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Our Saving Problem

Our country has a saving problem. In 2015, the GAO found that 29 percent of Americans 55 and older have no retirement savings and no traditional pension. In fact, today, nearly 40 million working families haven’t saved a dime for retirement. Reliable access to affordable and accurate financial advice is more important now than ever with a larger portion of our population reaching retirement age every day. As I’ve noted several times before, the O...


E&W Committee Approves Legislation to Repeal Fiduciary Rule, Strengthen Protections for Retirement Savers

WASHINGTON, D.C. – Today, the House Committee on Education and the Workforce, chaired by Rep. Virginia Foxx (R-NC), approved the Affordable Retirement Advice for Savers Act (H.R. 2823). Introduced by Rep. Phil Roe (R-TN), the legislation protects access to affordable retirement advice by overturning the Obama administration’s fiduciary rule while requiring retirement advisors to serve the best interests of their clients. Following the markup, mem...


Roe Supports Bill to Provide Largest Troop Pay Raise in Eight Years

WASHINGTON, D.C. – Today, Rep. Phil Roe, M.D. (R-Tenn.) released the following statement after the House passed the Fiscal Year 2018 National Defense Authorization Act (NDAA) by a vote of 344 to 81: “As long as I have the privilege of serving in Congress, I will work to ensure the men and women who serve in uniform have the best equipment and training in the world. I take this duty very seriously because the safety and readiness of our servicemem...


Roe Leads Bipartisan House Effort to Repeal the IPAB

WASHINGTON, D.C. – Yesterday, Drs. Phil Roe, M.D. (R-Tenn.) and Raul Ruiz, M.D. (D-CA) led a bipartisan press conference on the need to act quickly to repeal the Independent Payment Advisory Board (IPAB). The Affordable Care Act offers a statutory path to repeal the IPAB utilizing “fast-track” procedures in the Senate, but that authority expires on August 15, 2017. Roe released the following statement: “With the fast-track deadline of August 15 q...