Senator John Hickenlooper (D-CO)
In an effort to boost retirement security for millions of low- and middle-income American workers, Senator John Hickenlooper (D-CO) said his Retirement Savings for Americans Act would do just that, when he spoke at a retirement event hosted last week by Axios and BlackRock.
The Retirement Savings for Americans Act was first introduced in the Senate by him and Sen. Thom Tillis (R-NC) and in the House by Rep. Terri Sewell (D-AL) and Rep. Lloyd Smudker (R-PA) in 2021 and reintroduced in 2023. The four lawmakers formed a congressional working group focused on boosting retirement for American workers. The resulting legislation would establish a new program that gives eligible workers access to portable, tax-advantaged retirement savings accounts. It also would offer federal matching contributions for low- and middle-income workers, with the match beginning to phase out at median income.
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