Texas 2019 - 86th Regular

Texas House Bill HR1439

Caption

Requesting the speaker to provide for an interim house study on retirement security in Texas.

Impact

The resolution specifically aims to examine and identify the barriers preventing Texas residents from adequately saving for retirement. Among these obstacles, the burden on small businesses willing to implement payroll deduction retirement plans for employees is emphasized. The study will focus on understanding how regulatory and operational hurdles can be alleviated to promote better retirement savings options and ultimately enhance financial security for retirees in Texas.

Summary

House Resolution 1439 calls for an interim study on retirement security in Texas, addressing a nationwide retirement savings deficit that threatens the financial stability of many households. The resolution highlights that a significant portion of older Texans relies heavily on Social Security for their retirement income, with a substantial number of private sector employees working for companies that do not offer employer-sponsored retirement plans. Consequently, this lack of preparedness poses a considerable risk to many families' future financial security.

Contention

While the resolution itself appears to support further inquiry into issues surrounding retirement savings, it may encounter debate regarding the feasibility and effectiveness of including regulatory changes that assist small businesses. Critics may argue that any proposed solutions should strike a balance between encouraging retirement savings and not overwhelming small businesses with additional regulations or burdens. The discussions surrounding the study are crucial, as they could shape future policies regarding retirement security in Texas.

Companion Bills

No companion bills found.

Previously Filed As

TX HCR65

Requesting the Lieutenant Governor and Speaker of the House to create a joint interim committee to study domestic violence in Texas.

TX HR520

Requesting the Speaker of the House to create an interim committee to study issues relating to food insecurity in Texas.

TX HCR63

Requesting the Lieutenant Governor and Speaker to create a joint interim committee to study suicide prevention in Texas.

TX HCR64

Requesting the Lieutenant Governor and Speaker of the House to create a joint interim committee to study human trafficking in Texas.

TX HCR62

Requesting that the Lieutenant Governor and the Speaker of the House of Representatives create a joint interim committee to study motorcycle operator profiling by law enforcement officers.

TX HCR32

Requesting the creation of a joint interim committee to study the legacy of convict leasing in Texas.

TX SR444

In memory of former Speaker of the Texas House of Representatives Gus Franklin Mutscher.

TX SCR1

Requesting that the Lieutenant Governor and the Speaker of the House of Representatives create a joint interim committee to study issuance of credit against required recapture payments for Gulf Coast county school districts with excess facilities costs.

TX HCR69

Requesting that the Lieutenant Governor and the Speaker of the House of Representatives create a joint interim committee to study the construction of a second vehicular causeway connecting Padre Island to the mainland.

TX HCR116

Similar Bills

No similar bills found.