H.Res. 662House111th Congress (2009-2011)Passed Congress

Supporting the goals and ideals of "National Save for Retirement Week", including raising public awareness of the various tax-preferred retirement vehicles as important tools for personal savings and retirement financial security.

Introduced July 20, 2009

Legislative Activity

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7 earlier actions
HouseFloor Latest Action

Motion to reconsider laid on the table Agreed to without objection.

July 31, 2009 • 2:14 PM

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HouseIntro Referral

Introduced in House

July 20, 2009

HouseIntro Referral

Referred to the House Committee on Ways and Means.

July 20, 2009

HouseFloor

Mr. Cohen asked unanimous consent to discharge from committee and consider.

July 31, 2009 • 2:13 PM

HouseCommittee

Committee on Ways and Means discharged.

July 31, 2009

HouseFloor

Considered by unanimous consent. (consideration: CR H9245)

July 31, 2009 • 2:13 PM

HouseFloor

Passed/agreed to in House: On agreeing to the resolution Agreed to without objection.(text: CR H9245)

July 31, 2009 • 2:14 PM

HouseFloor

On agreeing to the resolution Agreed to without objection. (text: CR H9245)

July 31, 2009 • 2:14 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

July 31, 2009 • 2:14 PM

Floor Debate

14 members

What members said about H.Res. 662 on the floor

8 Republicans6 Democrats
Pete Sessions
Rep. Pete SessionsR-TX-32 · Jul 10, 2009

Mr. Speaker, I yield myself such time as I may consume. I appreciate the gentlewoman's yielding me the time. Mr. Speaker, I rise in opposition to a structured rule, a structured appropriations rule,…

Chellie Pingree
Rep. Chellie PingreeD-ME-1 · Jul 10, 2009

Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 622 and ask for its immediate consideration. Mr. Speaker, I yield myself such time as I may consume. The gentleman from…

Jeff Flake
Rep. Jeff FlakeR-AZ-6 · Jul 10, 2009

Mr. Speaker, I raise a point of order against H. Res. 622 because the resolution violates section 426(a) of the Congressional Budget Act. The resolution contains a waiver of all points of order…

David R. Obey
Rep. David R. ObeyD-WI-7 · Jul 10, 2009

I thank the gentlewoman for the time. I would like to respond to the fiction that I just heard from the previous speaker. The previous speaker indicated that never in the history of the Congress have…

Steve Buyer
Rep. Steve BuyerR-IN-4 · Jul 10, 2009

I rise today in opposition to this rule because H.R. 3082 represents a dramatic shift in the way that we provide funding for VA medical care by providing advance appropriations for medical services,…

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David Dreier
Rep. David DreierR-CA-26 · Jul 10, 2009

Will the gentleman yield? Mr. Speaker, I thank my friend for yielding, and I'm happy to engage in a colloquy with the distinguished Chair of the Committee on Appropriations. I'll look forward…

Ed Perlmutter
Rep. Ed PerlmutterD-CO-7 · Jul 10, 2009

I thank Ms. Pingree for the opportunity to speak on this rule, and I just want to thank my friends Chet Edwards and Zach Wamp for their leadership and hard work in crafting this bill and their…

Lincoln Diaz-Balart
Rep. Lincoln Diaz-BalartR-FL-21 · Jul 10, 2009

I want to thank my dear friend from Texas, a great leader in this House, Mr. Sessions, for the time. Mr. Speaker, I rise because this legislation that we are bringing to the floor today includes the…

Erik Paulsen
Rep. Erik PaulsenR-MN-3 · Jul 10, 2009

Mr. Speaker, I rise in opposition to the rule. As Congress moves forward in the debate on health care, we should ensure that any national health care reform plan preserves the unique needs of our…

Phil Gingrey
Rep. Phil GingreyR-GA-11 · Jul 10, 2009

Mr. Speaker, I thank the gentleman for yielding, and I stand to strongly oppose this rule on the Military Construction and Veterans Affairs Appropriations Act of 2010. Mr. Speaker, this is…

Jared Polis
Rep. Jared PolisD-CO-2 · Jul 10, 2009

I rise today in support of H.R. 3082, the Military Construction and Veterans Affairs Appropriation Act for fiscal year 2010, and the rule. I'd like to thank Chairman Edwards of the Military…

Adam Smith
Rep. Adam SmithD-WA-9 · Jul 10, 2009

Mr. Speaker, I rise today in support of the Fiscal Year 2010 Military Construction and Veterans Affairs Appropriations Act, and I thank Chairman Edwards and Ranking Member Wamp for their work in…

Allyson Y. Schwartz
Rep. Allyson Y. SchwartzD-PA-13 · Jul 31, 2009

Mr. Speaker, I ask unanimous consent that the Committee on Ways and Means be discharged from further consideration of the resolution (H. Res. 662) supporting the goals and ideals of ``National Save…

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Dean Heller
Rep. Dean HellerR-NV-2 · Jul 10, 2009

Mr. Speaker, on rollcall No. 526, had I been present, I would have voted ``nay.'' Mr. Speaker, on rollcall No. 527, had I been present, I would have voted ``no.''

Bill Text

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Engrossed in HouseIssued July 31, 2009

H. RES. 662

In the House of Representatives, U. S.,

July 31, 2009

RESOLUTION

Whereas people in the United States are living longer and the cost of retirement continues to rise, in part because the number of employers providing retiree health coverage continues to decline, and retiree health care costs continue to increase at a rapid pace;

Whereas Social Security remains the bedrock of retirement income for the great majority of the people of the United States, but was never intended by Congress to be the sole source of retirement income for families;

Whereas recent data from the Employee Benefit Research Institute indicates that, in the United States, less than 2/3 of workers or their spouses are currently saving for retirement and that the actual amount of retirement savings of workers lags far behind the amount that will be needed to adequately fund their retirement years;

Whereas saving for one’s retirement is a key component to overall financial health and security during retirement years;

Whereas many workers may not be aware of their options for saving for retirement or may not have focused on the importance of, and need for, saving for their own retirement;

Whereas many employees have available to them through their employers access to defined benefit and defined contribution plans to assist them in preparing for retirement, yet many of them may not be taking advantage of employer-sponsored defined contribution plans at all or to the full extent allowed by the plans as prescribed by Federal law;

Whereas many workers who are saving for retirement in tax-preferred vehicles have experienced declines in their account values as a result of the recent economic downturn and market decline, making continued contributions all the more important;

Whereas all workers, including public- and private-sector employees, employees of tax-exempt organizations, and self-employed individuals, can benefit from increased awareness of the need to develop personal budgets and financial plans including retirement savings strategies, and to take advantage of the availability of tax-preferred savings vehicles to assist them in saving for retirement; and

Whereas October 18 through October 24, 2009, has been designated as National Save for Retirement Week: Now, therefore, be it

That the House of Representatives—

(1)

supports the goals and ideals of National Save for Retirement Week, including raising public awareness of the various tax-preferred retirement vehicles as important tools for personal savings and retirement financial security;

(2)

supports the need to raise public awareness of efficiently utilizing substantial tax revenues that currently subsidize retirement savings, revenues estimated to be in excess of $120,400,000,000 for the 2008 fiscal year budget;

(3)

supports the need to raise public awareness of the importance of saving adequately for retirement, and the availability of tax-preferred employer-sponsored retirement savings vehicles; and

(4)

calls on the States, localities, schools, universities, nonprofit organizations, businesses, other entities, and the people of the United States to observe this week with appropriate programs and activities with the goal of increasing retirement savings for all the people of the United States.

Clerk.