Win the Game for Everyday Americans, Pass the SECURE Act

Dec 12, 2019

Last Sunday, college football fans nationwide learned which bowl game their team would play in.

After weeks of speculation, they gained the certainty they need to plan.

Iowa Hawkeye fans like me learned they can book flights to San Diego. They’ll be playing in the Holiday Bowl on December 27.

Penn State boosters like my daughter learned they’ll play in the Cotton Bowl on December 28 in Dallas. And University of Texas supporters learned the Longhorns will play in the Alamo Bowl on December 31 in San Antonio.

Now it’s time to get certainty from Capitol Hill. Everyday Americans stand to gain from final passage of the SECURE Act.

Without it, ground is lost. Iowa workers at many small businesses won’t know if their employers will be able to add a 401(k) plan.

Pennsylvania firefighters won’t know if they’ll have to pay taxes on the small non-monetary stipends they receive.

Texas Gold Star families won’t know if the unfair tax bill on their survivor benefits will be cut.

Without the SECURE Act millions of Americans cannot properly prepare for their futures.

The American Council of Life Insurers and other advocates for retirement security have teamed up and rooted hard for the SECURE Act.

Like a seesaw college football game, there have been times when we thought for sure we were going to win passage. When the House voted in May, 417-3, victory seemed imminent.

It didn’t happen, but we didn’t give up. We regrouped at halftime and we rallied.

We worked with teammates at the National Association of Insurance and Financial Advisors from all 50 states to let the Congress know how important it was to pass the bill.

We mobilized 91 business and community leaders to write to the Senate about the SECURE Act.

Last week we partnered with 21 organizations to show the Senate how important this bill is for Americans.

We’re driving toward the goal line. But it’s the fourth quarter, and time is running out.

A victory for the SECURE Act is needed before the clock hits 0:00.

Susan K. Neely

Susan K. Neely is the President and CEO of the American Council of Life Insurers (ACLI), the nation’s leading trade association determined to help families live better lives by achieving financial security and certainty. As president and CEO, Neely drives public policy and advocacy on behalf of ACLI’s member companies that represent 94 percent of industry assets and serve 90 million families.