[Congressional Record (Bound Edition), Volume 155 (2009), Part 8]
[House]
[Page 10456]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1015
                         FISCAL RESPONSIBILITY

  (Mr. SMITH of Nebraska asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. SMITH of Nebraska. Thank you, Mr. Speaker.
  Yesterday, the Savings Recovery Act, legislation designed to help 
Americans rebuild their retirement, college and personal savings, was 
introduced. This legislation will make it easier for Americans to save 
more for their retirement by increasing the contribution and catch-up 
limits for individuals and families. It will restore college savings by 
extending the existing credit for contributions made to college savings 
accounts. The Savings Recovery Act will ensure workers retain control 
over their hard-earned 401(k)s, not the Federal Government.
  Mr. Speaker, the American people need more than just lip service when 
it comes to their futures. They need real solutions, solutions which 
come from empowering the public, not from racking up more debt.
  I urge my colleagues to support the Savings Recovery Act.

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