to all sides, I have concluded that while reasonable 
people may reach different conclusions, FERC's public input process is 
flawed and could be better. Accordingly, this legislation proposes 
several steps to address several shortcomings, all of which were 
originally brought to my attention by Virginia constituents. For 
instance, this bill requires programmatic analysis of pipelines 
proposed around the same time and in the same geographic vicinity so 
that the full impacts of multiple projects can be analyzed. It requires 
a greater number of public comment meetings so that citizens are not 
required to commute long distances to meetings at which they must speed 
through just a few minutes of remarks on these complex topics. It 
ensures that affected landowners are given proper notice and 
compensation. It guarantees that landowner complaints will be heard 
before construction commences. And it clarifies the circumstances under 
which eminent domain should and should not be used.
  I am pleased to be joined by my colleague Senator Mark Warner on this 
bill. The public deserves reasonable opportunity to weigh in on energy 
infrastructure projects, and we are heeding calls by our constituents 
to make this process fairer and more transparent without mandating a 
particular outcome.
  I encourage the Senate to consider this legislation, not to pave the 
way for pipelines nor to throw up insurmountable roadblocks to them but 
to give the public greater certainty that the Federal Government's 
infrastructure decisions are fair and transparent.

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