Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
by KAREN NARAG
Targeted News Service
WASHINGTON, Jan. 7 -- Rep. Scott Garrett, R-Ill., has introduced legislation (H.R. 41) to "temporarily increase the borrowing authority of the Federal Emergency Management Agency for carrying out the National Flood Insurance Program."
The bill was introduced on Jan. 3 and has 19 co-sponsors. Co-sponsors include Reps. Christopher H. Smith, R-N.J., Rodney P. Frelinghuysen, R-N.J., Leonard Lance, R-N.J., Michael G. Grimm, R-N.Y., Richard L. Hanna, R-N.Y., Peter T. King, R-N.Y., Gregory W. Meeks, D-N.Y., Carolyn B. Maloney, D-N.Y., Carolyn McCarthy, D-N.Y., Joseph Crowley, D-N.Y., Jerrold Nadler, D-N.Y., Robert E. Andrews, D-N.J., Jon Runyan, R-N.J., Frank A. LoBiondo, R-N.J., Grace Meng, D-N.Y., Sean Patrick Maloney, D-N.Y., Bill Pascrell Jr., D-N.J., Paul Tonko, D-N.Y., and Timothy H. Bishop, D-N.Y.
The legislation was referred to the House Financial Services and Budget Committees.
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