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Tag: retirement

Daines, Colleagues Urge DOL to Support American Workers & Retirees

August 23, 2025

U.S. SENATE – U.S. Senator Steve Daines and his colleagues sent a letter today to the U.S. Department of Labor (DOL) urging Secretary Lori Chavez-DeRemer to expeditiously implement President Trump’s recent Executive Order that unlocks access to investments in alternative assets for Main Street America and retirees with a 401(k) defined-contribution plan.  Senators Markwayne Mullin (R-Okla.), Jim Banks (R-Ind.), Bernie Moreno (R-Ohio), Cynthia Lummis (R-Wyo.), Bill Hagerty (R-Tenn.), Katie Britt (R-Ala.), Eric Schmitt (R-Mo.) and Bill Cassidy (R-La.) joined Daines in sending the letter.  “We are thankful for President Trump’s recent executive order directing the Department of Labor to expand Americans’ access

Daines Leads Bipartisan Bill to Help Boost Montanans’ Retirement Savings

August 3, 2023

U.S. SENATE – U.S. Senator Steve Daines (R-Mont.), amember of the Senate Finance Committee, and Ben Cardin (D-M.D.) introduced an expanded version of the “Promotion and Expansion of Private Employee Ownership Act.” This bipartisan legislation will encourage retirement savings by bolstering the growth of S corporations that are owned by Employee Stock Ownership Plans (S-ESOP) and would make it easier for middle class Montanans to invest towards retirement. Additionally, the bill would eliminate barriers that Montana businesses and their owners currently face in establishing a new S-ESOP or expanding the employee-ownership stake in an S corporation. “While Montana workers and businesses struggle to navigate this challenging economy, it’s important we strengthen creative